The Consumer Financial Protection Bureau (CFPB) on April 9 ordered Bank of America Corp. (BofA) to provide an estimated $727 million in relief to roughly 1.4 million consumers it says were harmed by deceptive marketing related to controversial credit card add-on products. BofA also illegally...
ComScore just published its 2014 US Digital Roadmap which is stuffed with amazing data points. We’ve boiled it down to the 5 essential truths about payments, commerce and the US digital consumer and added some of our own key insights so you can plug and...
Show-rooming, or when customers browse in-store but buy online, has already cut a red swath through the heart of retail. It has pushed some businesses, like consumer-electronics purveyor Circuit City and bookseller Border, out of business, and forced department stores and other retailers to rethink...
The path toward mass adoption for its mWallet has been littered with hurdles for the normally invincible Google, but the online search giant remains committed to its payment project and optimistic about its future. “We have been doing this for a while,” Google head of...
A program run between 115 Japanese supermarkets and convenience stores to share biometric customer face data has drawn criticism for offering a wide variety of possible customers’ rights abuses. The shop-lifting prevention system operated by a Nagoya-based software development company, scans and stores customer face data...
Currently 46-states have passed data-breach legislation and New Mexico is heading toward being the 47th. State legislators in the Southwestern state are currently considering HB 224, which would mandate that organizations notify individuals whose data has been compromised as the result of a breach within 10...
As bitcoin ATM’s spring up around the nation and world that give consumers a real-world location to make cash-to-virtual currency (and vice-versa) exchanges, Cryptex is going one step further by offering the first global Bitcoin-to-cash ATM and debit card. These cards are tied to any bitcoin...
Australia’s Security and Investment Commission (ASIC) has recently publicized concerns that businesses are overcharging for credit card transactions because policing such behavior has slipped between the cracks between two regulatory bodies. Airlines, utilities taxi companies and other low-competition marketplaces are where the overcharges are most...
Minneapolis-based start-up Apruve started with a simple goal: making painful, time consuming purchasing-and-approvals processes that often plague small businesses and school districts a thing of the past. Instead of making purchases personally or with institutional cares, Apruve-affiliated merchants offer a “pay with Apruve” button. Employees looking...
