China’s two biggest Internet companies, Alibaba and Tencent, have called a truce in their six-month war to capture customers for their respective taxi-hailing apps. Total cost: more than 2 billion renminbi ($325 million), the Financial Times reported. Get the Full Story Complete the form to...
The number of jobs on banks’ anti-money laundering teams is up 54 percent in 2014 year-to-year in the U.K. following a string a scandal and heavy fines for British Banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
According to a new poll by ID security firm Intercede, the people have spoken but it is not in favor of mobile banking or shopping. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In 2007 m-Pese launched in Kenya and changed the face of money transfer on the continent of Africa. Today, the mobile payment service handles $18 billion in transactions annually, mostly from the nation’s small business owners—tech entrepreneurs cab driver and cow herders who taken together...
Another bidder has stepped into the ring to scoop up discount merchant Family Dollar. 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...
Mobile POS startup SumUp has pulled in more than $10 million in a Series C financing round, but is also shedding two of its founders, according to Finextra. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Ryanair will be offering air passengers the ability to purchase tickets with PayPal. 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 Today....
Digital security solutions provider Oberthur Technologies (OT) announced today that it has signed an agreement to acquire NagraID Security SA, according to an Oberthur release.
The government’s anti-trust case against American Express is predicated on a straight-forward concept: retail card fees would drop if Amex abandoned its exclusivity strategy. An economist argued to the federal judge, though, that such a premise is flawed and “has a gaping hole in it.”...
