News

News
Hacking Incident Hurts eBay Auctions
May 28, 2014

In a surprising move, eBay is allowing sellers to cancel auction transactions for an 11-day period–as long as they used PayPal to finance the original transaction. The move follows a recent hacking of the e-retailers customer database. However, if buyers didn’t use PayPal to pay for...

News
Phishing URLs Related to PayPal Up 73%
May 28, 2014

PayPal users ought to be particularly vigilant about phishing scammers. A new report released by the CYREN GlobalView Security Lab revealed a 73 percent increase in the number of phishing attacks aimed at PayPal users. Get the Full Story Complete the form to unlock this...

International
Israel Restricts Cash To Fight Money Laundering
May 28, 2014

As part of a new government plan to reduce money laundering, cash transactions between businesses in Israel will be limited to 5,000 shekels ($1,400) by law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Finnish Banks Seeking Real-Time Payments System Supplier
May 28, 2014

Finland is hoping to establish a real-time payments system and is looking for partners to build it with.  The country’s current system “Pops” has been in place since the 1990’s and rapidly becoming obsolete, according to  the Federation of Finnish Financial Services, which maintains the platform,...

News
Revel’s New Drive-By Payment Option
May 28, 2014

Revel Systems – a California-based iPad point-of-sale maker is now offering drive-through accessory options that now make it possible for businesses to work with “drive through” customers without the use of a central server and complicated dedicated systems. Restaurants can upgrade to the service for only...

Financial Inclusion
AAFES Is Looking To Expand Online Shopping Among Veterans
May 28, 2014

The Army & Air Force Exchange Service (AAFES) wants to help veterans shop online. AAFES is the U.S. military’s largest retailer and it wants the Pentagon to allow it to offer online shopping to all honorably discharged veterans. Currently the site can only be used...

Merchant Innovation
Facebook To Bank: We’re Not A Threat
May 28, 2014

Facebook has denied that it has any intention to compete with banks, in a move to calm concerns reported on last month by Commonwealth Bank of Australia boss Ian Narev that it poses a strategic threat to the big four banks. Narev is one of many...

Alternative Finances
Alt. Banking And Millennials, Perfect Together?
May 27, 2014

Nearly 40 percent of consumers 18 to 34 years of age would switch to a bank that lacked physical locations, according to two new reports by Accenture, reports the Financial Times.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Alternative Finances
Allegations Of Trading Irregularities Doesn’t Slow Current Bitcoin Rally
May 27, 2014

A bitcoin price rally is underway that over the last week has pushed the value of bitcoin up by around 25 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...