Apple Pay’s decision to use tokens has some fringe benefits beyond allowing retailers to get money without storing payment credentials. Like many token efforts, because Apple Pay is not storing the payment credentials, the Wall Street Journal points out, it can avoid a lot of...
Jumio, a company that tried to make mobile payment easier by using the phone’s camera to sidestep manual data entry, on Tuesday (Oct. 21) introduced Bam Checkout, which the company is hoping will counter Apple Pay, according to TechCrunch. The new twist is allowing users...
Amidst reports that a series of man-in-the-middle-attacks has been launched against Apple’s iCloud in China—one report specified that agents working for the government of China were deeply involved—Apple has posted a security document warning consumers and offering practical tips on how to avoid being victimized....
Former Microsoft CEO Steve Ballmer played down the innovativeness of Apple Tuesday (Oct. 21), saying that Apple Pay was “obvious.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The incoming chairman of the American Bankers Association says one of his top priorities will be working with retailers to secure the payments system, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With the launch this week of Apple Pay and the coming spinoff of of PayPal from eBay, Square faces the prospect that its customers could be lured away by rivals’ lower fees, easier transactions and a deeper pool of buyers and sellers, according to Bloomberg...
In the struggle between online and in-store shopping, the advantage has shifted to bricks-and-mortar retailers, according to GfK’s 2014 FutureBuy shopping habits study — at least in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Capital One said significantly fewer of its credit card holders defaulted on their card debts in the third quarter — but the bank’s CEO called that situation “unsustainable” and said he expects the chargeoff rate to bounce back in 2015 to 2013 levels, according to...
Amazon, which at one time had the reputation for undercutting other e-tailers with slightly lower prices, has lost the online pricing edge to both Walmart and Target. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
