Most of the fallout in China may have settled from Alibaba’s fight with a Chinese regulator over fake merchandise sold through the e-commerce giant’s online marketplaces. But now Alibaba faces potential problems from another direction: the U.S. Securities and Exchange Commission, The New York Times...
ApplePie Capital, one of the newer players in the marketplace lending space reported last week (Feb. 11) that its loan demand topped $25 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Despite a fierce rivalry in all other areas, Chinese mobile payment giants Alibaba and Tencent have agreed to a rare truce in the taxicab industry, according to The Wall Street Journal, as the companies look to focus their energies — and their cash — in areas where...
According to new research released by the Aite Group, 59 percent of U.S POS locations will be chip compatible by the end of this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
It’s the week of breakups for American Express, which announced Friday (Feb. 13) its deal with JetBlue would be ending. This comes just a day after AmEx announced it would be ending its co-branded credit card with Costco on March 31, 2016. Get the Full...
American Express CEO Kenneth Chenault announced last week (Feb. 12) that the company couldn’t find an agreement that “made economic sense” to move forward with its co-branded card with Costco, so the two companies will sever ties comes March 31, 2016. Get the Full Story...
The recent MasterCard Antitrust case added another layer of complexity and drama to it last week in the U.S. District Court when — according to Law 360 — the attorneys representing Target Corporation and the other merchants in the case, “opened a new line of...
The Philippine’s top wireless operator has just made it much easier for Apple users to make purchases on their devices. Smart Communications announced its new “Pay-With-Mobile” service on Friday (Feb. 13), a world’s first, the company says. Get the Full Story Complete the form to...
As Apple works to push its Apple Pay services across the globe – exploring implementation of the mobile payment service in Europe and China – Apple Pay remains solely available in the U.S. Get the Full Story Complete the form to unlock this article and...
