Competitor Alibaba may get all the attention but investors in home country rival Tencent had some reasons to feel fairly good about their pick this week. Though the company’s first quarter earnings are a bit of a muddle due to some highly complex deals and a...
The Mexican loan calamity; wherein Citiigroup’s Mexican extension Banamex loaned $400 million to a company that could not pay them back, has thus far has been equal part expensive, embarrassing and generally damaging for the company. The scandal has now has claimed its next round of...
More than just a home for daily deals and highly price-conscious shoppers, Groupon is aiming to be a major e-commerce player and a first choice web destination for consumer goods of all kinds. If only they didn’t then have to ship them to consumers. Get...
Sift, a company that prides itself on “forgetting the rules to fight data fraud,” has just closed an $18 million Series B round of funding led by Spark Capital, with participation from Max Levchin, Union Square Ventures and First Round Capital. Sift helps merchants identify credit card...
According to new data released by consulting firm Bain & Company, 55 percent of British internet users are aware of mobile payment options, but only 3 percent have actually used their mobile phones to pay for transportation or goods in real life. This data dovetails nicely...
Fiserv has received its second patent from the U.S. Patent office for its Predictive ScoresSM product. Predictive Scores is intended to help financial institutions identify and approach customers with the right product or service. It also helps business identify the best channels to reach customers over. Get the...
If it is your job to prevent malware attacks against a point of sale system, it has undoubtedly been a long year. In breach after breach, cyber-criminals get into a corporate server and then stay around. In the case of both the Neiman and Michaels...
Mobile wallets are convenient, but apparently not that convenient, consumers say. While more and more of them are choosing among a growing selection of mobile wallet apps, a recent TSYS study indicates that consumers are still hesitant to completely chuck their physical cards and physical...
In the era of the digital age, everything happens instantly. Emails, texts, tweets and posts are flying back and forth and immediate access is the new expectation. Now customers want to see speed in their payments as well and be able to make high-speed payments...
