Wal-Mart, Among Others, Opt Out of Credit Settlement
5/22/2013
Nineteen major retailers are exercising their options to opt out of the proposed antitrust settlement with Visa and MasterCard. Included in this decision to opt out are Wal Mart, Starbucks, Gap Inc., Lowe’s , Costco Wholesale Corp., and Nike. Merchants...
Boost Mobile Enters the Mobile Wallet Arena
5/22/2013
It was only a matter of time before the telecom companies entered the payments space, and Boost Mobile has begun a pilot project to stake its claim. From Giga Om Sprint owed prepaid operator Boost Mobile unveiled a mobile financial...
FICO: France Becomes Europe’s Leading Payment Card Fraud Victim
5/22/2013
FICO, one of the leading analytics and management software companies, announced earlier this week France had surpassed the United Kingdom for payment card fraud in 2012. While the majority of European countries saw card fraud level rise, France took the...
First EMV-compliant ATM Live at People's United Bank
5/22/2013
From Business Wire The first EMV compliant ATM in the U.S. is live and in use. NCR Corporation has begun upgrading ATMs at People's United Bank with the new consumer card security technology, in conjunction with Vantiv and Pendum, the...
Tabbedout Integrates with Google Wallet
5/22/2013
Tabbedout, the app that enables bar and restaurant patrons to settle tabs remotely, now allows users to pay with Google Wallet. In order to encourage users to take advantage of this partnership, Tabbedout is offering a one time $7 credit...
Accounting for Bitcoin, Article Shows the Fluctuation in Value
5/21/2013
Recently, a Forbes reporter tried living using nothing but bitcoin for payments for a week. She published a spreadsheet that showed her spending and the U.S. dollar equivalents for each purchase. From Forbes A few readers asked if I would...
Social Gifting Platform Boomerang Has Reached 1 Million Gifts
5/21/2013
Boomerang, a social media gift company has announced that it has had 1 million gifts claimed on its platform. From All Facebook Boomerang, which allows users to give gifts to their Facebook friends, announced Monday that 1 million gifts have...
LevelUp Reaches Agreement with NCR
5/20/2013
LevelUp has reached a deal with NCR, enabling its mobile payments solution to integrate with the hardware company’s point of sale equipment. LevelUp had previously reached a similar agreement with POS system developer Micros. Partnerships such as these are a...