A growing number of lenders are turning to social media when determining a loan applicant’s credit-worthiness. The Wall Street Journal reported on Jan. 8 that some companies, particularly lending startups, look at social media profiles to verify certain types of information. Credit scoring agencies like...
JPMorgan Chase's recent decision to try to sell off its government and commercial prepaid card business seems a bit surprising. After all, prepaid is among the fast-growing payment segments, so why give it up? MPD's Gloria Colgan offers up her views on why Chase made...
It goes without saying that the recent data breaches at some of the major U.S. retailers, including Target and Neiman Marcus, have exposed a harrowing reality in the payments space — that fraudsters can and will take advantage of any security flaw they can. As...
U.S. consumers who conducted holiday shopping at Amazon or L.L. Bean were the most likely to be satisfied with their experience this past holiday season, ForeSee’s newly published E-Retail Satisfaction Index indicates. Released on Jan. 7, the 61-page report drew from more than 67,000 customer...
EMV continues to die a slow death. At least that’s what a growing number of vendors are hoping as they roll out more sophisticated, and secure, payment products, some of which operate along the traditional network rails. Their goal is to encourage financial institutions to...
With the Target breach still clearly visible in the rearview mirror, the payments space is beginning to ask the toughest question of all: Where do we go from here? As Market Platform Dynamics CEO Karen Webster explained in a recent commentary, it’s a “huge, huge...
International and multichannel payment solutions provider Adyen has appointed Kamran Zaki as president, Adyen North America. The company plans to relocate its North American headquarters from Boston to San Francisco. Zaki joins Adyen from Netflix, where he served as the head of global payments for...
PayPal APAC reportedly has launched mo.bi.pay, a mobile payments solution developed as a mobile plug-in solution for small and mid-size merchants using shopping carts on their platforms. Mo.bi.pay incorporates PayPal’s mobile practices so the customer can pay using his or her mobile device, The PayPers...
