News

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...

News
Ripple Labs’ Hopes to Build Best Global Payment Protocol
April 14, 2014

Ripple Labs is hoping to continue to gain support for a concept that moves away from monetary incentives.  What makes this protocol different from mining is that the Ripple Protocol involves gateways and move money along something that’s called validators, which establish trust within the...

B2B Payments
Fiserv Launches Enhanced Payment Fraud Protection
April 14, 2014

Fiserv, Inc. a global provider of financial services technology solutions, announced today a real-time electronic payments monitoring capabilities to prevent fraud. The solutions protect users from the increasing threat of payments fraud, to cover both international and domestic payments from the Automated Clearinghouse (ACH) and...

B2B Payments
SMBs Go Hunting for Customers Across Borders
April 14, 2014

According to research from the World Economic Forum, SMEs account for 99% of the enterprises and two thirds of employment in OCED countries, making up a significant portion of each country’s economy.  In the US, nearly all net job creation between 1997 and 2005 came...

B2B Payments
New FIS Mobile Product Attempts To Hit On All Gen Y Cylinders
April 14, 2014

Financial institutions now may offer their customers immediate access to funds via mobile or prepaid cards under a new initiative called GenNOW Fidelity National Information Systems (FIS) is offering its clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payment Methods
The Doctor is in … On Your Smartphone
April 11, 2014

Needles are painful, no matter how you cut it. Healthcare payments, however, don’t have to be. InstaMed Go, is a new payments solution that will help providers reduce the payment pain of healthcare payments. Get the Full Story Complete the form to unlock this article...