News

Mobile Commerce
Westpac Considers Replacing Physical Cards With Digital Ones
July 23, 2014

Westpac claims that it is now the first bank in New Zealand to begin a trial period of HCE mobile payments, expected to launch early next year. The three-month trial involves 40 staff members, and will enable users to make payments via NFC enabled Android...

Controversial
What Consumers Buy Online, And What They Use To Do It
July 23, 2014

The near ubiquity of smartphones and tablets is affecting consumers’ shopping habits, as a new Harris Poll points out certain technology preferences consumers have in buying stuff online. Still, consumers have their preferences on what to buy in stores as well, and age differences also...

B2B Payments
Is The UK About To Have A Supply Chain Crisis?
July 23, 2014

According to at least one industry expert, the answer to that question is: yes. 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 our daily newsletter, PYMNTS...

Merchant Innovation
Amazon Launches New Digital Wallet, Sort Of
July 23, 2014

Amazon is nowhere near finished in terms of offering customers the latest and greatest digital payment options. According to Payments Source, Amazon released a beta version of a digital wallet for Android and Fire phone users. Get the Full Story Complete the form to unlock this article...

Acquiring
Cardtronics Acquisition Adds 26k ATMs To Its Network
July 23, 2014

Cardtronics, Inc. announced its acquisition of Welch ATM for $160 million. According to a company release, the acquisition will add 26,000 U.S. ATMs, will bring together a combination of complimentary customer bases and sales capabilities, and will combine leading providers of ATM services to Walgreens...

Acquiring
North American Bancard Launches Velocity Payments Platform
July 22, 2014

North American Bancard (NAB) announced today that it is offering in-house integrated APIs for technology partners and merchant customers through payment platform Velocity, according to an NAB release.

Company Spotlight
The mPOS Retail Makeover
July 22, 2014

So, whaddaya know? Big retailers and micro-merchants have the very same goals: serve their customers where their customers want to buy. And mPOS is the tool they are both using to deliver that proposition. For instance, big retailers no longer think of “line busting” as...

Acquiring
Taking The Pain Out of Merchant Onboarding
July 22, 2014

“If PayPal can board me in 5 minutes, why can’t my acquirer?” Automating the boarding and underwriting process has completely reinvented what used to take days (even weeks) and cost a lot of money. But does it save time at the expense of other downside...

Alternative Finances
GE’s $3 Billion Synchrony Flotation Plan
July 22, 2014

General Electric announced plans for a $3 billion flotation of one of its consumer finance operations later this month, according to a gulfnews.com article. The move is part of CEO Jeff Immelt’s efforts to reposition the company as an industrial group after its deal with...