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News
Regulators Slow H&R Block Bank Sale
October 08, 2014

It looks like the sale of H&R Block’s bank business to BoFI Holdings will be on hold for the rest of the year, as regulators have essentially bounced back the application. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Airbnb A Big Hit With Business Travelers
October 08, 2014

One of the most oft-cited criticisms of startups—especially mobile firms—is that they sell a solution in search of a problem. Airbnb is making a powerful case that such comments do not apply to them, as they are seeing soaring growth among business travelers specifically because the...

Merchant Innovation
Artsy Flower Shop BloomNation Cultivates $5.5M In New Funding
October 08, 2014

The Web-fueled florist company BloomNation confirmed Tuesday (Oct. 7) that it has raised an additional $5.5 million (a total of $7.2 million) from Andreessen Horowitz and Ronny Conway (son of angel Ron Conway), according to a report in the Los Angeles Times. Get the Full...

Square Cash’s New Lease on Life
October 08, 2014

Square is now singing the Bluetooth Blues, having rolled out on Tuesday (Oct. 7) an iOS 8 BLE-empowered way to send cash to nearby people, called Nearby Payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

News
Shoppers Will Spend Less This Holiday Season
October 08, 2014

U.S. holiday shopping purchase dollars starting next month will be sharply  lower than last year, as shoppers stay cautious and are economically-uncertain, according to a PricewaterhouseCoopers report released Tuesday (Oct. 7). That report was based on a survey of more than 2,200 shoppers nationwide. Get...

How The Russians Plan To Ignite Their Own Payments System
October 08, 2014

Against the backdrop of global political tensions and tit-for-tat diplomatic and economic sanctions involving Russia and the United Nations, Russia is publicly rethinking how it wants to handle payments. Partly, this is so that Russia can try and isolate and protect itself from external economic...

Marc Andreessen’s Rx For Financial Services
October 08, 2014

Venture Capitalist—and graphical Web browser creator—Marc Andreessen is looking at the payments space as an area that needs to—and can—be fully recrafted. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Mobile
35 Percent Of Consumers Now Use Mobile To Shop
October 07, 2014

More than one out of every three (35 percent) shoppers today use mobile devices as part of their purchasing process, a 10 percent hike from 2012, according to new results from a shopper behavior study. Much of the change comes from sharp increases from three...

Mobile
EBay Goes Highbrow, Launches Fine Art Auction
October 07, 2014

EBay on Monday (Oct. 6) said it would support a fine art auction with some of New York City’s top art galleries—Swann Auction Galleries, Doyle New York and Freeman’s—as consumers are showing a willingness and a comfort to spend a lot more online. Get the...