China’s major banks reportedly have set transfer caps for online quick payment services, making it more difficult for users to transfer large amounts of money to Internet wealth management, according to the Beijing News. According to the publication, China Construction Bank set a quota of...
Less than a week after striking a similar agreement with MasterCard, Fiserv on March 17 announced an agreement to make Visa’s common debit EMV solution available for the Accel debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution, offering issuers, acquirers and...
On April 14, Google Wallet’s Near Field Communication “tap-and-pay” service reportedly will stop running on any smartphone running on 4.3 Jelly Bean or earlier operating system. As of that date, only phones operating with 4.4 KitKat operating system will be able to use the tap-and-function,...
Xapo- March 14, $20 Million Xapo, which is launching a combined Bitcoin wallet and fully insured cold storage vault, has landed $20 million in series A funding round. Benchmark led the funding round. Xapo’s earlier venture was Lemon Wallet, which LifeLock acquired last year for...
In what may be indicative of legislation to come on a broader range nationally, lawmakers in Wisconsin this week reportedly will take up a bill approved in committee that would prevent school district officials from collecting biological information including fingerprints and retinal images from students. ...
Vietnamese Catching On To E-Payments News/Credit Cards What’s Hot, Vietnam, credit card use debitr card use, Visa, TNS Vietnamese consumers reportedly are catching on to use of electronic payments, recent study data show. When some 1,200 consumers were asked what made them feel they were...
Experiencing a data breach is a bad enough situation, but how consumers view the event can be just as damaging. As such, prevention plays a key role in securing consumer confidence, and just more than half of consumers put that responsibility squarely on merchants, new...
I had the chance to visit with Mike Passilla recently to get the scoop on the Chase Merchant Services (CMS) Group he leads at Chase and the value it delivers to consumers and merchants. I’ve written before that my view on CMS is that it...
Tradeshift, a platform connecting half a million buyers and suppliers globally, saw sales jump 400 percent last year, CEO and co-founder Christian Lanng said. It’s a figure that suggests the Dane was right when he thought that business as usual, especially in global trade, was...
