When people say someone is as “rich as Croesus,” they’re talking of to a time (B.C. time) when gold was first starting to be used as a currency. A time when Croesus of Mermnadae, the last King of Lydia, had accumulated an ungodly amount of gold...
Two years ago, the Federal Reserve was looking to take a decade to review how to make payments a faster process, commissioning study after study on how best to do it. Yet the industry doesn’t go at the Fed’s speed, and they now realize that...
Hoping to stay ahead of an increasingly competitive Indian mobile banking market, ICICI Bank announced that it will make its Pockets mobile wallet available on Google Play, even to those who do not have ICICI bank accounts, according to company sources. Get the Full Story Complete...
It seems Google might be considering moving beyond NFC in its quest to compete with Apple Pay, according to new data published in The Information. The search-giant has reportedly been quietly testing a contextually-aware mobile, bluetooth-based payment system codenamed “Plaso” both in-house and with some...
McDonald’s has recently announced that it has named Margo Georgiadis, former president of Google Americas, to its board of directors as part of a shake-up that has resulted in longtime President and CEO Don Thompson’s retirement. Get the Full Story Complete the form to unlock...
Shakespeare wrote “parting is such sweet sorrow,” which is mostly true, but could probably be safely amended with “…but $5 billion will cushion the blow some.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Jet.com Inc. has closed $140 million in a new round of financing led by Bain Capital Ventures, bringing its total value to almost $600 million. That makes it one of the more valuable tech start-ups on Earth, which is a particularly impressive feat considering they...
According to reports from DDaily, Samsung is considering a mandate that would require all accessories of its forthcoming Galaxy S6 handset devices to come equipped with near-field-communication (NFC) authentication chips. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
When Google tapped WePay to tackle its mobile-commerce payments problem, it didn’t just give merchants an easy way to use its two-tap instant Buy system, it helped gave them an easy way to do business cross-border and gave birth to an interesting partnership. Get the...
