MoneyGram International Inc. is feeling the impact of Walmart’s recent launch of a competing U.S.-to-U.S. white label funds-transfer service, as domestic transfers for the company initiated at Walmart stores declined 31 percent and revenues dropped 33 percent during the second quarter, the Dallas-based company reported...
Getting consumers hooked on something new is every innovator’s dream. There’s only one big problem: Consumers don’t break old habits easily. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Strengthening its hold over Croatian payments industry, American Express has partnered with the country’s second largest bank “Privendna Banka Zagreb” to provide an NFC payment service using host card emulation (HCE) technology. Get the Full Story Complete the form to unlock this article and enjoy...
MasterCard showed sizable second-quarter gains, with net revenue up 13 percent driven by significant transaction growth on both the consumer and commercial credit side. It has plans to roll out MasterPass over the next few years to the markets that drive 75 percent of its...
An important part of fleet management is ensuring that the recorded mileage is actually the mileage that was driven for a delivery. This ensures that all parties involved are paid properly and that the fleet management firm’s invoices remain accurate. But what happens when there...
Payment service provider GlobalConnect announced yesterday that it appointed Matias Fainbrum, former head of the company’s Busienss Development group in Latin America, as its new General Manager for that region, according to a company release. Fainbrum, called an “industry veteran,” will work out of the...
Channeling the Starbucks mobile payments app, Kash is an app that aims to bring that same customer experience to other retailers and SMBs, according to TechCrunch. In doing so, they hope to cut the costs of credit card fees. Get the Full Story Complete the...
No matter how tricky aligning a QR code to the brackets on a phone screen might be, it’s not pushing smartphone owners away. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Many older brick and mortar chains are still using POS systems that are outdated and costly as compared to newer, state-of-the-art POS technology, according to VentureBeat. Because of this, payments startup Zing released a new POS platform “presented as a way to ditch clunk, old...
