Apple Pay is violating the Dodd-Frank Act’s Durbin amendment, retailer groups say — at least the way Apple’s mobile payments system is currently implemented — and the groups are calling on Apple, Visa and MasterCard to meet the requirements of the law, American Banker reported...
Indian B2B marketplace IndiaMART believes its six-month-old Tolexo arm could pass $1 billion in gross merchandise value by 2017 and hit $10 billion in transactions by 2020, according to DNA India. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Pop culture quiz. What does “let your fingers do the walking” refer to? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
The war of words over whether the U.S. federal government should beef up regulation of retailers’ data security got another salvo from a credit-union organization last week, in a letter telling congressional leaders that retailers should be regulated like financial institutions. Get the Full Story...
Ingenico and Intel have partnered to build mobile payment capabilities into a wide array of connected devices for the Internet of Things (IoT) — including intelligent vending machines, kiosks and digital signage, the companies announced at the Transact conference last week. Get the Full Story...
Walmart’s top payments executive told a conference last week that letting banks issue EMV credit cards without PINs makes a mockery of EMV security, CNN Money reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With the EMV liability-shift deadline steadily approaching — and almost half of merchants still not even started on their point-of-sale (POS) changeover — payments service provider Transaction Network Services (TNS) has cut a deal with POS device vendor ID TECH to simplify the process of...
Square, which got some its early start in San Francisco coffee shops, is trying to make life easier for similar food and beverage places where customers can keep a tab open, with a new feature called Open Tickets, the company announced in a blog post...
Winter storms blasted half a percentage point from U.S. economic growth in Q1 2015, making it the second year in a row that weather hammered the economy during the first quarter, according to a survey of economists by Bloomberg. Get the Full Story Complete the...
