It’s sort of a Catch-22 situation: a new B2B seller is doing so well, it doesn’t have needed cash flow because of invoicing that allows buyers to pay off their debts in 30 to 60 days. Factoring, however, is playing a role in helping such...
The leading users of mobile payments in the U.S. are the people who also use prepaid cards, according to a report titled “Prepaid and Gift Cards in the U.S.” by market-research publisher Packaged Facts. Get the Full Story Complete the form to unlock this article...
Mobile banking and payments company Monitise is tightening its new alliance with IBM, transferring hundreds of its U.K.-based professional services staff to IBM, according to Finextra. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Dairy Queen’s 4,500 franchised stores appear to be the source of the latest payment-card breach, according to Krebs on Security. The Minneapolis-based fast-food chain said it hasn’t heard any breach reports — but it also doesn’t ask franchisees to report breaches to headquarters. Get the...
Uber gave burner iPhones and credit cards to contracted “brand ambassadors” as part of a campaign to sabotage Lyft’s launch in New York, The Verge reported on Tuesday (Aug. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Online loan company LendingClub is chasing a half-billion-dollar IPO, according to an SEC filing the company made Wednesday (Aug. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
UK publisher IPC Media and Silicon Valley mobile payments startup Boku have partnered to create a “Text-to-Pay” package that will offer IPC’s top print magazine subscriptions to individuals via text, according to a Boku announcement released today. Readers can subscribe by texting a keyword to...
Starbucks, which has been experimenting with its Pick of the Week promotion that lets customers download music and apps while in a Starbucks store, is again trying something new: This week’s Pick of the Week for iOS users is an in-app purchase, 9 to 5...
The attack, which stole copies of gigabytes of banking and checking account details, hit JPMorgan Chase & Co. “and at least one other bank,” Bloomberg reported Wednesday (July 27). Bloomberg and other news services said that investigators are exploring whether the attack came from Russian...
