Apple Pay has the potential to influence the direction of a lot of things in payments, and today, we’d like to add “omnichannel” to the list. While the tech giant is brand new to payments, its ability to mobilize an ecosystem is above all others....
What do you do when you’re the largest payments company on the planet and every aspect of payments is undergoing huge global change? You try and identify the biggest and most threatening of these changes and try to either partner with it or do what...
As part of an effort to push its mobile payment app as deeply into retail as possible, China-based Tencent Holdings has increased the size of its minority ownership of a shopping mall and logistics developer. Get the Full Story Complete the form to unlock this...
An aggressive technique to encourage consumers to make their car payments on time is riding a popularity wave among lenders. The technique is to install something called a starter interrupt device, which remotely prevents the car from functioning. Get the Full Story Complete the form...
FiveStars, a 3-year-old loyalty reward firm focused on small businesses, has raised $26 million. “Menlo Ventures led the Series B investment, joined by the company’s earlier backers Lightspeed Venture Partners, DCM and Rogers Communications,” the Wall Street Journal reported. Get the Full Story Complete the...
The Federal Reserve Bank of Boston has created a working group to study the implications of using digital account tokens to replace card numbers, for both in-store and E-Commerce use. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Postal Service has been delivering groceries for Amazon and has decided it wants to do a lot more. The agency this week, according to The Wall Street Journal, asked the Postal Regulatory Commission for permission for a 2-year test of the plan in...
If adopting the ISO 20022 universal financial messaging system for B2B payments is a chicken-and-egg problem, SEPA seems to have cracked it in Europe. Messaging providers have gone live in at least 11 European countries under the Euro zone’s Single Euro Payments Area initiative, according...
Predictive analytics firm Context Relevant has secured backing from some familiar banking players. The $13.5 million in new funding, on top of $21 million announced four months ago, comes from Bank of America Merrill Lynch, Bloomberg Beta, Goldman Sachs, Formation 8 and New York Life,...
