Apple Pay’s U.S. business model is based on issuers giving it a rebate on the fees they collect from merchants. But what happens when those fees are really low and headed lower? That’s Apple’s issue in Europe as it looks across the pond to find...
Home rental firm Airbnb is now accepting Alipay, the huge Chinese Internet payment offering, on its site, reports ReCode. 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...
What has paralyzed progress in the U.S. on the global standard for financial messaging, ISO 20022? In a word: risk. Across Europe, 20 financial organizations have already gone live with payments messaging services that meet the standard, thanks largely to the E.U.’s Single Euro Payments...
There is no question that people are buying things online in ever increasing numbers or that they are creating reams of data while they are doing it. What to do with the data–how to use it, how to turn it into something useful, that’s a...
U.S.-based Shopkick is heading toward full acquisition by South Korean wireless company SK Telecom. 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....
KB Kookmin Card, in partnership with MasterCard, will introduce a virtual credit card that will allow overseas customers easy access to retail sites such as Amazon.com. The “SecurePay” protects users from personal information theft. Get the Full Story Complete the form to unlock this article and...
Payment network Ripple Labs just snagged is to U.S. banks closer to its goal of frictionless payments worldwide. CBW Bank and Cross River Bank, based in Kansas and New Jersey respectively, will be using Ripple to making global money transfers and payments. Ripple’s first partnership for the...
If imitation is the sincerest form of flattery, than the brothers Sawmer (Marc, Oliver and Alexander), the three founders of Germany’s Rocket Internet, are the worlds most accomplished and sincere flatterers. Rocket is famous for taking successful, but exactly trademark or patentable, e-commerce ideas from...
Apple Pay continues to roll on toward universal availability and it has made a big staff acquisition to move that process along in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
