News

Merchant Innovation
Square Ditches Its Mobile Wallet
May 12, 2014

As of May 12th, Square will no longer be offering its mobile wallet for download from either the Apple or Google stores, though they are now offering Square Order. This function will allow users to both pick-up orders from, and pay at  Square merchants right from...

Commentary
Alibaba: The Other 550M Gorilla in Payments
May 12, 2014

While everyone in payments has been focused on another player out west whose name begins with an “A” no one has really paid much attention to the other one even father west with even greater payments and commerce ambitions. MPD CEO Karen Webster gives you...

Media Center
Budgeting: Are Prepaid Cards the Future of Personal Financial Management?
May 12, 2014

Motherhood. Apple pie. Budgeting. Okay, maybe that’s a bit of a stretch but a new report from i2c on the benefits of prepaid as a budgeting tool might actually give that “b-word” more status in the eyes of consumers these days and issuers a new...

Company Spotlight
Will Wallets Mobilize Mobile Point of Sale?
May 12, 2014

Go big or go home. Recent industry trends show that top mobile point-of-sale players are now fixated on distribution – gaining scale and volume by forming partnerships and enhancing their mPOS platforms. Many of these partnerships are taking shape thanks to the interest in integrating...

News
General Electric Beefs-Up Security Commitment With Acquisition Of Wurldtech
May 12, 2014

GE announced Friday that it has agreed to purchase cyber-security firm WurldTech as one of several recent moves to “help protect critical infrastructure and advance cybersecurity efforts globally for key industries,” according to a released statement by GE. WurldTech specializes in operations technology and will focus...

Alternative Finances
Walmart-Housed Banks Among Top Fee Collectors
May 12, 2014

Banks located within Walmart stores are unique in a few regards. They often cater to lower-income patrons more frequently than normal, often to those who are considered “risky” prospects who have heretofore been locked out of traditional banking. They also are among America’s top fee...

Cool
Consumers Get Back Into Credit
May 12, 2014

The Fed released a new report last week that shows an uptick in credit card applications for just about all domestic banks. But which consumer groups are getting their credit groove on (or want to?).

Mobile Commerce
Polyvore Arrives on Android (Finally)
May 12, 2014

The Polyvore community up until now has had two things in common. 1) An overwhelming desire to export their style to the world by pinning collages of outfits and accessories to Pinterest and 2) Use of iOs. The style-conscious and largely-female user base of the Polyvore app...

Merchant Innovation
Apple Focuses On Enhanced Security and NFC Integration With POS Upgrade
May 12, 2014

Apple has started pushing its new upgrade to the EasyPay mobile POS system within the United States which will allow for interactions with EMV (“chip-and-pin”)cards while also preparing for the coming possibility of a rise in contactless credit card purchases through NFC. The EMV integration is...