Intuit Inc agreed to buy Check Inc. for $360 million in a deal that was signed on Friday, reports Reuters, who noted a Wall Street Journal report that cited people familiar with the situation. Intuit is the developer of tax-preparation software TurboTax, while Check Inc is a...
The newly convened Euro Retail Payments Board (ERPB) is getting ready to create to working groups. The group’s area of study will be the role of mobile and ‘innovative’ payments methods. This will follow on the heels of the Eurzone’s SEPA migration. During their inaugural...
A House Energy and Commerce subcommittee on May 22 held a hearing to discuss a bill it introduced that day that would enhance state and federal enforcement of fraudulent patent-demand letters, which the retail industry says costs the economy $30 billion a year. The bill...
It looks like I poked the hornets’ nest and awakened the slumbering bear at the same time with my article last Friday about Overstock not really taking bitcoin. The hysterical reaction is puzzling since the point of my article is simple and no one, including...
And because we knew you couldn’t live without this tidbit of payments news, the total tab for the Kimye Wedding this past weekend was … drumroll please … easily $20 million. Twitter first broke the news and itemized the costs as follows: Rehearsal Dinner ...
As many portend the death of physical retail in some categories bricks will dominate clicks for years to come, so says a recent study by Kantar Worldpanel. They report that it will take at least 10 years before internet plays like Amazon’s Dash capture even...
Skrill, a European e-wallet provider with 35 million users and Yandex.Money, the largest electronic payment system in Russia with 13 million users, signed a partnership last week which will enable Skrill to expand into Russia. As part of the deal, Yandex.Money will be integrated in...
A new report suggests that alternative payment methods will drive 50% of B2C ecommerce payments. yStats.com reports PayPal, Amazon and Google Wallet are fueling this growth with AliPay, Alibaba’s payments arm, contributed significantly as its user base grows and more global sites accept AliPay for...
Something called Willy Report surfaced on Sunday suggesting that the spike in bitcoin price last year from $200 to $1200 was the result of bots creating fake accounts in an effort to drive up the price. These accounts were never funded with real money. The...
