Apple took the unusual move Tuesday (Nov. 16) of shutting down all of its online sales in Russia due to what Apple said were “extreme” ruble fluctuations, Bloomberg reported. Those fluctuations cost the ruble as much as 19 percent of its value Tuesday. “Our online...
Global payments vendor Adyen on Tuesday (Dec. 16) said that it has closed $250 million in new funding, led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures. “Adyen is at the forefront of a rapidly globalizing...
Apple, which uses its iTunes accept/reject power to control potential rivals, is slightly loosening control on Google Wallet. A new update to the mobile app released on Monday (Dec. 15) now allows for extensive use of the iPhone’s Touch ID, enabling Google Wallet users to...
Some iPhone accessories that attach to the phone via magnets—an attachable better camera lens is an example—may disrupt NFC communications and, therefore, Apple Pay, 9to5Mac is reporting. The idea that magnetized devices could cause problems for a smartphone is not new, as Apple itself has...
Mobile payments aren’t quite ready for prime time — at least not in Boston. That’s the conclusion of a Boston Globe writer who tested mobile-payment offerings from several local companies — with limited success. Writer Scott Kirsner did most of his tests using LoopPay CardCase,...
Its newfound investment dollars—which have given the company a $41 billion valuation—are financing a massive international lobbying operation, catching state and municipal leaders offguard, according to an extensive Washington Post probe of Uber’s lobbying efforts. “San Francisco-based Uber has pioneered not just a new sort...
American Express CEO Kenneth Chenault is not so certain that Bitcoin is going to play a dominant payment role any time soon. “There’s a reason credit cards were invented,” Chenault said at an industry conference Thursday (Dec. 11), according to a report in The New...
Uber Technologies is selling a minority stake to Baidu, which owns China’s largest search engine, in a cash and non-cash asset deal that “may be worth as much as $600 million,” according to a China National Radio report as noted by Bloomberg. The Baidu investment...
Priceline.com has integrated Apple Pay into its IOS app, allowing payment via Touch ID, saying that mobile users are much more likely to use it than Priceline’s desktop customers. “Our customers are smart, and on-the-go, and our mobile customers are two times more likely to...
