News

Bluetooth’s Not-So-Smart Tech Security Flaws
May 26, 2015

Bluetooth Low Energy (BLE) is at the center of cybersecurity attention, raising concerns about privacy and confidentiality. Context, a specialized consultancy, proved that BLE signals transmitted by many mobile phones, wearable devices and iBeacons, including the iPhone and leading fitness monitors, could be easily recorded...

MasterCard’s Target Breach Settlement Halted
May 26, 2015

The news that Target and MasterCard both failed to reach the required approval thresholds for the $19 million settlement tied to security breaches set off a flurry of press releases from the companies and interested parties last week. Get the Full Story Complete the form...

Mobile Commerce
Snapchat Springs Investment Into Shopping App
May 26, 2015

Photo-sharing service Snapchat is investing in Spring, a shopping app launched in August 2014, according to a May 22 story from Re/code. Only three weeks ago, Spring closed a $25 million investment and — after eight months iOS-only — launched an Android version of its...

News
SmartMetric Biometrics Payments Card Nearing Release
May 26, 2015

The SmartMetric biometric payments card is almost ready to hit the market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

International
US Investigating UK Uber Payment Breach
May 26, 2015

Some British customers of Uber’s ridesharing app have claimed that money has been taken from accounts for rides they never took – a claim that has spurred U.S. authorities to look into how those users have been charged by the service. Get the Full Story...

Why Banks Aren’t Lending’s Dead End
May 26, 2015

The last 12 months have been good for alternative financial services. And this is quantifiable from a variety of vantage points. A decade ago, alternative financial services was mostly a euphemism for seeing a quasi-reputable, or in some cases totally irreputable lender. In the last year alone,...

Chinese Regulators Put Brakes on Facial-Recognition for Payment
May 26, 2015

“Say cheese?” The central bank in China says “no dice” — at least for new customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Merchant Innovation
Amazon Gears Up To Rival Etsy
May 26, 2015

The already struggling Etsy may have some steep competition from a much bigger eCommerce player: Amazon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Virgin America Goes One-Click Payments
May 26, 2015

Virgin America Inc. intends to expand its digital footprint and create a “frictionless” transaction model based in part on Amazon’s signature one-click service, using digital payment tech and analytics, The Wall Street Journal reported Friday (May 22). Get the Full Story Complete the form to...