Bank-owned fraud prevention provider Early Warning will acquire mobile authentication vendor Authentify, the companies announced on Tuesday (April 7). Terms of the deal weren’t announced, and the companies didn’t say when they expected it to close. The acquisition agreement beefs up Early Warning’s options for...
Microsoft has officially entered the world of payments. The Windows software giant has received its first money transmitter license from the state of Idaho’s Department of Finance, USA Today reported on Monday (April 6). Microsoft Payments Inc. has also registered with the U.S. Treasury Department’s...
Apple Pay is violating the Dodd-Frank Act’s Durbin amendment, retailer groups say — at least the way Apple’s mobile payments system is currently implemented — and the groups are calling on Apple, Visa and MasterCard to meet the requirements of the law, American Banker reported...
Uber filed a complaint against Spain with European Union regulators this week, charging that the country violated E.U. laws by banning some of Uber’s services, The Wall Street Journal reported on Wednesday (April 1). That follows similar Uber complaints against France and Germany in early...
App revenue per device will grow by 2.5 times by 2018, with freemium apps and in-app advertising driving most of the growth, a new report from App Annie and IDC is projecting. In-app ads will grow by a factor of 3 by 2018, and sales...
With the Oct. 1 EMV liability shift just six months away, banks and payment-card brands are beginning to get nervous about the slow uptake of EMV point-of-sale systems by smaller businesses. Part of the problem is complexity — small merchants don’t have IT departments, and...
The U.S. Food and Drug Administration is re-emphasizing that it will give plenty of regulatory leeway to health apps for the Apple Watch and other wearable devices, after the agency issued new guidelines last month, Bloomberg News reported. “We are taking a very light touch,...
Alibaba’s money market fund Yu’ebao has added more than 140 million users in the past year and reversed a brief slide in the amount of money it manages, according to Tech in Asia. Ant Financial, the affiliate that Alibaba created for its financial services to...
While Facebook’s F8 developer conference in San Francisco this week had plenty of payments- and eCommerce-related news, one set of announcements that didn’t seem to have much to do with money, retailing or even Facebook’s bread-and-butter advertising business was the social network’s unveiling of new...
