PayPal has discovered yet another flaw in its two-factor authentication system. Actually, it’s more accurate to say that PayPal has had another flaw discovered for them. What a teenager has done is turn PayPal’s two factor authentication into one factor authentication, if the shopper is...
Call it the efficiency effect, but shoppers are making an increasingly large number of their purchases outside of physical stores—or at the very least, not making those purchases directly through those stores, such as going into a store to see an item and then purchasing...
Customers of Japan’s Rakuten bank now have a new, and very different, option when it comes to transferring money to another person—using Facebook. Transfer by Facebook allows senders to move funds without knowing a customer’s bank, branch, or account number. It is a similar idea...
“There are a million good ideas out there,” says Marc Gardner, President and CEO of North American Bancard, a mobile commerce platform that powers PayAnywhere. Gardner gave PYMNTS a tutorial on how to turn “a million good ideas” in payments into an innovation homerun –...
The countdown to EMV continues to run down, as of the publication of this article there will be (August 5) there are less than 500 days until EMV adoption will be required, and it is looking increasingly likely that credit unions will be missing the...
Apple has been rumored to be close to supporting NFC for more than four years, with Apple never doing it. That ambivalence is critically important, as the aggressive pilot-happy demographic that loves the iPhone is exactly the audience that NFC needs to woo. As long...
Spending on credit cards is back in vogue. And this time, issuers are reaping the benefits of better loan quality. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
After months of rumors, Square confirmed Monday (Aug. 4) that it has purchased Caviar, a food delivery service, for an undisclosed amount. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
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