News

Mobile
Belgium Banks Back QR Mobile Payments
December 09, 2014

With an eye on in-store, in-app, online and P2P payments, Belgium’s largest banks are backing a QR code-based mobile payments app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
Walmart China Resists Online Operations
December 09, 2014

Walmart’s China operations are running into internal resistance as the chain tries to embrace very Web- and mobile-friendly shoppers in China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Europe
Russian Payment Card To Materialize Mid-Month
December 09, 2014

Russia’s National System Of Payment Cards (NSPC) will materialize and start accepting payments in mid-December, according to a report Monday (Dec. 8) in a prominent Russian business newspaper, the Vedomosti. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Tencent Responsible For 20 Percent Of Online Transactions During Q3
December 08, 2014

According to a new reports from iResearch, Tenpay, the payments arms of  Chinese web giant Tencent, had a 20 percent share of the online payments market as of Q3 2014. Their main rival Alipay, owned by Alibaba, still has a commanding lead of payments online in...

News
Apple Exec Sentenced To Three Years For Selling Corporate Secrets
December 08, 2014

Paul Shin Devine, a former Apple global supply manager, has been sentenced in a San Jose federal court. Devine was  convicted of wire fraud, conspiracy and money laundering in relation to selling Apple iPhone and component secrets nearly three years ago. Devine reportedly made millions...

Apple Pay And McDonald’s Employees Can’t Seem To Get Along
December 08, 2014

Apple Pay is not only confusing the heck out of the McDonald’s staff but it’s also leaving a bitter taste with iPhone 6 users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Mobile
Pepperoni Payments Peril: Massive Payment Swindle Used Mobile Pizza
December 08, 2014

It’s long been common practice for cyberthieves to test stolen cards online, often with a tiny charge on a charity site, to quickly determine which have been shut down and which are still valid. But the latest tactic involves ordering pizzas from Domino’s—OK, so food...

Mobile
Carriers Must Stop Phone Thefts, Says FCC
December 08, 2014

The Federal Communications Commission wants wireless carriers to do more to stop the million-plus smartphone thefts in the U.S. every year, the Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Luxury Goods P2P Marketplace Aims To Attract Professional Sellers
December 08, 2014

Poshmark, the P2P luxury marketplace that allows women to shop for items from each other’s closets, has added a new service targeted at brining in a new e-Commerce audience: professional sellers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...