International

Chinese Regulators Put Brakes on Facial-Recognition for Payment
May 26, 2015

“Say cheese?” The central bank in China says “no dice” — at least for new customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

International
Inside NSA’s Plans To Hack Smartphone App Stores
May 26, 2015

The National Security Agency, along with several U.S. allies, developed a covert plan to hack smartphones using Samsung and Google apps. The intelligence efforts – which sought to infect those apps with spyware in an effort to monitor and “misinform” targets – were disclosed Thursday...

Alibaba’s Cross-Border Plan to Spur Global eCommerce
May 26, 2015

For its next sales push, Tmall is taking things worldwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Border Branches Closing Over Dirty Money Concerns
May 26, 2015

Concerns over human and drug trafficking have led some big banks to make an extreme move in an attempt to avoid illegal money that is flowing over the border (or, more accurately, crawling under the border in dozens of long underground tunnels) and ending up...

International
Is Europe Ready For Apple Pay?
May 25, 2015

Apple Pay may debut in Europe faster than some might expect, BGR reported Wednesday (May 20). That would mark the first foray outside the U.S. for the wireless payments service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Brits Ditch Cash For Cards
May 22, 2015

2014 marks the first time that U.K. “non-cash” payments outnumbered cash payments, in a total of 18 billion transactions. In its report, the U.K. Payments Council analyzed how cash was used by consumers in 2014 and how it could evolve in the next 10 years. Get...

B2B Payments
Worldpay Grows Global Footprint
May 21, 2015

In a move to enter one of the fastest growing eCommerce marketplaces in the Asia-Pacific region, Worldpay, a global leading payment processing company, announced in a press release that it partnered with IndusInd Bank Limited to assist both companies in processing customers’ payments in India. Get...

Ripple Reels In $28M Investment To Aid Expansion
May 20, 2015

Distributed payments technology company Ripple Labs has secured $28 million in Series A financing from a mix of venture capital funds and technology peers, the company announced yesterday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

MasterCard May Face More EU Pressure About Card Fees
May 19, 2015

MasterCard may soon be in some hot water with European Union regulators, Bloomberg reported, citing sources said to be familiar with an antitrust complaint the payments company may soon receive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...