The EMV migration is the next big thing in the payments forecast. Soon, the U.S. will join more than 80 countries that have already implemented the technology, and the security solution is now a foundation for a wide range of new innovative services enabled via...
Guess what. Fraudsters don’t discriminate: small and large merchants are equally at risk. But many small merchants don’t think so and are taking a “wait and see” approach to implementing new fraud solutions, citing cost, complexity and “I’m too small to matter to fraudsters” as...
High-end retailer Nordstrom’s is soliciting partners for its store-branded credit card. Potential partners include Capital One, Toronto-Dominion Bank, CitiGroup, and JPMorgan Chase & Co, note sources close to the matter who asked not to be identified in Bloomberg’s original reporting on the story. The total...
In a surprising move, eBay is allowing sellers to cancel auction transactions for an 11-day period–as long as they used PayPal to finance the original transaction. The move follows a recent hacking of the e-retailers customer database. However, if buyers didn’t use PayPal to pay for...
PayPal users ought to be particularly vigilant about phishing scammers. A new report released by the CYREN GlobalView Security Lab revealed a 73 percent increase in the number of phishing attacks aimed at PayPal users. Get the Full Story Complete the form to unlock this...
As part of a new government plan to reduce money laundering, cash transactions between businesses in Israel will be limited to 5,000 shekels ($1,400) by law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Finland is hoping to establish a real-time payments system and is looking for partners to build it with. The country’s current system “Pops” has been in place since the 1990’s and rapidly becoming obsolete, according to the Federation of Finnish Financial Services, which maintains the platform,...
Revel Systems – a California-based iPad point-of-sale maker is now offering drive-through accessory options that now make it possible for businesses to work with “drive through” customers without the use of a central server and complicated dedicated systems. Restaurants can upgrade to the service for only...
The Army & Air Force Exchange Service (AAFES) wants to help veterans shop online. AAFES is the U.S. military’s largest retailer and it wants the Pentagon to allow it to offer online shopping to all honorably discharged veterans. Currently the site can only be used...
