Small-merchant loyalty program startup Thanx launched on Tuesday (Nov. 4) with $4.7 million in funding from Sequoia Capital and partnerships with Visa, MasterCard and Apple Pay — making it the only rewards provider that works with Apple’s mobile payment system, according to TechCrunch. To streamline...
Best Buy is reportedly switching its credit-card processing partner to Visa from MasterCard, according to Bloomberg. Visa CEO Charles Scharf told analysts during an earnings call last week that “we’ve agreed to terms to move a significant consumer credit co-brand from a competitor to Visa,”...
With Apple Pay and its fight with big-retailer-backed CurrentC grabbing headlines, San Francisco mobile-payments startup Kash thinks it can win over merchants by reducing interchange fees while dodging a requirement for NFC-enabled phones. The company said on Tuesday (Nov. 4) it has raised $2 million...
As companies get increasingly nervous about data security on B2B transactions, the PCI Council is offering some guidance about the need for merchants to better train employees and increase awareness about security protocols. Providing resources to make companies compliant and implementing security training with structured employees...
Heartland Payment Systems‘ third-quarter earnings Friday (Oct. 30) coincided with the announcement that it would be acquiring Xpient Solutions, a enterprise-level restaurant POS software service — a move that CEO Robert Carr said would better position Heartland continuing growing the core of its business. “Their POS...
A volley of accusatory news releases and letters to Congress between groups representing major retailers and credit unions has erupted, with each side accusing the other not doing enough to defend against cyber attacks and other payment card data threats. It started with a letter...
Although Starbucks CEO Howard Schultz said his coffee company has already found the recipe to capture a loyal base of mobile customers, he said the launch of Starbucks’ mobile order and pay app in December will be the single-most important technology innovation introduced by the...
E-tailer QVC announced Thursday (Oct. 30) that it will let shoppers use the TouchID fingerprint recognition capabilities on recent iPhone models to authenticate purchases in-app instead of passwords or PINs. For customers using iOS 8-enabled iPhone 5S, 6 and 6+ phones, the fingerprint scan will...
In the fight against payment card fraud, law enforcement has always argued that retail must work together with police. But one top police official this week grew frustrated with a large retail chain when a woman purchased a stack of iPads in-store and completed the...
