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...
Despite the explosive growth the mobile point-of-sale (mPOS) sector has seen in the past few years, there was one overarching message from the industry heading into 2014: mPOS has only just begun to show its potential. In other words, a collective ‘You ain’t seen nothing...
30 December 2013 Venture partner at Menlo Ventures Karl Mehta and serial entrepreneur Carol Realini are currently crowdsourcing success stories for their new book “Financial Inclusion at the Bottom of the Pyramid.” Originally profiled in a November 21 article for PYMNTS.com, the book aims to...
Despite the rise of big data, the cloud and the countless other electronic innovations looking to tap into our collective brainpower, predictions remained as difficult to get right as ever in 2013. For every no-brainer like the rise of consumer mobile smartphone and tablet use,...
As the last days of 2013 come to a close, payments firms across the country are busy reflecting on the experience they’ve gained to best position their strategies for the future while avoiding the issues that have dogged them in the past. Of course, payments...
Released on December 19, a new study from Ryan Partnership has taken an in-depth look at 16 digital shopping tools to assess which is having the biggest impact on consumer shopping behavior and customer satisfaction heading into 2014. Perhaps most notably, the Ryan study found...
