News

B2B Payments
EDI – Alive and Well in Healthcare
May 07, 2014

The rest of a new market report on the global healthcare electronic data interchange market has predicted that the market will grow at a substantial rate and will be worth $1.7B by 2018. Many factors are responsible for the growth and the report has analyzed...

News
Chase Discontinues Contactless Blink, Shifts to Visa
May 07, 2014

The bank is shifting more of its debit and credit cards to Visa.

Merchant Innovation
EVO Payments, EVO Snap* Partner with iConnect
May 07, 2014

Card payment acquirer and service provider EVO Payments International (EVO) has joined omnichannel POS provider iConnect “to launch a merchant processing program that allows same-day integrated merchant processing capabilities,” according to a company release. The EVO program will provide iConnect with a streamlined, quicker customer...

International
Alibaba Files for U.S. IPO
May 06, 2014

It’s official, Chinese e-commerce giant Alibaba has officially filed with the security and exchange commission for an initial public officer (IPO).  The IPO prospectus filed with the SEC will give the first deep look into the company’s finances, until now Alibaba’s financials were only visible...

Merchant Innovation
Square’s New Partnership
May 06, 2014

In their push to be small businesses’ go-to POS solution, Square has announced yet another integration, this time with Stitch Labs. Stitch Labs makes inventory management software for small merchants. The integration of the two platforms will allow consumers with both Square and Stitch to automatically sync...

Company Spotlight
MasterCard Courts European Start-Ups With Newly Announced Start Path
May 06, 2014

In recognition that the future of commerce rests not only with current players- issuers, aquifers and merchants- but also with start-ups developing the next generation of solutions, MasterCard announced earlier today the launch of MasterCard Start Path, an accelerator program dedicated to helping European start-ups...

News
After The Breach, Target Sets the Bar For Credit Card Security
May 06, 2014

In the months since a massive, multi-month data left tens of millions of customer’s data exposed, Target has been leading the industry in adopting more stringent anti-fraud mechanisms, including an accelerated adoption of  chip-and-PIN (EMV) technology for its store-branded credit cards. Though Europe has been...

News
Holder: No Such Thing As “Too Big To Jail”
May 06, 2014

In reference to charges that federal prosecutors are bring against two European banks, Attorney General Eric Holder said publicly Monday that no company is “too big to jail.” Federal authorities are investigating BNP Paribas for allegedly processing transactions that violate U.S. sanctions and Credit Suisse...

Loyalty & Rewards
Wells Fargo and American Express Launch Two EMV Reward Cards
May 06, 2014

The new reward cards will have an EMV chip to attract consumers who travel and make international purchases.