07 March 2014 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. In today’s...
07 March 2014 OnDeck, which provides alternative loan services to small-and-medium sized businesses (SMBs), has successfully closed a $77 million growth investment round led by Tiger Global Management. Tiger joins existing investors Google Ventures, RRE Ventures, Industry Ventures, SAP Ventures, First Round Capital, Peter Thiel...
07 March 2014 The technology that powers Cardinal Commerce’s latest expansion of its Universal Merchant Platform is now patent-protected in the United States. The Universal Merchant Platform allows for the secure processing of customer information in ecommerce transactions. “This new patent shows Cardinal’s Customers that,...
07 March 2014 Braintree says it will waive the standard 2.9 percent plus 30 cents in processing fees for transactions among members in its new Ignition program. The free deal originally was good for the first $50,000 in transactions processed and for a limited 1,000...
07 March 2014 Yesterday, after years of speculation – outlandish and sensible – the brain behind bitcoin was finally unmasked. Newsweek reports that the inventor of Bitcoin, known heretofore only under the pseudonym “Satoshi Nakamoto,” is really Dorian S. Nakamoto. But wait. Later in the day, the...
07 March 2014 India’s leading ecommerce site, Flipkart, has recent surpassed the billion dollar mark in its annual Gross Merchandise Value (GMV). This represents a 100 fold increase from the companies initial GMV of $10 million in 2011. “With this scale, we are in a...
Wells Fargo is developing a vocal recognition system to be used with its digital banking platform. While still in the experimental phase, the system would allow users to navigate the banking platform by using voice commands, The Charlotte Observer reported on Jan. 23. Wells Fargo...
Legalized for medical consumption in 20 states and for recreational use in Colorado and Washington, marijuana is still federally classified as a Schedule 1 narcotic. And federal rules prohibit federal banks and credit card companies from processing pot-related transactions. As such, dispensaries and growers cannot...
Like many emerging mobile-based products today, beacon technology, which enables merchants to identify specific customers in or near their stores, has potential to greatly improve customer relations. But it’s highly untested, and improper execution could do more harm than good. Because beacons, which uses Bluetooth...
