Barclays UK has announced the bank is now handling more than $6.52 billion in payments and transfers per month through its Pingit and mobile banking applications Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
KB Kookmin Card, in partnership with MasterCard, will introduce a virtual credit card that will allow overseas customers easy access to retail sites such as Amazon.com. The “SecurePay” protects users from personal information theft. Get the Full Story Complete the form to unlock this article and...
There’s more reported fallout from the databreach at sandwich-chain Jimmy John’s, with some 100 new restaurant victims identified and a confirmation from the chain that “an unauthorized person gained access to a user name and password that Signature Systems used to remotely access POS systems.”...
The Federal Reserve Banks of Boston and Atlanta applaud the many efforts to standardize payment tokenization, except the part that there are in fact so many such efforts. The potential for confusion and, much worse, standards conflicts undermining token efforts—especially in mobile—is a great concern...
The security system associated with the soon-to-be-released Apple Pay has been nearly universally praised as a significant advance in helping mobile payments go mainstream. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Federal Reserve Bank of Boston has created a working group to study the implications of using digital account tokens to replace card numbers, for both in-store and E-Commerce use. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Federal Trade Commission (FTC) convinced a federal court to shut down a Missouri-based Bitcoin company called Butterfly Labs because, according to the FTC complaint, the company “charged consumers thousands of dollars for its Bitcoin computers, but then failed to provide the computers until...
Just about everyone seemed absolutely giddy over Tim Cook’s breathless announcement of how Apple is revolutionizing payments. I’m hoping now that maybe, with a couple of weeks’ of distance and with at least some of you experiencing the buggy iOS8 operating system, I can make...
Walmart has finally made it official: As of October, it will directly offer federally-insured checking accounts, albeit through an arrangement with longtime partner Green Dot. The service will be called Go Bank and its raison d’etre is to waive fees for bounced checks, overdrafts and...
