U.K. payments group Bacs is warning corporate IT managers to upgrade their systems or face potential disruption of supplier payments. Bacs Payment Schemes is advising its corporate clients that, starting June 13, the company will adopt a new security process and end its support of...
A single POS platform to rule them all. That’s the POS footrace that’s underway today – a race that may be as grueling as running three Ultramarathons back to back. Henry Helgeson, co-founder and CEO of Cayan, tells Karen Webster why re-architecting payments isn’t just...
Will there be a wall to keep out the data breaches? Amid primaries and nonstop media coverage, one Trump is proving victim to cyberattacks, perhaps, and that is the Trump Hotel Collection, a portfolio of luxury locations. Krebs on Security reported that the hotel properties...
A smaller-scale smartphone from Apple has generated a consumer response to match, at least initially. In its debut this past weekend, the Apple iPhone SE — offering a neo-retro design on par with the aesthetics of older iPhone models (namely the iPhone 5) but most of...
JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. The move comes following the bank’s initiative to allow ATMs to dispense an unlimited number of $100 bills, which, unsurprisingly, led to abuses and people pulling tens of...
It is a spring for big anniversaries it seems. Last week, Apple celebrated a milestone of 40 years in existence, and this month, PayPal’s mobile money is ringing in its first decade. “On April 6, 2006, seven years after PayPal’s first foray into mobile payments,...
Groupon has raised $250 million in fresh investment from Comcast-backed Atairos. As part of the investment deal, the two companies are planning on working together to build upon their local advertising platforms. Groupon said it plans on using proceeds from the investment to fuel its growth and...
The segment of Western Union known as Western Union Business Solutions, geared toward payments services, said on Monday (April 5) that it is launching WU EDGE, a digital platform that focuses on international trade among small to mid-sized companies. The platform is getting its debut...
Bank of America Merchant Services has expanded to Europe with the launch of a new unit. The new unit, called BofA Merrill Lynch Merchant Services (Europe) Limited, was launched with the intention to serve global clients with cross-border merchant services. These services will enable eCommerce, card-present and card-not-present...
