Alibaba is taking a $590 million stake in a Chinese smartphone maker, Meizu Technology Co, that is virtually unknown internationally as the megafirm continues to explore ways to expand its mobile reach in a tightly competitive market. Get the Full Story Complete the form to...
A partnership between Lending Club Corp. and a consortium of small U.S. banks is expected to be announced later this morning (February 9) in a joint effort to reverse a trend where banks have the market nearly cornered when it comes to making loans to...
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...
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...
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.
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 —...
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...
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...
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...
