Facebook has denied that it has any intention to compete with banks, in a move to calm concerns reported on last month by Commonwealth Bank of Australia boss Ian Narev that it poses a strategic threat to the big four banks. Narev is one of many...
Intuit Inc agreed to buy Check Inc. for $360 million in a deal that was signed on Friday, reports Reuters, who noted a Wall Street Journal report that cited people familiar with the situation. Intuit is the developer of tax-preparation software TurboTax, while Check Inc is a...
Skrill, a European e-wallet provider with 35 million users and Yandex.Money, the largest electronic payment system in Russia with 13 million users, signed a partnership last week which will enable Skrill to expand into Russia. As part of the deal, Yandex.Money will be integrated in...
In an effort to blunt Google’s foray into the smart home as a result of its recent acquisition of Nest, it is widely expected that Apple will announce its own smart home strategy at its WWDC on June 2nd. Get the Full Story Complete the...
Meu Dinheiro Claro, the JV signed by telco Claro (AMX) and Bradesco, one of major banks, was able to add a new tool which allows customers registering via mobile vs. visiting the store and which is expected to boost adoption. Get the Full Story Complete...
Memorial Day is better known in the U.S. as the time to honor those who served in the military. Unfortunately, the BBB is reporting that it has become the perfect opportunity for scammers to target those who are serving or have served their country, especially...
Wow, did we get our PYMNTS peeps buzzing this week! We thought that the POV on EMV would get some folks talking and we weren’t wrong. Then, two different but equally controversial pieces on bitcoin lit the PYMNTS place ablaze. The Overstock piece and the...
Banrisul signed a partnership with MasterCard to launch an e-wallet. Service is oriented to online consumers and allows users to save their credit, debit and pre-paid card and personal data in one place. The bank will launch the product in 2014 2H and will be...
Visa and MasterCard on May 23 reportedly indicated they plan to stay in Russia, despite a new law that could cost them billions to remain. Representatives from both card networks met with members of the Russian government earlier in the day. Get the Full Story...
