Frustrated with Japan's centralized, primarily in-house card-issuing market, TSYS has decided to leave the country and focus its efforts on other business opportunities. In recent short order, the processor has landed a number of major deals, including with the UK's Virgin Money and a partnership...
Alipay, the payments arm of Chinese eCommerce giant Alibaba, has taken a giant step away from its massive parent company with a tie-up with Japanese e-commerce company Rakuten. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Pinpoint, a Sydney-based provider of loyalty and rewards services for banks and merchants in the Asia Pacific region, has struck an acquisition deal with MasterCard for an undisclosed sum. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Analysts were in shock and awe yesterday, April 15, to lean that Alibaba, the Chinese e-commerce giant that is acquiring and investing in US companies, had $1.36 billion in Q4 profits.--more than 2x the year before. (The info was courtesy of Yahoo which has a...
Chinas UnionPay now has the world’s top-used debit card, having taken the honor last year away from long-time leader Visa, according to the Nilson Report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A program run between 115 Japanese supermarkets and convenience stores to share biometric customer face data has drawn criticism for offering a wide variety of possible customers’ rights abuses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In the coming month Australian small business will have a chance to accept credit card payments more easily, thanks to an assist from PayPal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Zhejiang Finance Credit Network Technology, a Jack Ma-owned company, has made a 3.3 billion yuan (US$532 million) deal for a more than 20 percent stake in Chinese financial-software developer Hundsun. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
After much speculation that it was coming, China’s Central Bank has ordered commercial banks and payment companies nationally to close bitcoin-trading accounts in two weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
