China’s largest banks last year handled the bulk of mobile sales activity, though younger nonbank competitors handled the most mobile transactions, according to a report released earlier this week. Banks in the country in 2013 processed 1.67 billion smartphone-initiated worth 9.64 trillion Yuan (about $1.6...
Tap-and-go credit cards might be convenient for consumers, but they could also be convenient for thieves. At least, that is the mindset of some law enforcement in Victoria, Australia. According to Victoria Police Chief Commissioner Ken Lay, tap-and-go credit cards have been a driving factor...
Target Corp. has formed a digital advisory council to help in efforts to accelerate its digital activities online and in stores. The council also will guide Target’s omnichannel strategies and push Target to innovate faster, and to discover new ways to leverage technology to enhance...
An inaugural quarterly fraud-index report from online-payments provider 2Checkout identifies Discover and Diners Club credit cards as experiencing the most amounts of fraud and Acculynk payments as having the least fraudulent activity. Discover and Diners Club scored a fraud-index rate of minus-75, indicating that consumers...
Ready to order that cheeseburger through your phone? The Finland-based burger company Hesburger can now offer its customers that solution. In November 2013, Hesburger signed an agreement with Seamless, which developed the mobile wallet SEQR. According to a Seamless press release, there are 280 Hesburger...
MasterCard is extending its zero-liability policy in the U.S. to include all MasterCard PIN-based purchases and ATM transactions, the company announced May 28. The network has provided similar protections on signature debit and credit card transactions for quite a while. The major card networks have...
NCR Corporation recently released data on the level of mobile checking deposits made in Canada, and found that mobile deposits have doubled every quarter since April 2013 when Canadian banks began deploying to their customers. Last year, the Canadian Payments Association approved the check image...
PatientPay, which provides cloud-based payment services to more than 30,000 healthcare providers, is announcing later today a $2.5 million investment from San Francisco-based Mosaik Partners. The new funding closes an institutional “A” round for PatientPay, which has now raised a total of $6 million. “PatientPay...
Mphasis and Basware created a partnership to provide F&A Business Process Services spanning purchase-to-pay and e-invoicing. The service will feature a plug-and-play model with transaction-based pricing, to maximize efficiencies in the F&A function in organizations. Mphasis an Indian IT solutions provider that offers applications, business...
