Some thirty years ago, what made Datacap Systems, Inc. unique was that it was first to bring integrated payments into cash register technology. Now, as POS technology has evolved, the meaning of the buzzword “integrated payments” to traditional acquirers and innovators alike has completely morphed...
One industry that could be considered a prime candidate for innovation is health care spending, particularly financing elective health procedures. On Jan. 27, TechCrunch reported that loan servicing agency Prosper Marketplace bought elective health procedure lender American Healthcare Lending for $21 million, as that company looks to...
Big data has begun to be used with increased frequency to determine creditworthiness and the ability to get financing without formal bank statements. British startups like HelloSoda and Filipino startups like Lenddo have used social media driven algorithms to provide this service to banks and...
February in America means two important holidays for retailers: the Super Bowl and Valentine’s Day. While the specific items and reasons for purchasing may be different, both are days when retailers aim to get it right either through sales or advertising. To break down this...
New York City lost an estimated $200 million in economic activity between the fizzled snow storm and the concurrent decision to shut down mass transit in preparation for the snow. That loss won’t be crippling, but will hit small business and lower-wage hourly workers particularly...
Ant Financial Services Group is rolling out its new credit-scoring service Sesame Credit, which combines “big data” technology and customer behavior analytics to help make credit more available to millions of Chinese consumers. While the name Ant Financial Services Group may not immediately ring bells for...
It’s not just the young professionals getting plugged into online banking, it’s their parents and grandparents, as well. 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...
After months of development and testing, Germany and Austria now have access to their own smartphone-only bank, NUMBER26, which launched yesterday (Jan. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A decade ago, Internet search giant Yahoo bought a 40 percent stake in a small Chinese commerce startup named Alibaba as the company looked to expand its operations into China. Since then, the two companies have gone in different directions, and there are now rumors...
