In a recent conversation with Fortune, American Express CEO Ken Chenault spoke about the future of commerce, which he believes is mobile. According to Chenault, mobile payments represent a $25 trillion dollar a year opportunity, with five major players—Google, Apple, Amazon, Alibaba and Facebook. Get the...
In an attempt to push personalized coupons on customers with smartphones, Walgreens has announced it is piloting an iBeacon test program in Duane Reade locations across New York. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Thirty-four percent of industrial suppliers have gone outside of their traditional networks to make purchases, according to a new UPS survey of industrial purchasing. Product availability and pricing are certainly big drivers, but so is easy of payment, often trumping decades old relationships in the...
Earlier this year, Amazon announced the launch of Prime Pantry, a grocery service that will allow Primer Users to ship as much as 45 pounds of groceries to their home for a flat shipping fee of $45. In more bad news for super-markets everywhere, Groupon...
Western Union had a mixed first quarter in 2014, reporting both a drop in net profits but an uptick in revenue in 2014. The Colorado-based money transfer service reported first-quarter net income of $203 million, which represents 4 percent from $212 million in the first...
MasterCard posted favorable first-quarter numbers, but questions arise about pending legislation in both Russia and Europe that could affect card brands and pricing. Learn what MasterCard CEO Ajay Banga told analysts when asked about the impact to MasterCard’s future.
Tencent and others have joined The People's Bank of China and banned accountholders from engaging in Bitcoin-related activity. That caused the price of bitcoin to drop - The PYMNTS.com Bitcoin Price Index can show you how much. Between that and a search to replace the...
FIS is starting 2014 with a strong quarter and is making plans to serve under-banked mobile customers.
Hmm. While overall smartphone shipments jumped 33 percent for first three months of the year, competition from second-tier smartphone providers cut into industry leader Samsung’s market share for the first time since 2009. Check out how Apple and other handset manufacturers fared.
