News

Alternative Finances
Walmart-Housed Banks Among Top Fee Collectors
May 12, 2014

Banks located within Walmart stores are unique in a few regards. They often cater to lower-income patrons more frequently than normal, often to those who are considered “risky” prospects who have heretofore been locked out of traditional banking. They also are among America’s top fee...

Cool
Consumers Get Back Into Credit
May 12, 2014

The Fed released a new report last week that shows an uptick in credit card applications for just about all domestic banks. But which consumer groups are getting their credit groove on (or want to?).

Mobile Commerce
Polyvore Arrives on Android (Finally)
May 12, 2014

The Polyvore community up until now has had two things in common. 1) An overwhelming desire to export their style to the world by pinning collages of outfits and accessories to Pinterest and 2) Use of iOs. The style-conscious and largely-female user base of the Polyvore app...

Merchant Innovation
Apple Focuses On Enhanced Security and NFC Integration With POS Upgrade
May 12, 2014

Apple has started pushing its new upgrade to the EasyPay mobile POS system within the United States which will allow for interactions with EMV (“chip-and-pin”)cards while also preparing for the coming possibility of a rise in contactless credit card purchases through NFC. Get the Full Story...

Mobile Commerce
Malls Nationwide In Peril As Anchor Chains Close-Out Physical Locations
May 12, 2014

Once mighty mega-chains like Sears and JC Penny are closing down retail operations nationwide at an alarming rate of speed in an attempt to remain competitive with price-undercutting internet based retailers like Amazon, and leaving behind them indoor and outdoor malls on the brink disaster....

B2B Payments
M&As Expected To Continue For Record Keepers
May 12, 2014

High-profile acquisitions and mergers among record keepers is expected continue as firms cope with pressure for lower fees and more services in a low-margin business. Experts believe that fee pressure, and technology costs will have firms always looking for next deal. Get the Full Story...

Mobile Commerce
Cross-Border Commerce: Faster, Better and Safer
May 12, 2014

Cross-border commerce is just about everyone’s strategic priority right now given the massive revenue opportunity that it represents. But, as everyone knows, supporting commerce in 220+ countries is expensive, and complicated. Now, best practices are beginning to emerge that enable faster, better and safer cross...

B2B Payments
Intuit Expands SMB Product Portfolio
May 12, 2014

In an effort to add more functionality to its small business platform, Intuit, will acquire Lettuce, a cloud based solution that helps manage inventory and order flow. This step outside of payment and financial services into business services may send signal about how they plan...

International
Hearst-backed Manilla To Shut Down
May 12, 2014

The Hearst-backed service for managing bills, Manilla is slated to shut-down on July 1, due to inability to bring the business to scale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...