Bank of China has a new online banking platform resulting from a collaboration with IBM that will allow it to leverage customer transactions for future planning. The Chinese bank had ordered a complete overhaul of the platform, including the user interface and the overall design...
China further solidified its position as a market that could greatly impact payments in 2013. Those who require proof need only look at how China’s love affair with bitcoin drove the price to more than $1,200, only to send it back down amid escalating regulations...
Toys “R” Us is expanding its mobile reach with a new coupon redemption campaign launched via Apple Passbook. Mobile Commerce Daily reported on Jan. 7 that the toy retailer’s mobile ads are accessible through one of several mobile apps. Once activated, the coupon can be...
Alipay, Alibaba’s online payments affiliate, is teaming up with Sina Corp to launch a new online payments service. The Wall Street Journal reported on Jan. 7 that the service integrate’s with Sina Corp’s Weibo microblogging website. Weibo is China’s version of Twitter. According to the...
Online bitcoin-wallet service Coinbase now has a mobile-payments app. The Coinbase mobile app includes functionality for both merchants and consumers. Shoppers can make transactions in bitcoins with their Coinbase app as long as the merchant is participating. The mPOS app follows an earlier release from...
MasterCard has acquired Provus, an independent payment processor based in Turkey, the payment card network announced. Neither MasterCard nor Provus disclosed the terms of the sale. Founded in 2001, Provus is based in Istanbul. The acquisition is designed to strengthen MasterCard’s presence in the region....
Spindle has finalized its acquisition of Yowza!!, a mobile couponing service, the mobile-commerce solutions provider announced. Spindle plans to integrate Yowza!!’s mobile-coupon technology with its own system, according to a Jan. 6 press release. “We are delighted to complete the acquisition of Yowza!!, which positions...
2024 might feel far away, but as Market Platform Dynamics (MPD) CEO Karen Webster has illustrated, thinking one, two or even three years ahead in payments is no longer enough. Planning smart in this industry means never resting on your laurels, it means looking ahead...
Target confirmed a massive data breach on Thursday that rocked the payments world at the busiest time of the year in commerce. Initial estimates suggest the breach compromised the names, credit card numbers, debit card numbers, expiration dates and CVVs of more than 40 million...
