Alibaba is a force to be reckoned with, and its payment service provider Alipay is no exception. The leading Chinese company, along with its top rival Tenpay, are giving other payment service providers a run for their money. Get the Full Story Complete the form...
Digital River announced yesterday (May 26) that Hayden Reed has been appointed senior vice president and general manager of Digital River World Payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
To everyone’s surprise, sales in the U.K. have boomed in May and are expected to hit their highest level in more than 26 years in June, according to Reuters. Retailers’ overall assessment of the business situation improved to +20, the highest since last August and up...
As smartphone market penetration increases in top markets, it has led to a slowing growth in smartphone shipments on a global scale, according to new research from IDC’s Worldwide Quarterly Mobile Phone Tracker report. Get the Full Story Complete the form to unlock this article and enjoy...
While the figures are nowhere near where they were 10 years ago, the credit card market share in terms of payment card volume still gives an edge toward credit cards, when compared to debit and prepaid cards issued in the U.S. Get the Full Story...
On June 11, 2013, the Consumer Financial Protection Bureau (CFPB) released a report that raised concerns about the ability of consumers to anticipate and avoid overdraft costs on their checking accounts. The report found, for instance, wide variations across financial institutions regarding the costs and...
Granify, an eCommerce company based in Edmonton, Alberta, announced Tuesday (May 26) that it has received a $7 million Series A investment from several investors, including Valar Ventures, which is in turn backed by PayPal co-founder Peter Thiel. Get the Full Story Complete the form to...
Xapo — a bitcoin services company based in Palo Alto that is in the midst of relocating its headquarters and operations to Switzerland — announced yesterday (May 26) that its board of directors has taken on several new members, including former Visa and Citibank executives...
The banking, lending, and debt collection industries will have to wait a bit longer than expected for the Consumer Financial Protection Bureau’s (CFPB) progress on the debt collection rulemaking. This is the second delay since the U.S. government independent agency launched its advanced notice of...
