Alibaba, the Chinese eCommerce conglomerate, has banned the sale of Bitcoin on its Taobao Marketplace online platform. Bloomberg News reported that Bitcoin sales and other cryptocurrencies will be restricted beginning on Jan. 14. Mining hardware and software will also be barred from Taobao. An Alibaba...
Client financial institutions of core processor Jack Henry and Associates will have access to American Express’ FX International Payments Service, Jack Henry announced. The AmEx service allows users to engage in cross-border payments more easily. In a statement, Brett Weinhouse, FX International Payments vice president...
Annual mobile retail purchases will surpass $700 billion by 2018, a new report suggests. This amount will account for roughly 30 percent of all eRetail purchases in that year, Juniper Research predicts. In 2012, $182 billion was spent on mobile retail purchases, or about 15...
Iowans now can pay their fuel taxes and vehicle-registration fees online thanks to an expanded partnership between payments network Dwolla and the Iowa state government. Dwolla, which is based in Des Moines, previously worked with the state government to help merchants collect cigarette stamp taxes,...
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...
