07 March 2014 Braintree says it will waive the standard 2.9 percent plus 30 cents in processing fees for transactions among members in its new Ignition program. The free deal originally was good for the first $50,000 in transactions processed and for a limited 1,000...
07 March 2014 Yesterday, after years of speculation – outlandish and sensible – the brain behind bitcoin was finally unmasked. Newsweek reports that the inventor of Bitcoin, known heretofore only under the pseudonym “Satoshi Nakamoto,” is really Dorian S. Nakamoto. But wait. Later in the day, the...
07 March 2014 India’s leading ecommerce site, Flipkart, has recent surpassed the billion dollar mark in its annual Gross Merchandise Value (GMV). This represents a 100 fold increase from the companies initial GMV of $10 million in 2011. “With this scale, we are in a...
Wells Fargo is developing a vocal recognition system to be used with its digital banking platform. While still in the experimental phase, the system would allow users to navigate the banking platform by using voice commands, The Charlotte Observer reported on Jan. 23. Wells Fargo...
Legalized for medical consumption in 20 states and for recreational use in Colorado and Washington, marijuana is still federally classified as a Schedule 1 narcotic. And federal rules prohibit federal banks and credit card companies from processing pot-related transactions. As such, dispensaries and growers cannot...
Like many emerging mobile-based products today, beacon technology, which enables merchants to identify specific customers in or near their stores, has potential to greatly improve customer relations. But it’s highly untested, and improper execution could do more harm than good. Because beacons, which uses Bluetooth...
The recent rash of data breaches has many card issuers and their cardholders on edge, not knowing whether a compromised card could be used fraudulently and without their immediate knowledge. With new application programming interface (API)-based products from TSYS, issuers now can enable their...
T-Mobile is hitting back at charges that it’s entering the banking business. A senior T-Mobile official spoke with American Banker, saying in an interview that the company is not creating an online banking platform. Rather, it is only offering its customers a way to better...
Google has officially denied rumors that it is debating a Bitcoin payments integration. A story circulating the Internet on Jan. 23, suggesting that the search giant was moving toward adopting the controversial virtual currency as a form of payment. “We are working in the payments...
