Alibaba Group’s finance arm is working to create a marketplace for 1 trillion yuan ($163 billion) of person-to-person loans by 2016, and is already almost 15 percent of the way there after less than six months, the P2P lending unit’s CEO said on Tuesday (Sept....
E-Commerce platform WooCommerce has added LevelUp as a mobile payment option to cut merchants’ payment processing costs, the companies said in a news release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Online retailers are worrying less about infrastructure and more about marketing and customer service for the 2014 holiday season, according to a survey of more than 1,000 U.S. ecommerce professionals by eBay Enterprise. Get the Full Story Complete the form to unlock this article and...
Walmart has finally made it official: As of October, it will directly offer federally-insured checking accounts, albeit through an arrangement with longtime partner Green Dot. The service will be called Go Bank and its raison d’etre is to waive fees for bounced checks, overdrafts and...
San Francisco payments startup OmnyPay is keeping a tight lid on its plans, but it has raised $1.5 million from Global Internet Ventures (GIV), VentureBeat reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
After the Home Depot breach of some 56 million pieces of card data, it was only a matter of time before it would deliver the fraudulent purchases that fund such an attack. That time has now arrived with bad purchases now “rippling across financial institutions...
Small-business invoicing startup Invoice2go has grabbed $35 million in financing — the first outside investment since the company’s founding in Australia in 2002. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Say what you will about Apple, but it sure knows how to sell phones. The first weekend for sales of its new iPhones—the 6 and the 6 Plus—moved some 10 million of the larger-screened devices, which did not come close to keeping up with demand....
Consumers might need a bit of protection from the Consumer Financial Protection Bureau, as the Government Accountability Office reported Monday (Sept. 22) that not only does the CFPB have access to more than 600 million payment card records but “the CFPB lacks a consistent plan...
