News

News
UK Raises Contactless Spending Limit to £30
February 09, 2015

The growing popularity of contactless payments in the U.K. has propelled the spending limit on contactless cards to be raised by £10 to £30 starting September 2015. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

The Social Commerce Emerging Market Share
February 09, 2015

Facebook currently reaches more than 1 billion people, but what CEO Mark Zuckerberg really wants is to reach is the whole world. So far, he’s about 6 billion short. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Creditcall Partners With NXP For EMV Kernel Collaboration
February 09, 2015

Payment gateway provider and EMV migration specialist Creditcall, which has more than 15 years of EMV experience and one million EMV Kernals deployed worldwide, recently announced its collaboration with NXP Semiconductors N.V., supplier of contact and contactless interfaces.

Mobile
Banks May Use Retail Beacons To Benefit Own Apps
February 09, 2015

Are banks ready to hone in on mobile offers delivered via beacons? Beacon network Mobiquity is hoping that’s the case, Mobile Commerce Daily reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Loyalty & Rewards
Wendy’s Serves Up New Mobile Payments System
February 09, 2015

Wendy’s is looking to payments as a way to pull customers in and keep them returning. The fast-food chain is installing a standardized point-of-sale system in more than 2,600 locations to use as a mobile marketing platform, Mobile Commerce Daily reported. Get the Full Story...

Acquiring
MasterCard, Visa Win Back Crimea Payments Market
February 09, 2015

Once transaction processing for Visa and MasterCard has been transferred to the new Russian National Payment Card System in April, the cards will again function in Crimea, a Russian government official said on Friday (Feb. 6). Get the Full Story Complete the form to unlock...

Consumers Rack Up $5.8B Credit Card Debt To End 2014
February 09, 2015

U.S. consumer borrowing rose by $14.8 billion in December, including a big rebound in credit-card debt during the holidays after a drop in November, according to a monthly report from the Federal Reserve released Friday (Feb. 6). Get the Full Story Complete the form to...

International
Major Cyber Attacks Crippling Private Insurance Firms
February 09, 2015

Just hours after Anthem, the second-largest U.S. health insurer, announced it had suffered a massive security breach, the largest Lloyd’s of London insurer said cyber attacks are now too big for private insurance companies to handle, according to the Financial Times. Get the Full Story...

Loyalty & Rewards
Cash-Back Site BigCrumbs Is Offline After User Accounts Were Breached
February 09, 2015

Cash-back shopping service BigCrumbs.com will be offline for as long as three weeks after discovering that some of its members’ accounts had been compromised — even though the site itself doesn’t appear to have been breached, ECommerceBytes reported. Get the Full Story Complete the form...