PayNearMe, a startup focused on improving consumer cash-payment experiences, has raised $20 million in a new round of funding. To date, the company has raised roughly $50 million. GSV Capital led the round, with Maveron, True Ventures, Khosla Ventures and August Capital also taking part...
The malware used to infiltrate the point-of-sale systems at Target, Neiman Marcus and other retailers appears to have been custom built for each job. Investigators have determined the malware attacks are slightly different from retailer to retailer, the Wall Street Journal reported on Feb. 5. William Noonan,...
Online ordering has led to increased sales for pizza restaurants able to invest, while others have been hurt as competitors move to a bigger Web presence. Domino’s, Pizza Hut and other well-known brands have added online ordering in the past year, the Wall Street Journal reported on...
Ovidio Egido, who has served as MasterCard’s senior business leader for Spain, has been appointed the company’s country manager for Spain. Egido has worked for MasterCard since 2012. He previously served as an independent contractor for Telefonica, 3V Transactional Services and Payment System Europe. “We...
OTI has launched a consumer-oriented automatic payment solution for gas stations. EasyFuel Plus is similar to an OTI offering for commercial purposes. It features a contactless reader attached to a vehicle’s fuel inlet. Once the driver begins refilling, the payment process is activated automatically. “This...
Chipotle intends to add a mobile payments feature to its ordering app in the near future. The popular food chain announced during an earnings call in late January that it will invest $10 million to upgrade its mobile app to include a mobile payments option....
MoneyGram and Vodafone have inked a new partnership focused on global remittances. Under the agreement, consumers can use MoneyGram’s global network of agents to send via M-Pesa. The service will be available in Egypty, Kenya, South Africa and other countries in Africa and Asia, Finextra...
Rumors of Apple’s entrance into mobile payments could become more complicated, as speculation has emerged that Apple may seek to upend the entire retail point of sale by eliminating store checkout lanes. Apple’s own stores already have done this. Street Fight Magazine’s Michael Boland suggested...
Wells Fargo and the Canadian Imperial Bank of Commerce (CIBC) are both moving to bring customers access to contactless mobile payment services. Both banks are rolling out downloadable apps that link to the their credit cards and allow cardholders to “tap-to-pay” at POS terminals, FierceFinanceIt...
