Digital banking has been slower to ignite in the U.K. than originally predicted, according to a survey from Accenture. Despite the fact that British banks have been shuttering branches in response to the reported growing popularity of digital channels, as it turns out, British consumers...
improvements in the performance of food-benefit distribution through the agency’s Supplemental Nutrition Assistance Program. Trafficking fraud is at a record low, assisted greatly from electronic benefits transfer card initiatives that have helped state and federal agencies to track transaction activity and identify fraudulent retailers more...
According to a recent study by Oracle, 60 percent of B2B online buyers name pricing complexity as their main business challenge. Regular consumers expect to know what and when they are paying, and are used to customizable pricing, but up until now that experience was...
Sotheby’s and eBay are partnering up to bring a taste of high-end, big ticket auctions to the auction website that built its reputation on the vast array of Star Wars lunchboxes it initially made available to its user base. Get the Full Story Complete the...
Financial Times columnist John Gapper got a check for a dollar in the mail which prompted him to write a piece that more or less portrayed the US as being total Luddites in the payments innovation department. Well, in a true case of payments patriotism...
In another PYMNTS first, we’re going to bring you weekly scoop on ALL of the investments in the payments space – VC funding, strategic investments, buybacks, acquisitions – for both retail and commercial payments. This week we summarize all that happened in the month of...
Fighting the trend that has seen millennial consumers—those aged 18 to 34—increasingly pulled away from traditional banking channels in favor of all digital methods of storing, moving and using money like Google Wallet or PayPal; one Chicago area bank is officially rolling out a digital...
Times have changed since Discover and American Express both helped the U.S. Justice Department prove its case that Visa and MasterCard exerted too much competitive influence in the card market by preventing banks from issuing cards carrying their brand marks. Now Discover has turned against...
In their latest filing with the Securities and Exchange Commission clarifying the Chinese e-retailers forthcoming U.S. IPO, chairman Jack Ma more fully explained the circumstances under which Alipay—the erstwhile payments arm of the company—was spun off from the core business. Get the Full Story Complete...
