New research suggests mobile payments could exceed $171 billion in 2012, with an estimated 212.2 million people using their phones to pay for purchases. That total would represent more than 60 percent growth over aggregate mobile spending in 2011. Get the Full Story Complete the...
It’s a cliche, but that doesn’t mean the phrase is any less true in payments: indeed, time truly is money. So when ID verification processes, beyond being expensive and technologically complex, are also time-consuming, the amount for services rendered shown on the invoice belies true...
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The New York Times breathed new life into the rumor that Facebook is considering the manufacture of its own smartphone device, while The Next Web wonders whether the social network is preparing to spend $100 million on yet another acquisition. Get the Full Story Complete...
Clydesdale and Yorkshire Banks have partnered with MasterCard to launch a new prepaid currency card in the U.K. The card is available for purchase in three currencies — euro, sterling, or U.S. dollars, according to Finextra. Get the Full Story Complete the form to unlock...
CrossCountry Trains has signed on to use U.K.-based ImpulsePay’s Payforit 4 service to collect payment for transit services like Wifi access, The Paypers says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Employees at telecommunications firm MTN Uganda stole $3.5 million from the company by withdrawing funds from an account used to store money sent using incorrect account details, Finextra reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
English telecom giant Everything Everywhere is piloting a new use for NFC-enabled smartphones that lets consumers pay for transit rides using their mobile devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Flattr, a micro-payments platform that lets consumers donate money to support the creators of their favorite content, has to rethink its ignition strategy, following a rejection notice from Apple. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...