Though available for less than a decade, peer-to-peer lending has been growing rapidly, a new report from the Federal Reserve Bank of Cleveland points out. Demand for the concept is particularly strong among consumers consolidating their card debt, as bankcard interest rates tend to be...
Wells Fargo plans to invest in technology startups focused on payments, fraud and bank operations, and will run a boot camp for up to 20 startups this year. The accelerator program will offer both mentoring and equity investments ranging from $50,000 to $500,000, the bank...
Worldwide, the use of convergent smart card programs is one the rise, according to new research from ABI. Convergent smart cards allow businesses or governments to combine a series of different use-types under a single card or device. An increasingly popular application of this technology...
Thumbtack, a site that connects consumers with artists, plumbers and singing coaches, connected itself with $100 million from the Google Capital fund, the search engine’s later-stage investment operation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Although some public retail companies this week reported better second-quarter same-store results than others, for varying reasons, the mood among the merchants’ executives was good. Helping drive those feelings are positive economic signs from July that have continued into August, while some, such as Target,...
Uber on Wednesday (Aug. 20) officially rolled out its API along with a list of 11 launch partners. 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...
Square will not require retailers to buy a new version of its Square Stand point-of-sale hardware for next year’s U.S. transition to supporting EMV “chip and PIN” cards, the company said in a blog post on Wednesday (Aug. 20). Get the Full Story Complete the...
Understanding consumer preferences, expectations and shopping patterns and mapping those to retailer capabilities is all about having access to data and lots of it. Right? Well, maybe not. Maybe, better data, delivered faster is the ticket to omnicommerce success. This month’s Vantiv Omnicommerce Tracker benchmarks...
The Kenyan government reportedly has launched an online system for submitting and evaluating procurement applications as it looking to become more efficient. The government’s goal also is to weed our corruption while also speeding up the procurement process. Get the Full Story Complete the form...
