News

News
Revel’s New Drive-By Payment Option
May 28, 2014

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...

Financial Inclusion
AAFES Is Looking To Expand Online Shopping Among Veterans
May 28, 2014

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...

Merchant Innovation
Facebook To Bank: We’re Not A Threat
May 28, 2014

Facebook has denied that it has any intention to compete with banks, in a move to calm concerns reported on last month by Commonwealth Bank of Australia boss Ian Narev that it poses a strategic threat to the big four banks. Narev is one of many...

Alternative Finances
Alt. Banking And Millennials, Perfect Together?
May 27, 2014

Nearly 40 percent of consumers 18 to 34 years of age would switch to a bank that lacked physical locations, according to two new reports by Accenture, reports the Financial Times.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Alternative Finances
Allegations Of Trading Irregularities Doesn’t Slow Current Bitcoin Rally
May 27, 2014

A bitcoin price rally is underway that over the last week has pushed the value of bitcoin up by around 25 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Mobile Commerce
Intuit To Buy Check Inc For $360M
May 27, 2014

Intuit Inc agreed to buy Check Inc. for $360 million in a deal that was signed on Friday, reports Reuters, who noted a Wall Street Journal report that cited people familiar with the situation. Intuit is the developer of tax-preparation software TurboTax, while Check Inc is a...

Europe
Post SEPA, Euro Board To Focus On Innovative Mobile Payments
May 27, 2014

The newly convened Euro Retail Payments Board (ERPB) is getting ready to create to working groups. The group’s area of study will be the role of mobile and ‘innovative’ payments methods. This will follow on the heels of the Eurzone’s SEPA migration. Get the Full...

Merchant Innovation
Patent-Troll Protections Gaining Momentum
May 27, 2014

A House Energy and Commerce subcommittee on May 22 held a hearing to discuss a bill it introduced that day that would enhance state and federal enforcement of fraudulent patent-demand letters, which the retail industry says costs the economy $30 billion a year. Get the...

Alternative Finances
Overstock CEO’s Angry Response on Taking Bitcoin
May 27, 2014

It looks like I poked the hornets’ nest and awakened the slumbering bear at the same time with my article last Friday about Overstock not really taking bitcoin. The hysterical reaction is puzzling since the point of my article is simple and no one, including...