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...
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...
