News

Loyalty & Rewards
Loyalty App Lootsie Raises $3.5M
January 29, 2015

Lootsie, a start-up designed to allow developers to add reward programs to their games and other apps, has announced taking in an additional $3.5 million in funding. Co-founder and President Brandon Werber told TechCrunch that the announced take represents funding that the company took in over time...

Millennial Consumers Twice As Likely To Use A Mobile Wallet
January 29, 2015

A recent survey by FICO indicates that Millennials are more likely to embrace alternative banking services than their older counterparts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

EMV Transition Progressing Nicely Says MasterCard
January 29, 2015

As the liability shift creeps closer (245 days as of the writing of this article) in the U.S., the migration to EMV is progressing well, according to MasterCard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Hmmm
Sandberg Hints At Facebook’s Payments Intentions
January 29, 2015

Facebook CEO Mark Zuckerberg’s plans for his social network are clear: “We’re making progress towards connecting the world,” he wrote in prepared remarks in the company’s fourth-quarters earnings release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Major Banks Cashing In On Apple Pay Potential
January 29, 2015

On Jan. 22, 1984, Apple ran a commercial during the third quarter of the Super Bowl that helped define its brand, teasing to the release of the Apple Computer Macintosh that ended by saying “you’ll see why 1984 won’t seem like 1984.” Get the Full Story Complete...

Redefining ‘Integrated Payments’ At The POS
January 29, 2015

Some thirty years ago, what made Datacap Systems, Inc. unique was that it was first to bring integrated payments into cash register technology. Now, as POS technology has evolved, the meaning of the buzzword “integrated payments” to traditional acquirers and innovators alike has completely morphed...

Citi’s Digital Chief Says Bitcoin’s Economics Are Flawed
January 29, 2015

Bitcoin’s economics are inherently flawed and it isn’t mature enough for mass adoption, according to Greg Baxter, Citi’s head of digital strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Samsung And Apple Are Now Neck-And-Neck In Smartphone Sales
January 29, 2015

Barely 24 hours after Apple announced the biggest quarterly profit in history, smartphone rival Samsung Electronics reported that its own quarterly earnings fell 27 percent in Q4, and it now sells just about as many smartphones as Apple. Get the Full Story Complete the form...

International
Will Alibaba Stand Down In Its Fight With China’s Commerce Ministry?
January 29, 2015

A war of words between the Chinese commerce ministry and Alibaba may now be cooling down after several days of heated rhetoric that has seen accusations, threats and personal attacks, after a government report last week criticized Alibaba’s Taobao, China’s largest online marketplace, for the...