News

News
Wireless Wristband Fanatics, Rejoice!
June 10, 2014

Barclaycard announced earlier this week that it is launching a contactless payments wristband. According to The Telegraph, the “bpay” band uses the contactless payment technology in Barclays’ credit and debit cards. Consumers can make payments by scanning the wristband against one of 300,000 UK terminals....

Alternative Finances
BitPay Looks To Future With New Exec
June 10, 2014

Earlier this week BitPay announced that it had named Tim Byun as its Chief Compliance Officer. According to a company statement that Byun began his new duties on June 2 at the Digital Banking Summit conference. Get the Full Story Complete the form to unlock...

News
Report: Cybercrime Costs Global Economy Over $400 Billion Annually
June 10, 2014

Internet security company McAfee recently announced that the annual global cost of cybercrime is estimated to be anywhere from $375 billion to $575 billion, with the actual figure likely tipping above $400 billion. According to a recent McAfee survey, not only does cyber crime damage...

Controversial
Amazon Adds Support For Merchants’ Recurring Payments
June 10, 2014

Amazon.com on June 9 opened access to its Login and Pay with Amazon feature by enabling the 240 million cardholders in its database to pay recurring subscription bills from participating merchants. PayPal and Apple already support subscription-based payments, and some believe Amazon had to follow...

Mobile Commerce
Report: Only 3 Percent of Retailers Identify Customers In-Store With Smart Phones
June 10, 2014

While nearly three-quarters of retailer are planning to develop the capacity to identify customers when they walk in the store via their smartphones is a top priority for retailers, at present only 3 percent have the ability to do so right now, according to a...

Acquiring
PayPal’s Marcus Moves To Facebook
June 10, 2014

Old news but new analysis. Check out Karen Webster’s take on the news that stopped the payments world from spinning on its axis for a little while yesterday.

A ‘Soft Space’ For Your Mobile Payment Solution
June 10, 2014

Another mobile card payment solution has hit the mainstream. However, Malaysia-based Soft Space is unique in that it decided to cater to the market in Asia. Additionally, Soft Space is the first payment solution in Asia to receive full EMV accreditation, which led to it...

Merchant Innovation
Banks Must Keep Pace In Increasingly Digital World
June 10, 2014

How can banks ensure that they are continuously meeting the needs of their customers? Especially in a world that is becoming more dependent on digital options? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Mobile Commerce
Brazilian Bank Launches EMV Prepaid Card
June 10, 2014

Banco do Brasil Amercas has partnered with payment processing and commerce solutions provider i2c, Inc. to launch a prepaid EMV card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...