News

Cool
Credit Card Fees Are Up, But Then So Are Rewards
April 14, 2014

Credit card interest rates are on the rise, but so are the rewards issuers are offering cardholders. In fact, a lot of the terms today heavily favor cardholders. But don’t expect consumers to turn to credit card cash-advances any time soon. Those fees are way...

News
FanWise Turns Old Vending Machines into Social Media Powered Systems
April 14, 2014

There’s a new FanWise technology that was introduced this week which allows vending or arcade games to get paid by a Tweet or a Facebook post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Mobile Commerce
Korean Credit Card Companies Will Pay for POS Upgrade for ‘Mom and Pop Shops’
April 14, 2014

The Financial Supervisory Service (FSS) in South Korea announced on Friday that local credit card companies will help over 650,000 mom-and-pop stores pay for ENVY compliant terminals by 2015, according to The Korea Times. Get the Full Story Complete the form to unlock this article and...

Commentary
The $160 Billion Burning a Hole in Apple’s Pocket
April 14, 2014

Everyone’s favorite payments parlor game is speculating about what, if anything, Apple plans to do in the mobile payment space. Just last week, we heard the 4th, or was it the 6th time, that it will launch the iPhone 6 with NFC capabilities. Surely, with...

Hmmm
Report: Apps Taking Up More Of Consumers’ Mobile Time
April 14, 2014

Consumers on average spend nearly three hours a day on their mobile devices. Whereas only a few years ago mobile Web browsing consumed much of that time, apps now control the mobile experience – even more so than just a year ago, according to an...

Controversial
Retail’s $30 Billion Problem
April 14, 2014

Trolls aren’t just those so-ugly-they’re-cute creates that live under bridges in fairy tales. Patent trolls hide in the background waiting for the day that an innovator launches something new, besieging them with claims of patent infringement, many of which end up being erroneous. It cost...

News
New Mobile Payment App Allows Multiple Functions and Admin Control for Enterprise
April 14, 2014

Shift4 Corporation has announced VT4, a new app that turns mobile devices into a convenient point of sale for enterprises. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

News
Wells Sees Boost In Household Credit Card Penetration
April 14, 2014

Wells Fargo & Co. on April 11 reported a jump in first quarter credit card penetration in its retail banking households, to 38 percent, up from 34.1 percent a year earlier. The issuer also noted a 9 percent jump in its overall average consumer credit...

News
Chase Reports 4% Dip In Q1 Card Unit Revenue
April 14, 2014

JPMorgan Chase & Co.’s Card, Merchant Services & Auto unit on April 11 reported a 4 percent drop in net revenue for the first quarter ended March 31, to $4.5 billion. Net income also was down, by 15 percent, to $1.1 billion, driven by lower...