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...
The days of old school wire transfers may be numbered, as Western Union announced yesterday (Jan. 27) it will now accept Apple Pay at its “flagship locations” and affiliated outlets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The problem with a financial crisis is that the climb out has been particularly arduous for consumers and retailers. Even though spending and wages have recovered (albeit slowly and at a lesser rate than many would like) spending continues to frustrate. Consumers may be returning...
This October, the United States will hopefully be fully converted to EMV card security, a system designed to combat fraud and identity theft, which has hit major chains like Target as of the last few years. A group of people who were victims of that...
One industry that could be considered a prime candidate for innovation is health care spending, particularly financing elective health procedures. On Jan. 27, TechCrunch reported that loan servicing agency Prosper Marketplace bought elective health procedure lender American Healthcare Lending for $21 million, as that company looks to...
After many months of sitting on “pins and needles,” waiting for the Fed to disclose more specifics on its plans to deliver “faster payments” here in the U.S., the world got the results. And, a result that MPD CEO Karen Webster described as somewhat “anticlimatic.” The...
Big data has begun to be used with increased frequency to determine creditworthiness and the ability to get financing without formal bank statements. British startups like HelloSoda and Filipino startups like Lenddo have used social media driven algorithms to provide this service to banks and...
February in America means two important holidays for retailers: the Super Bowl and Valentine’s Day. While the specific items and reasons for purchasing may be different, both are days when retailers aim to get it right either through sales or advertising. To break down this...
Apple Pay thus far has been hit or miss when it comes to vending machines and other similar self-service, standalone hardware. However, with USA Technologies’ announcement that it’s bringing Apple Pay to around 200,000 of these self-serve payment terminals – which include everything from coffee...
