Capital One said significantly fewer of its credit card holders defaulted on their card debts in the third quarter — but the bank’s CEO called that situation “unsustainable” and said he expects the chargeoff rate to bounce back in 2015 to 2013 levels, according to...
Amazon, which at one time had the reputation for undercutting other e-tailers with slightly lower prices, has lost the online pricing edge to both Walmart and Target. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Two Major League Baseball stadiums will be accepting Apple Pay and will do so just in time for the World Series Tuesday (Oct. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Henry Ford didn’t invent the car, the internal combustion engine or the wheel— those honors go to Karl Benz, Nikolaus Otto and Eugene Langen (or Eugenio Barsanti and Felice Matteucci) and an unknown early human who lived before the era of patents. And yet when asked about...
The Bitcoin payments processor that was created by former Visa and Cybersource people, Bitnet, has pulled in $14.5 million in funding, including from a new player on the digital currency scene: Rakuten. Get the Full Story Complete the form to unlock this article and enjoy...
When the Open Payments launched earlier this month, it had the same kinds of small glitches that many major site launches have. But this site, designed solely to shed light on B2B medical payments, skipped some $1.1 billion in transactions, according to a Wall Street...
Financial service companies are expected to invest about $110 billion in various payment technologies by 2017, with mobile getting a very healthy percentage of those funds, projects Frost & Sullivan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Nobody in the real world likes failure. When new business ventures are launching, entrepreneurs talk about the great and potent success they plan to enjoy, not the many valuable lessons they will learn in the wake their inevitable failure – a reality is that 99.99...
Apple Pay is probably the best positioned mobile payments solution to emerge in a long time. When Apple announced Apple Pay it did in ‘two hours’ what no one else could do in ‘ten years’ – most notably brought NFC back into the map. Consumers...
