If you’re going to go mobile payments, then really do it. That seems to be the approach of Wells Fargo, which is paying credit card customers $20 to sign up for Apple Pay. Debit and prepaid customers will only get $10 to sign up and...
Facebook CEO Mark Zuckerberg laid out his company’s three, five and 10-year-plans Tuesday (Oct. 28), and none of those plans involved Facebook launching its own payments engine. But that doesn’t rule out Facebook choosing to have a major influence, as Zuckerberg said the massive social operation...
The Consumer Financial Protection Bureau (CFPB) is looking hard at banks’ policies on opening consumer checking accounts, including the third-party databases they use, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Although it’s widely known that Apple Passbook is an area that very few shoppers have bothered with yet, what is less clear is why and whether Apple Pay’s repeated use of Passbook is going to motivate shoppers to try it directly. A report from Flagship...
It’s no secret Twitter wants to be the next big player in E-commerce, but it is a mystery, at least to those listening in to Monday’s (Oct. 27) call with investors, how. Some three-and-a-half months after buying CardSpring, a payments infrastructure firm, company executives had...
Here’s a cyberthief twist. Thieves are routing bogus transactions through Brazil and are riding under the cover of EMV. The twist? “They were all submitted through Visa and MasterCard‘s networks as chip-enabled transactions, even though the banks that issued the cards in question haven’t even...
Apple CEO Tim Cook said that more than one-million payment cards were activated within Apple Pay within 72 hours of its launch a week ago. Cook also dismissed the CVS and Rite Aid decision to back down to MCX and stop accepting Apple Pay as...
The war on obesity is starting to wrack up casualties from causes other than diabetes and heat disease. McDonalds has seen its profits take a 30 percent hit in Q3 2014. The problems on U.S. soil with changing opinions on fast food were compounded by...
What is behind the death of so many seemingly well-thought-out digital health startups? According to one prominent VC in that space, the answer is a lack of understanding of payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
