Chang Chew Soon, founder and CEO of Malaysia-based mobile card payment solution Soft Space, whose core product is an m-POS, explained the success of his company in South East Asia. He says that although smartphone penetration in some countries is not high, absolute numbers of...
A report by the UK Card Association shows that 74.5% of retail volume transactions (GBP 520 Bn) in UK were made using payment cards in 2013 vs. 46.5% in 2003. At the same time outstanding credit card debt was reduced to GBP 56.4 Bn vs....
Ping An Group, one of the largest insurance players in China, invested USD 5 M in USD-30m-fourth-round financing of Payoneer, an online payments firm that facilitates cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Merchants today are taking an interest in EMV like never before. But with the card networks’ mandated liability shift more than a year away, those retailers making upgrades today often have broader security interests in mind. For one top terminal maker, citing EMV just makes...
While 90 percent of small businesses have a presence online, only 10 percent can leverage it into sales. Moreover, while small and midsize business owners say they think about moving their account receivable, accounts payable and payroll functions into an electronic instead of paper-based system,...
Last week’s Apple WWDC keynote has prompted a bunch of Monday morning quarterbacking with respect to Apple’s plans for devices, software and even payments. Although Tim Cook’s and Craig Federighi’s keynotes were devoid of any direct reference to how Apple would pursue “payments,” (even disappointing...
In a recent blog post, several FTC staffers noted that the changing competitive landscape online commerce is creating is affecting the agency’s examinations for potentially anticompetitive deals. Sometimes, though, the competitive influence of two merging companies still can be determined by looking at only one...
Apple has announced its purchase of Spotsetter, a social search engine that uses big data information about locations around users to make personalized recommendations about places to go and see. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
What does it take to be one of the best ERP software vendors? Gartner recently released its top picks for ERP software vendors, naming Workday, Workforce Software and Cornerstone OnDemand the top three, respectively. The top four firms are also all SaaS companies. Get the...
