News

Europe
UK Mobile P2P Scheme Gets 1M Users In First 100 Days
August 07, 2014

The Paym service seems to be taking off among British banking customers. More than a million users have signed on to use the service, which allows (U.K. equivalent) ACH transfers of funds between mobile numbers. Get the Full Story Complete the form to unlock this...

Merchant Innovation
A Banking App Using Augmented Reality?
August 07, 2014

The terms “augmented reality” and “banking app” are not typically found in the same sentence, but a New Zealand bank app made an exception. Starting in September, customers will be able to manage their accounts “by sliding their credit or debit card under their phone,...

Europe
Blackhawk Lands Another Mobile Gift Card Deal
August 07, 2014

Blackhawk Network is partnering with Barclays Bank to enable merchant gift cards as a choice on the Pingit mobile payments app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
ICC Annual Survey: Trade Financing Improving But Not Quite Recovered
August 07, 2014

Global trade financing is headed back to normal after the trade collapse of 2008-09 — but it’s not there yet. That’s according the data from 298 banks in 127 countries that were surveyed for the International Chamber of Commerce Banking Commission’s annual report on cross-border...

Users Prefer PayPal, Google, Amazon For Digital Identity
August 07, 2014

Employers worldwide are warming up to the idea of allowing workers to bring their own identity (BYOID), even when it comes to logging in for work-related functions. New research jointly supported by CA Technologies and the Ponemon Institute indicates that IT departments are increasingly comfortable...

News
Amex Drops Black Card Lawsuit
August 07, 2014

American Express has given up its bid to wrest total control of the “Black Card” brand name from Netherland’s registered Israel-based coffee producer, which owns the Black Card coffee trademark.  A court dismissed the case after AmEx withdrew its action. Get the Full Story Complete...

Cool
Could Apple Reinvent Restaurant Reservations and Payment?
August 07, 2014

OpenTable reinvented the restaurant reservation dining scene 16 years ago and more recently introduced mobile payments into the mix. But is Apple next up to reinvent the dining experience for hungry people and restaurateurs? MPD CEO Karen Webster shares two separate but related data points...

Merchant Innovation
Twitter Shopping Service Leaks Out Through App Feature
August 07, 2014

If Twitter is trying to keep its imminent commerce plans confidential, it should probably clue in its mobile app developers, who have made visible a preference option for “payment and shipping” in its Android app. (It’s apparently not been yet made visible in the iOS...

Mobile Commerce
Another OpenTable Competitor Launches – And Its Mobile
August 07, 2014

Up until now, Sosh has functioned as a recommendations app focused on helping users enjoy the city they find themselves in through general recommendations.  The service is now refining its offering with the launch of Sosh Concierge, which is squarely focusing its attention on restaurants....