A software glitch on Friday night (Dec. 12) in the U.K. caused “thousands of items” sold by third-party vendors on Amazon to be prices at one penny—and holidays shopped grabbed the bargains. This caused huge problems for many smaller merchants who are paying the ultimate...
Big players in the payments space tend to have a knack for disrupting every market they enter. Look at Amazon and retail or Uber and cab services. They’ve stepped on the toes of businesses — big and small — undercut business models, and managed to...
There’s a lot of untapped potential in the Nigerian commerce market — which is growing — and MasterCard has discovered a marketing niche with the country’s national high-tech e-ID card pilot project. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As financial institutions face the growing list of Know Your Customer rules – aimed at combating money laundering – SWIFT just launched its latest tool to aid banks’ transparency and compliance efforts with the KYC regulations. Get the Full Story Complete the form to unlock...
Ah, yes, it’s the most magical time of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
China’s Tencent Holdings will be the first of five Internet firms to open its private banks to clients, Reuters reported late on Friday (Dec. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Backslash has made sending bitcoins easy and convenient by leveraging social media platforms with their new peer-to-peer bitcoin wallet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Enhanced functionality. Ubiquity. A business case. Three things that NACHA CEO and President Jan Estep says makes NACHA’s Same-Day ACH payments proposal not only attractive to the FIs and the payments ecosystem but a whole lot different from the proposal that was presented to banks...
Electronic check processor MyEcheck has sued four financial securities companies for having 1.44 billion shares of MyEcheck’s stock fraudulently issued, the company announced last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
