Non-cash payments ticked up 10 percent in 2013 to 366 billion transactions, pulled along by intense growth in developing markets. According to RBS data, nearly a quarter of all global non-cash transaction growth–that’s about 93 billion transactions–happened in those developing markets. China remains less developed...
Dwolla hit the market with a simple enough goal: build a scalable, global payment network capable of taking on national automated clearing houses and card schemes. The goal is and was to create an easy and low cost way to move money. With $9.7 million...
The PayPal/EBay separation is a story of contradictions. eBay says that the fast pace of the payments space—and the huge recent changes (Apple Pay and Alibaba’s IPO)—require a move right away: So they’re saying that they will separate by the end of 2015. Get the...
The Whole Foods grocery chain is trialing a one-hour mobile delivery program, where shoppers place their orders on a smartphone, in 15 cities in the U.S.. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Wanting to keep its most critical pilots near its headquarters in Bentonville, the world’s largest retail chain this began filling same-day Internet grocery purchases at a drive-thru facility in Bentonville on Tuesday (Sept. 29). Get the Full Story Complete the form to unlock this article...
Declaring that “the industry landscape is changing and each business faces different competitive opportunities and challenges,” eBay CEO John Donahoe announced Tuesday (Sept. 30) that PayPal will be split into its own publicly-traded company. Get the Full Story Complete the form to unlock this article...
Loyalty and CRM services and technology company Brierley+Partners has announced Google Wallet support that will allow customers to better organize their various loyalty programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Korean online payment market is rapidly expanding, but there is no native online payment service such as Alipay or PayPal to serve the increasing number of people looking for a digital platform for card and payment information. Get the Full Story Complete the form...
Apple Pay’s U.S. business model is based on issuers giving it a rebate on the fees they collect from merchants. But what happens when those fees are really low and headed lower? That’s Apple’s issue in Europe as it looks across the pond to find...
