News broke yesterday about Amazon’s plans to sell a branded dongle at Staples, making it the 123rd player to enter this very croweded space. But while a giant player could become a powerful new entrant, SMBs are starting to show a change of heart towards...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. Get...
More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13). That number is partially based on EMV shipment plans from nine key card issuers:...
Although it is not impossible for SMEs to secure loans, doing so can be a struggle, particularly for start-ups with limited credit history. Across the globe, other financing options–like asset-based financing–are continuing to grow in popularity. Is asset-backed financing still a strong option for business...
A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...
Russia is a cash society. Only 20 to 25 percent of Russian adults have bank accounts. Just 15 percent had credit cards in 2011, and 90 percent of those cards are used only for withdrawing cash. For big purchases, bringing along a suitcase of rubles...
Want to make payments with a smart phone? Are you one of the 85 percent of consumers using Android OS? It’s a good news, bad news kind of morning. On the upside, there is the Blackphone out there—a security enhanced modified Android OS phone that...
The PCI Council, which rules payment-card security, just issued new guidelines for how to outsource payments-related work to third parties. The message: You can't just hand off security and forget about it.
In the apparel industry, suppliers are taking on a bigger role in retailers’ product management. One apparel sector expert see suppliers as becoming more of an inventory manager for their retail clients. Accounts-receivable factoring also is taking on increased importance as retailers seek greater controls...
