News

PayPal Partners With Samsung On Mobile Pay By Watch
September 22, 2014

Though Apple gets all the press and glory, Samsung’s smartwatch is out there and may soon include a payments feature much like its Cupertino-born rival. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Former NBA Player Fakes An EasyPay Purchase To Steal $14K
September 22, 2014

Former NBA player Rex Chapman learned the hard way that sometimes a career change into criminality is more difficult than the television show Breaking Bad would lead one to believe.  Chapman was arrested on nine counts of organized retail theft and five counts of trafficking...

News
Green Dot Buys Tax-Refund Biz
September 22, 2014

Next year, Green Dot’s contract with Walmart expires, a troubling detail for the prepaid card company considering that for much of its fifteen year existence, the majority of Green Dot’s profits have come from its mega-retailer parent.  In recent years, that has amounted to 55-65...

Merchant Innovation
Could Apple Watch Drive Major Banking Changes?
September 22, 2014

Who wants a wearable?  So far the answer to that questions has been “almost no one,” as smart watches have failed to gain traction in the marketplace.  That could, however, see a change with the release of the Apple Watch. Get the Full Story Complete...

B2B Payments
Europe’s Fertile Fuel Card Hunting Ground
September 22, 2014

Some 20 to 30 years ago, every U.S. oil company ran its own in-house fuel card operation. Today, most outsource those operations. That trend has only just begun in Europe, where most businesses still operate their card programs internally. Get the Full Story Complete the...

Cool
Kmart Launches Free Layaway Program
September 22, 2014

Layaway, which was all but dead a decade ago, is increasingly the competitive weapon of choice for discount retailers. Kmart is wrapping up a no-down-payment layaway promotion for loyalty customers that appears specifically designed to undercut Walmart’s layaway. Get the Full Story Complete the form...

News
Neiman Marcus Buys Luxury e-Tailer
September 22, 2014

The Dallas-based high-end Neiman Marcus chain has paid about €150 million to take over Germany E-Commerce site MYTheresa.com, along with the E-Commerce operation’s flagship store in Munich. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
Did Home Depot Ignore Security Warnings?
September 22, 2014

Did Home Depot’s IT operation ignore—for years—internal warnings that it’s security was inadequate? A New York Times report, quoting various former employees of the home improvement chain, says that it did. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Innovation
Smile! MasterCard Toys With Mobile Facial Recognition For Payments
September 22, 2014

MasterCard is labeling “successful” a biometrics payments trial (facial plus voice) where more than 14,000 transactions were confirmed in a closed iOS and Android pilot using only MasterCard employees, according to a Computerworld report. Get the Full Story Complete the form to unlock this article...