Need a quick refresher of the week? Who doesn’t. That why we’ve gathered up the top 10 stories that were buzzing on PYMNTS this week to give you your weekly dose of what’s trending today in the payments and commerce ecosystem.
Need a quick refresher of the week? Who doesn’t. That why we’ve gathered up the top 10 stories that were buzzing on PYMNTS this week to give you your weekly dose of what’s trending today in the payments and commerce ecosystem.
- Next week could see payments firm First Data begin the first steps to raise as much as $3 billion in an initial public offering
- Samsung is certainly not shy about taking on Apple Pay — going as far as featuring an iPhone attempting to use Apple Pay at a merchant, only to have it rejected. Check out its latest commercial.
- Retailers and banks might be racing to meet the Oct. 1 EMV liability shift deadline, but most consumers are not ready for the shift, just yet.
- Global payments provider First Data is now positioning itself in the world of open source technologies.The company announced the acquisition of open source storefront platform Spree Commerce over the weekend, but the terms have yet to be disclosed.
- Faster Payments in the U.S. just got a little closer to reality. The Federal Reserve announced Sept. 23 its approval for enhancements to NACHA’s Same Day ACH solution which goes into effect a year from today.
- Best Buy confirmed late last week that it has begun testing its checkout systems for NFC compatibility, opening the door for contactless payments like Apple Pay and Android Pay to be accepted in store.
- In one of the latest volleys over EMV compliance — just as the deadline is really, finally, almost here — the Retail Industry Leaders Association (RILA) is challenging claims that retailers are not up to snuff in the transition.
- Groupon announced. 22 it will eliminate nearly 1,100 positions within its international Deal Factory and Customer Service over the next several months as it continues its efforts to unify its global technology platforms, tools and processes.
- Payments giant Visa has hired 1,000 of the 2,000 technology professionals it aims to bring on board by 2017, a staffing goal that is tied to an initiative to boost its digital financial services business.
- In a first and important step toward making Apple Pay available in China, Apple reportedly registered an entity in the Shanghai free-trade zone late last week.
