Technology giant Apple is trying to get the most functionality out of the iPhone before the next chapter of personal and portable computing is written. Subscription-based services, digital content, and mobile payments are some of the verticals that Apple has been exploring for the purpose of squeezing more profits from the iOS ecosystem, and this […]
Apple Launches Express Transit Payments For Commuters Read More »
In the United States, prepaid wireless services took a while to catch on; while customer demand was certainly there from the beginning, telecoms were somewhat apprehensive about deviating from the tried-and-true service contract and monthly billing arrangements. Eventually, American providers of wireless services gave into demand, and they marketed this option as being more convenient,
More Than a Million T-Mobile Prepaid Customers Impacted by Data Breach Read More »
Over the past 15 years or so, phishing has been an unfortunately effective practice whereby a thief will make an attempt to obtain peoples’ login information to a number of websites. The fact that it’s still being used extensively to this day is a testament to just how effective a scam it is. Vade Secure
PayPal Top Target for Phishing Read More »
This week, major U.S. department store chain Macy’s revealed that they were targeted by a malicious online cyber attack that attempted to steal the payment information of their customers. The macys.com website became infected on October 7 with what they’re only referring to as “unauthorized code” on their “My Wallet” and “Checkout” pages. This allowed
Macy’s Website Hacked Read More »
Various technology giants have been looking at the emerging mobile payments sector with great interest, particularly if they have already claimed some market share with regard to mobile devices, apps, and services. The big three in this regard are Apple, Google, and Samsung, and it could be said that Apple is in the best position
ApplePay Faces Challenges in Europe Read More »
PayPal’s international money transfer service Xoom has this week made the announcement that, for the first time, their customers will be able to make money transfers to recipients in the United States. These P2P mobile payments will occur in a matter of minutes thanks to strategic alliances set up with Walmart and money transfer company
PayPal’s Xoom Launches Domestic Money Transfers with Walmart Read More »
More than a year after announcing the launch of MasterCard Track, a B2B digital platform for improving global trade among small businesses, MasterCard has unveiled new plans to modernize business-to-business transactions even further. The new MasterCard Track Business Payment Service expands the focus of the digital platform for faster payments and data collection. What Is
MasterCard Launches Global B2B Service Read More »
According to recent data released by Adobe Analytics, American shoppers will be going online to spread the holiday cheer among retailers in 2019. The Adobe study was published a few weeks ahead of Black Friday and Cyber Monday, two of the most active and lucrative shopping events in the United States. As has been the
US to Spend Record 126 Billion Online This Holiday Season [2023 Update] Read More »
AI has been something of a hot topic over the last few years, and many are debating whether or not its impact on human life is a good thing or a bad thing. AI is being relied upon more and more frequently by today’s enterprises, especially when it comes to cybersecurity. Here’s a look at
How Artificial Intelligence is Impacting Cybersecurity [2023 Update] Read More »
With 2020 looking to be the year that all the next generation games consoles will begin to hit the market, it won’t come as a surprise to learn that many eager consumers are starting to put money aside. For many, a lack of immediately available funds will direct attention to credit, but this past week,
Citizens Bank Partners with Microsoft for Xbox All Access Read More »
According to the 2019 Fraud Attack Index by e-commerce security company Forter, attempts at defrauding online retailers have, for the second year consecutively, increased with online electronics and food and beverage retailers seeing the biggest hits. After going through merchant and transaction data, Forter determined the rate at which e-commerce fraud attacks occur has increased
Online Retail Fraud on the Rise Read More »
Digital payment processing startup Stripe Inc said in a press release it raised $250 million in its latest funding round, bringing its pre-money value to $35 billion, which is more than a 50% increase to its valuation at the beginning of the year. After raising $100 million from Tiger Global Management in a Series E
Stripe Funding Round Values Company at $35 Billion Read More »
The Wall Street Journal has been reporting this week that CEO of both Twitter and payment processing company Square, and longtime advocate of Bitcoin, Jack Dorsey has been a prominent investor in the two-year-old company CoinList during their Polychain Capital-led $10 million funding round. What is CoinList? CoinList was founded in San Francisco two years
Twitter CEO Backs Cryptocurrency Startup Read More »
In a not at all surprising turn of events, Kroger has decided to cease their ban on Visa payments across all of their 130 Smith’s Food & Drug stores. Why the Ban? Earlier this year, after slamming Visa’s transaction fees, Kroger decided to take action against Visa. Saying that they’ll “drive up food prices for
Kroger Will Begin Taking Visa Payments Again Read More »
Near field communication (NFC) transactions have been rising steadily all over the world for several years now, and in Canada, the dominance of mobile payment technology is no exception. According to Visa Inc’s Canadian unit, Canadians are now more comfortable than ever with the use of mobile payment technology, with as many as 52% of
Canadians Prefer Contactless Payments Read More »
On Monday, UniCredit revealed to the public that a 2015 file comprised of names, addresses, phone numbers, and email addresses pertaining to more than 3 million of their customer base was compromised and leaked. This occurred in spite of spending an additional €2.4 billion over the past 3 years on cyber security enhancements to their
UniCredit Unveils Data Breach That Involves 3 Million Users Read More »
Uber is making an exciting new push into financial services and technologies for its drivers and couriers. Essentially a digital wallet platform with upgraded debit and credit cards, the drive behind Uber Money is to provide its more than 4 million drivers and couriers worldwide access to an Uber bank account through which they can
Uber Announces Uber Money [2023 Update] Read More »
On Thursday, October 10, 2019, international payment services provider Ingenico announced its plan to open up the mobile payment processing market in China to the world through several unprecedented business partnerships. Ingenico has decided to focus in-country on China’s local e-commerce and mobile payment systems: It has partnered with bank card services provider UnionPay and
Ingenico Offers New Mobile Payment Option For China [2023 Update] Read More »