The U.K. Cards Association announced on Thursday (May 19) that the monthly spending on contactless cards reached a record £1.5 billion in March 2016. In Nov. 2015, monthly contactless spending hit £1 billion. Today, one in seven of all card transactions that take place in...
Swedish mobile banking outfit Tink has ended the week on some good news. The firm has picked up $10 million in a Series B funding round led by Swedish investment firm Creades and SEB Venture Capital, the venture arm of Swedish bank SEB. That $10 million...
As June rolls up — and Christmas suddenly presents itself as a problem that will have to be solved in six months — many Americans will resolve that, instead of hitting the plastic this year, they will start saving a little bit here and there,...
TD Bank is saying ciao to the good, old penny-counting machines that have adorned its branches for several years now. The bank’s decision comes after a NBC investigation found that the penny counters were miscalculating the spare change and cheating kids out of their piggy...
In Canada, Beanstream has reportedly captured 30 percent of the nation’s eCommerce market in helping businesses receive and make payments. The company revealed this week that it is now entering the U.S. market to provide businesses — retail and otherwise — the same capabilities. Beanstream...
You win some, you lose some. Last week’s venture capital spree in the B2B startup arena has fizzled out, and we’re left with but a few investment rounds. VCs were more trendy than ever, planting their funds in up-and-coming industries. This time around, $56 million...
Banking is now entering the on-demand, voice-activated fold. In the May edition of the Digital Banking Tracker™, PYMNTS spoke with Ed Metzger, Santander UK’s Head of Innovation, Technology and Operations, about how they are leveraging this hot new technology to reimagine how banking happens in...
The concept of curbside pickup is nothing new in the world of omnichannel offerings. In fact, the concept dates back to 1921 in Dallas, where motor vehicles were booming in popularity and two entrepreneurs realized that drivers might like the convenience of having food brought...
So, you’ve got a disruptive, emerging technology. Now what? In fleet, getting that technology off the ground needs to include a frictionless payments mechanism to make the transition from legacy technology easier. That’s exactly what’s happening in the electronic vehicle (EV) industry today. EV is...
