News

News
The End Of Apple’s Bitcoin Ban A Boon For Coin Pocket
June 16, 2014

Now that Apple has made a home for bitcoin apps in the app store, a new app – Coin Pocket – is climbing the charts. Since Apple lifted their ban on such apps earlier this month, the app has climbed to the 74th position in...

Merchant Innovation
Chase Replacing 8,000 Jobs With 600 ATMs
June 16, 2014

JP Morgan Chase is prepared to axe 8,000 mortgage and retail banking jobs with the introduction of new electronic banking kiosks (EBKs) that perform a range of functions from cashing checks to belching cash in desired denominations. Get the Full Story Complete the form to...

Alternative Finances
Convicted Hacker Finds PayPal Bug?
June 16, 2014

A PayPal policy loophole, which can be exploited to fraudulently double money, became common knowledge when a convicted former NASA hacker reported it to the bug bounty team at PayPal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Mobile Commerce
Saudi Arabia Sees Record E-Commerce Growth
June 16, 2014

According to estimates from Visa, Saudi Arabia had a 43 percent increase in e-commerce for the first quarter of 2014, as compared to the same period from 2013. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
When Suppliers Turn Into Lenders
June 16, 2014

Payments terms as long as 160 days? Don’t laugh. It’s what some suppliers in the events sector are being asked to accommodate, basically becoming lenders for those who don’t want to mess up their own cash flow. Is this a trend that could soon become...

Mobile Commerce
Coming Soon To Alibaba’s Tmall: L’Occitane
June 16, 2014

L’Occitane International, a maker of high-end skin care products, is in final negotiations with Alibaba to open up a virtual storefront on it Tmall site. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Fleet Management Company Updates Tracking System
June 16, 2014

Navman Wireless USA announced last week that it had added electronic driver log and driver vehicle inspection reporting (DVIR) options to its OnlineAVL2 fleet tracking system. The updated system is for corporate fleets that must comply with Federal Motor Carrier Safety Association (FMCSA) regulations. Get the...

News
Amazon: No Credit? No Problem!
June 16, 2014

Hopeful Amazon Kindle consumers who wanted a payment plan so they could purchase the coveted e-reader might be in luck. According to Amazon’s promotional page, customers can make five monthly payments instead of one lump sum at checkout, in order to buy a Kindle. Get...

Controversial
CFPB Targets Mobile Banking
June 16, 2014

Mobile banking is now under the CFPB’s spotlight in order to assure that access to mobile financial services is being applied equally in all sectors of the population. Independent of that action, a House committee has introduced several bills that would limit the CFPB’s powers...