Carl Icahn, the eBay investor who for months had been trying to convince U.S.-based online marketplace eBay Inc. to spin off its PayPal payments unit, apparently got fed up with eBay’s resistance. Instead of continuing to negotiate in the press, Icahn on April 1 acquired...
Google announced earlier this morning that it is getting tired of waiting for its mobile wallet to catch on organically and that it is officially moving toward more “direct” inducements for the American populace. In a statement released on the company’s blog, the search giant...
Visa Acquires Walmart, Target and Macy’sVisa Inc. on April 1 announced the acquisition of three key retailers – Walmart, Target and Macy’s – thus saving the payment card brand millions in litigation fees defending against the merchants’ antitrust suits over how Visa sets the fees...
Businesses have made more than $1 billion in mobile deposits through Wells Fargo & Co.’s CEO (Commercial Electronic Office) mobile-deposit service, the company announced this week. The service has been available nationally since November 2012. Wells says it is the first major U.S. bank to offer...
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By Michael Patrick McSweeney (@mpmcsweeney) Looming store closures by Macy’s, J.C. Penney and Sear Roebuck and Co. represent a grim example of the general tenuousness of consumer spending. Tick up a few notches in socioeconomic standing, however, things appear a bit brighter. Roughly 10 million...
It’s not exactly a news flash that Windows XP support will vanish in April of this year, leaving ATM and POS terminal owners to decide what to do next. What’s newsworthy though is how little has been done on the ATM side of the house,...
T-Mobile is offering its customers a free checking alternative. The free smartphone service comes with a required prepaid Visa debit card, a smartphone app and access to a network of 42,000 ATMs, the company said in a Jan. 22 press release. The program is available...
By Jeffrey Green (@epaymentsguy) EBay’s board of directors on Jan. 22 rejected a proposal by investor Carl Icahn, who had submitted a non-binding proposal for a spin-off of its PayPal business into a separate company. Icahn earlier this month acquired shares and derivative securities that...
