Uber has launched an experimental on-demand service that it is rolling out first to customers in the Washington, D.C., area where it will offer to pick up and deliver products on demand in addition to its traditional transportation service. Get the Full Story Complete the...
Square Inc. said Tuesday (Aug. 19) that it has secured an unspecified investment from Victory Park Capital and that it plans to use the money to expand its Square Capital small-business financing program. Get the Full Story Complete the form to unlock this article and...
PayPal has unveiled a new mobile app feature that lets shoppers pay with a single touch to their screens. The feature, dubbed One Touch, will also be available for mobile apps of PayPal-accepting merchants, according to Re/Code. Get the Full Story Complete the form to...
Online movie-ticket vendor Fandango and credit-report site Credit Karma face 20 years of security assessments as part of a settlement of charges that they exposed customers’ personal information to identity thieves, the U.S. Federal Trade Commission announced on Tuesday (Aug. 19). Get the Full Story...
The mobile-money service M-Pesa is finding itself in a price war. On Tuesday (Aug. 19), Vodafone subsidiary Safaricom said that it would slash its fees by as much as 67 percent, in anticipation of imminent price competition from a similar service coming from Equity Bank,...
Three payment firms announced on Tuesday (Aug. 19) that they were launching a PCI-friendly point-to-point encryption (P2PE) payment option. 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...
“Breaches are pretty much a daily occurrence now,” says Jonathan Hancock, Director of Fraud Management Solutions for TSYS, “and consumers who haven’t been hit personally are numb to the news.” But here’s the great irony: When something does happen, consumers blame the retailer, but expect...
How about some math this morning? The average cost to process a paper check is $1.85, and the average cost to produce it is $1.50. That means that managing paper-based payroll systems costs check-dependent businesses around $55 billion a year. Mark Putman, SVP of Prepaid...
EMV is getting real in the US as consumers are now getting chip cards in the mail. But if it’s going to take many years before all merchants are able to accept chip cards and all consumers carry them, why not skip straight EMV and...
