Shopping cart abandonment in an increasingly mobile world is the result of a the lengthy and often tedious check out process that consumers don't have the patience (or finger dexterity) to tackle. Payments and software-as-a-service company Jumio says it has cracked the code on this...
The Mexican loan calamity; wherein Citiigroup’s Mexican extension Banamex loaned $400 million to a company that could not pay them back, has thus far has been equal part expensive, embarrassing and generally damaging for the company. The scandal has now has claimed its next round of...
Sift, a company that prides itself on “forgetting the rules to fight data fraud,” has just closed an $18 million Series B round of funding led by Spark Capital, with participation from Max Levchin, Union Square Ventures and First Round Capital. Sift helps merchants identify credit card...
If it is your job to prevent malware attacks against a point of sale system, it has undoubtedly been a long year. In breach after breach, cyber-criminals get into a corporate server and then stay around. In the case of both the Neiman and Michaels...
Gemalto has acquired Rhode Island-based Shoreline and Atlanta-based Source One Direct, two payment card personalization bureaus in the United States. Both companies were previously part of Cardiff Holdings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
GE announced Friday that it has agreed to purchase cyber-security firm WurldTech as one of several recent moves to “help protect critical infrastructure and advance cybersecurity efforts globally for key industries,” according to a released statement by GE. Get the Full Story Complete the form...
Apple has started pushing its new upgrade to the EasyPay mobile POS system within the United States which will allow for interactions with EMV (“chip-and-pin”)cards while also preparing for the coming possibility of a rise in contactless credit card purchases through NFC. Get the Full Story...
Once mighty mega-chains like Sears and JC Penny are closing down retail operations nationwide at an alarming rate of speed in an attempt to remain competitive with price-undercutting internet based retailers like Amazon, and leaving behind them indoor and outdoor malls on the brink disaster....
Cross-border commerce is just about everyone’s strategic priority right now given the massive revenue opportunity that it represents. But, as everyone knows, supporting commerce in 220+ countries is expensive, and complicated. Now, best practices are beginning to emerge that enable faster, better and safer cross...
