While it has been widely known for months that Ant Financial Services Group — Alibaba’s financial arm — has been developing a credit scoring service, the company has now officially started offering the service with the backing of China’s Central Bank. Get the Full Story Complete the form...
Almost two years after PayPal launched a handheld payment card reader for merchants in the U.K., that’s finally coming to the U.S. — and this time, it will support contactless payments and Apple Pay, too. Get the Full Story Complete the form to unlock this article...
The biggest global banks, including HSBC, RBS and JPMorgan Chase, are taking drastic measures to reduce their costs — and in most cases their size — in the face of regulators’ efforts to make sure they can be unwound in case of another financial crisis,...
Airbnb is halfway to raising another billion dollars in funding, and bringing its total valuation to $20 billion, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Citigroup’s Banamex USA subsidiary is the subject of two more investigations for possible money laundering, the bank reported in an annual regulatory filing the SEC on Wednesday (Feb. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Visa has lined up a string of banks to roll out its new set of mobile payment services for Android phones next week at Mobile World Congress 2015, the card brand announced on Thursday (Feb. 26). Get the Full Story Complete the form to unlock...
Filipino customers at McDonald’s will be able to get a free day’s worth of SMS messaging and mobile chat app access with the purchase of an upgraded McSavers meal, Mobile Commerce Daily reported. The deal was worked out with prepaid phone provider Smart Communications to...
Barclays announced the integration of its PingIt mobile payments app with Twitter to allow users to pay others using just a Twitter handle and a linked account on March 10, becoming the first bank in the United Kingdom to offer such a service. Get the Full...
Mobile payments have been described in many ways in the developed world – innovative, game-changing, the next big thing and (among the more cynical) the great big hype. But rarely in that description list is the phrase “life-changing.” Get the Full Story Complete the form...
