04 March 2014 North Shore Bank in Brookfield, Wis., recently launched a MasterPass digital wallet to simplify online shopping for its customers, the first Wisconsin bank to offer the service. It provides a centralized location to securely store debit card, credit card, prepaid card and...
05 March 2014 RadioShack reportedly appears to be struggling to compete with the Big Box retailers, including Best Buy. The electronics-store chain announced March 4 that it plans to close up to 1,100 poorly performing stores, or about 20 percent of its stores, because of...
05 March 2014 Chicago’s First American Bank recently issued an advisory telling customers not to use their payment cards in local taxis. “We have become aware of a data breach that occurs when a card is used in Chicago taxis, including American United, Checker, Yellow, and...
05 March 2014 Global payment fraud-prevention and security technology company SecureBuy on March 4 announced the creation of a frictionless payment-fraud solution for mobile and online card-not-present payment processing. FICO, a predictive analytics and decision-management company, is powering the technology, according to the companies’ announcement. This...
05 March 2014 Ulmart, Russia’s online equivalent to Amazon, reportedly has succeeded by doing what Amazon does not. “In this market,” Ulmart’s chairman, Dmitry Kostygin, told Businessweek, “Amazon has no chance.” The an online retailer reported $1.2 billion in sales last year. Instead of wooing customers...
05 March 2014 With more consumers now shopping online instead of in retail stores, operators of brick-and mortar locations are turning their attention to ways in which they can better compete. During recent earnings calls with analysts, executives at such companies as Gap Inc., Abercrombie...
05 March 2014 Hashtag activator Chirpify has introduced #Actiontags for TV, enabling consumers to post to Twitter, Facebook or Instagram using the “activated hashtags” they see on TV to instantly purchase products or respond to campaigns. For example, consumers who tweet #testdrive in response to...
05 March 2014 Billers are scrambling to keep up with consumer demand for mobile billing and payments, as only 12 percent of billers have a mobile bill-presentment and payment (MBPP) strategy, new research shows. Fiserv Inc.’s second annual Biller Mobile Bill Pay Benchmark Study took...
05 March 2014 Various states are starting to pay close attention to the security of their card-based payment systems in the wake of recent data breaches. In a bit of a return to the past, they are instead sending tax returns as checks to recipients...
