News

News
The Rise Of The Wearables
June 24, 2014

“Token” is the latest in the wearable technology trend that is starting to take the world by storm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Controversial
Report: Domestic Payment Schemes Offer Key Advantages Over Visa and MasterCard
June 24, 2014

Russia’s move to create a national payment card scheme may not be simply a political ploy. A new report suggests local payment networks also provide lower-cost options to international payment networks, and they can offer products and services better suited for local needs.

News
Heartbleed’s Heartache: Not Over Yet
June 24, 2014

While the infamous Heartbleed virus reared its ugly head back in April, a recent report showed that over 300,000 unpatched servers could still be at-risk. According to Errata Security’s Robert Graham, efforts to patch remaining systems are slowing drastically. Get the Full Story Complete the...

Will Alibaba Raise $26B In Its U.S. IPO?
June 24, 2014

The latest forecast from Morning Star is out for Alibaba’s IPO, and it is a whopper. According to The Wall Street Journal, the firm puts Alibaba’s equity value at $220 billion and predicts that the Chinese e-commerce mega-retailer’s IPO has raised $26 billion. Get the Full...

B2B Payments
Study: Hospitals Want Payer Partnerships
June 24, 2014

A recent report from ITG Market Research interviewed hospital executives to see how those organizations view their financial performances and what new approaches and healthcare IT solutions are being utilized to cut costs and capture value from efficiency and quality control tools. Get the Full...

B2B Payments
Dubai Adds Electronic Links To Government-Vendor Payments
June 24, 2014

Dubai’s government is continuing its efforts to make its systems “smarter” by taking paper out of its invoicing and payroll activities. Under an agreement with Dubai Islamic Bank, vendors now may send their government invoices through the financial institution for processing, speeding the process and...

International
Russia Payment Saga Continues
June 24, 2014

According to Russia’s First Deputy Prime Minister Igor Shuvalov, the nation will reduce the size of deposit payments required for Mastercard and Visa to operate in Russia. The announcement comes nearly one month after Russia President Vladimir Putin signed into law that foreign service providers...

Cool
Operation Choke Point Moves To Change What Types Of Legal Businesses Banks Will Interact With
June 23, 2014

Payday lenders, pornographers and ammunition dealers are not most people's favorite parts of the economy; though there are few who actually want all of those things made wholesale illegal and the federal government is not trying outright ban any of them. It does seem, however,...

Commentary
To Disrupt or Not To Disrupt: Is That Really The Question?
June 23, 2014

It is hard to imagine Harvard professors as anything but the sorts of people inclined to shop at J. Crew and with excellent manners. So naturally it comes as some surprise when one Harvard professor accuses another of popularizing a signature theory that she believes...