The U.S. Government Accountability Office (GAO) has decided that Congress needs to allow the government to collect user fees from health insurers and that those dollars “can be used to defray some insurers’ losses,” according to a Bloomberg story. Get the Full Story Complete the...
The expanding global credit market and virtual merchant options paired with the cash-to-card shift translated to 205 billion transactions last year, a 13 percent increase from, 2012, according to figures released Thursday (Oct. 9) by the RBR research and consulting firm in London. During the...
A U.S. Patent application that Apple filed in late May was published Thursday (Oct. 9) and it provides some delightfully geeky peeks into what appears to be Apple Pay—or at least how Apple Pay was envisioned a few months before launch. Get the Full Story...
U.K.-based P2P trade-finance platform MarketInvoice is expanding into Europe and reaching out to retail investors, according to Global Trade Review. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Banco del Bajío, a leading Mexican bank, announced Thursday (Oct. 9) that it has licensed TSYS’s PRIME 4 card management solution. Banco del Bajío will leverage PRIME issuing support to manage credit and private label card portfolios, as well as its loyalty and installment...
More bad bank security news. It seems that a group of “Russian-speaking attackers” stole a wide range of bank security credentials using Qbot malware that was installed on some 500,000 bank PCs, according to a report in Bank Info Security, which cites a reported from...
Investor extraordinaire Carl Icahn sees Apple Pay as one of several factors that is going to propel the Apple and its new iPhones. In a letter to Apple CEO Tim Cook on Thursday (Oct. 9), Icahn offered a variety of observations and insights into what...
Experimenting with opening its first brick-and-mortar, Amazon has taken over a 12-story building in the heart of the most famous shopping district in the U.S., on 34th Street in New York City, a block from Herald Square, right near Macy’s headquarters. Plans are to be...
Even though online shopper authentication systems—including Verified by Visa and MasterCard SecureCode—have been around a long time, a newly-released survey suggests that only 57 percent of retailers are bothering to use them. Get the Full Story Complete the form to unlock this article and enjoy...
