News

Alternative Finances
ControlScan Hopes To Better ‘Guide’ Customers With Site Redesign
May 30, 2014

ControlScan announced on May 29 that it had redesigned its PCI Compliance Guide website. The payment security and compliance solution provider said in a company statement that the website is meant to keep merchant service providers (MSPs) and small to mid-sized businesses (SMBs) current on changes...

Mobile Commerce
Google Enhances Ecommerce Functionality
May 30, 2014

Google announced during the Google Analytics Summit 2014 that it had created a new feature designed to better understand customer behavior and the effectiveness of merchandising efforts. The Internet powerhouse company released what it calls “Enhanced Ecommerce,” in an effort to help businesses better understand...

Loyalty & Rewards
PYMNTS Exclusive: “Freemium” App Model Rules All, Says Bango
May 30, 2014

Apps are limiting business models, and the basic “pay to play” model has been challenged, according to recent analysis from Bango, a mobile payments solution for app stores such as Google Play, BlackBerry World, Windows Phone Store and Firefox Marketplace. The results shared exclusively with...

Mobile Commerce
New Mobile Wallet Application Launches
May 30, 2014

On May 29, DSB Bank announced that it had launched DBS PayLah!, its mobile wallet application. According to a recent Today article, the application lets DSB customers, as well as POSB customers, to use their mobile phones to pay for purchases, send and receive funds...

B2B Payments
A ‘Sandbox’ Designed To Aid Fintech Startups
May 30, 2014

Playing in the sand is something generally meant for kids playing at the beach, but the phrase is going to take on new meaning, thanks to Thomson Reuters, Fidelity Investments and Amazon.com. The three companies launched Fintech Sandbox, which is designed too support technology startups...

Alternative Finances
Will An Uber Protest Shut-Down Downtown In London?
May 30, 2014

Taxi driver in London are mad as hell, and not going to take it anymore, according reports in Business Insider. Taxi drivers are planning to move ahead with a protest aimed at shutting down large sections of central London with traffic, congestion, noise and chaos over...

Merchant Innovation
Apple Reaching Out to Top Retailers As It Contemplate Payments Push
May 30, 2014

After all the speculation it seems Apple is finally ready to start making its push into payments, albeit slowly. According to reports in 9to5Mac executives from the high design tech company have reportedly been in meetings with retail chain directors about a mobile payments servicce. So...

Financial Inclusion
Alibaba Eyes SingPost
May 29, 2014

Alibaba will invest SGD 312.5 M (USD 249 M) for a 10.35% stake in Singapore Post. SingPost is a leading provider of e-commerce logistics solutions and trusted communications in the region. The press statement said that the collaboration between them “leverages the core competencies of...

Mobile Commerce
Wet Seal: Ecommerce Sales Up 8.3 Percent
May 29, 2014

Wet Seal, Inc. released its first quarter financial results this month, showing that while comparable store sales declined by 16.9 percent in the first quarter, e-commerce sales increased by 8.3 percent in that same time. According to Wet Seal CEO John Goodman, the company is...