It’s the week of breakups for American Express, which announced Friday (Feb. 13) its deal with JetBlue would be ending. This comes just a day after AmEx announced it would be ending its co-branded credit card with Costco on March 31, 2016. Get the Full...
American Express CEO Kenneth Chenault announced last week (Feb. 12) that the company couldn’t find an agreement that “made economic sense” to move forward with its co-branded card with Costco, so the two companies will sever ties comes March 31, 2016. Get the Full Story...
Apple Pay is joining EMV chip-and-PIN as a standard for roughly 9 million Federal payment cards, including debit-card accounts used for distributing Social Security and Veterans benefits, Bloomberg News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Attorney General of Pennsylvania announced Feb. 12 that state residents who took out payday loans from Delaware-based Advance America can have their outstanding loans forgiven as well as refunds on a $149.95 “monthly participation fee” that the state alleges was a way to get...
The merchant search to find better ways to connect with consumers via gifts, offers, discounts and more remains one of the key drivers of payments innovation today. But Henry Helgeson, CEO of Cayan says that with the “looming cloud” of EMV and security, there needs...
When people say someone is as “rich as Croesus,” they’re talking of to a time (B.C. time) when gold was first starting to be used as a currency. A time when Croesus of Mermnadae, the last King of Lydia, had accumulated an ungodly amount of gold...
Two years ago, the Federal Reserve was looking to take a decade to review how to make payments a faster process, commissioning study after study on how best to do it. Yet the industry doesn’t go at the Fed’s speed, and they now realize that...
Hoping to stay ahead of an increasingly competitive Indian mobile banking market, ICICI Bank announced that it will make its Pockets mobile wallet available on Google Play, even to those who do not have ICICI bank accounts, according to company sources. Get the Full Story Complete...
It seems Google might be considering moving beyond NFC in its quest to compete with Apple Pay, according to new data published in The Information. The search-giant has reportedly been quietly testing a contextually-aware mobile, bluetooth-based payment system codenamed “Plaso” both in-house and with some...
