The CEO at luxury retailer Neiman Marcus released a statement this week noting that the company’s recent data breach affected as many as 1 million debit and credit cards, Bank Info Security reported Jan. 23. “To date, Visa, MasterCard and Discover have notified us that...
Welcome to What’s Trending In Payments – a weekly look at the most popular, irreverent and important stories the payments industry had to offer over the past five days. Which companies grabbed the most headlines – for better or for worse – this week, and...
By PYMNTS.com Editorial Staff (@pymnts) There’s so much data influencing the industry today that it can be hard to stay on top of everything. PYMNTS.com’s Friday Factoids are the perfect solution for innovators, entrepreneurs or observers trying to keep up with all the latest information....
Looming store closures by Macy’s, J.C. Penney and Sear Roebuck and Co. represent a grim example of the general tenuousness of consumer spending. Tick up a few notches in socioeconomic standing, however, things appear a bit brighter. Roughly 10 million shoppers enter the luxury market...
23 January 2014 By Jeffrey Green (@epaymentsguy) EBay’s board of directors on Jan. 22 rejected a proposal by investor Carl Icahn, who had submitted a non-binding proposal for a spin-off of its PayPal business into a separate company. Icahn earlier this month acquired shares and...
The idea that a new website or app can undermine years of careful messaging may be deeply frustrating to marketers – but it is a reality that they must face. –Itamar Simonson, Stanford Business School professor and author of “Absolute Value: What Really Influences Customers...
By Gloria Colgan, Managing Director, Market Platform Dynamics (@gkcolgan) Ah, the challenges of commercial prepaid. When JPMorgan Chase recently announced the potential sale of its government and commercial prepaid card business, it made big headlines. Chase has a massive portfolio from a prepaid perspective –...
Speaking at the ReadWrite Mix event, PayPal President David Marcus spoke at length about the history of the company and some of the challenges it faced as it expanded globally. One of the major problems was dealing with country-by-country financial and payments regulations, many of...
How to make mobile commerce a profitable and worth while opportunity
