News

News
Nigerian Agency Shuts Down Non-Compliant ATMs, POS Terminals
March 25, 2014

Nigeria’s Weights and Measures Department of the Federal Ministry of Industry, Trade and Investment reportedly sealed ATM and point-of-sale machines at four different banks because of non-compliance with basic standards.

Merchant Innovation
Crowdfunding And Raw-Data Evaluator Startups Score Funding Prizes
March 25, 2014

Several startups, including one led by astrophysicists, and a database-delivery provider highlight this week’s Startup Roundup.

Controversial
Branch Visits Down, While Financial Security Rises
March 25, 2014

New research from Bankrate.com suggests banks should re-examine their branch strategies to reflect reductions in use. This comes as other research from the company suggests consumers are feeling better about their financial security.

Cool
Nordic Processor Nets Nets $3 Billion
March 25, 2014

Requiring faster response to market change, the 186 banks owning Nordic processor Nets decided to pursue an owner with better expertise and commitment. It also sought a buyer with the capital necessary to appropriately fund Nets’ IT and technology needs. In the end, it chose...

Financial Inclusion
Cisco To Spend $1Bln On Building ‘Intercloud’
March 25, 2014

Cisco said it plans to invest $1 billion over the next two years to build the world’s largest global Intercloud – a network of clouds – with many partners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Business Travel Seen On Two-Year Rise: Survey
March 25, 2014

Travel and expense management software provider Certify says a majority of companies surveyed reported higher spending on travel last year than in 2012, and about half expect to spend more this year. Top management pain point? You guessed it: Employees failing to submit reports on...

B2B Payments
Oti Goes Fishing in NFC Waters
March 25, 2014

Oti is no startup when it comes to finding cashless payments solutions for the industries that need them, but is has been busy refocusing its energy, and NFC payments is one of the key driver’s behind its latest initiatives. Its efforts paid off last week...

B2B Payments
B2B Networks Get Collaborative: Report
March 25, 2014

Commerce networks used to be point-to-point. But cloud, social, mobile and big data technologies have made B2B interactions “many-to-many,” a report shows. Read More.

Mobile Commerce
Canada Post, Thinkwrap Apply Data To Oracle Commerce
March 25, 2014

E-commerce integrator Thinkwrap Commerce and Canada Post have joined to put shipping data into Oracle Commerce, a report in Chain Store Age said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...