Payment Methods

Can Quantum Physics Make Fraud-Proof Credit Cards?
December 17, 2014

Never mind NFC and EMV — a team of Dutch researchers claims to have harnessed the power of quantum mechanics in a way that could make payment card fraud a thing of the past, Finextra reported on Tuesday (Dec. 16). Get the Full Story Complete...

Europe
Apple Shuts Down Russian E-Sales Due to Ruble
December 17, 2014

Apple took the unusual move Tuesday (Nov. 16) of shutting down all of its online sales in Russia due to what Apple said were “extreme” ruble fluctuations, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Parking Databreach Hits Airports
December 17, 2014

Park ‘N Fly’s tagline—”More Than Just Parking”—was proven quite correct Tuesday (Dec. 16) when its customers were also given a large payment data breach, according to a report from Krebs On Security. Get the Full Story Complete the form to unlock this article and enjoy...

Apple Pay
Adyen Raises Quarter-Of-A-Billion Dollars
December 16, 2014

Global payments vendor Adyen on Tuesday (Dec. 16) said that it has closed $250 million in new funding, led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures. Get the Full Story Complete the form to unlock...

Apple Pay
ShopKeep Gives Free Reader For Accepting Apple Pay And EMV
December 16, 2014

Square competitor ShopKeep has a deal for new customers: Sign up now for our iPad-based in-store point-of-sale system and we’ll give you free equipment to handle Apple Pay, contactless, traditional magstripe and (eventually) EMV chip payment cards, Re/code reported on Monday (Dec. 15). Get the...

Apple Pay
Apple Now Lets Google Wallet Use TouchID, Split Checks
December 16, 2014

Apple, which uses its iTunes accept/reject power to control potential rivals, is slightly loosening control on Google Wallet. A new update to the mobile app released on Monday (Dec. 15) now allows for extensive use of the iPhone’s Touch ID, enabling Google Wallet users to...

iPhone Magnetized Accessories May Interfere With NFC
December 16, 2014

Some iPhone accessories that attach to the phone via magnets—an attachable better camera lens is an example—may disrupt NFC communications and, therefore, Apple Pay, 9to5Mac is reporting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Mobile
Another Mobile Pay Field Trial: 53 Percent Success
December 16, 2014

Mobile payments aren’t quite ready for prime time — at least not in Boston. That’s the conclusion of a Boston Globe writer who tested mobile-payment offerings from several local companies — with limited success. Get the Full Story Complete the form to unlock this article...

Ebay Employee Seems To Confirm Hidden Seller Limits
December 16, 2014

An eBay employee has confirmed what many have long suspected: that eBay has hidden limits on seller accounts, according to a report in ECommerceBytes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...