News

Controversial
Blink Waves Bye-Bye to Contactless Forever?
May 12, 2014

JPMorgan Chase’s recent decision to ditch the Blink brand – a contactless card - seems like a nail in the coffin for the tap-and-go payment method, at least for cards. But with EMV liability-shift mandates around the corner, contactless’ true fate on cards will rest...

B2B Payments
New PayPal Template Helps Businesses Keep Track Of Online Invoices And Shipments
May 12, 2014

Nothing worse and less organized than a cluttered desk full of company invoices and shipping data from online orders. Microsoft has created a PayPal invoicing template that gets rid of the mess by enabling companies to digitally store and keep track of orders and support...

Mobile Commerce
300,000 Servers Still Vulnerable to HeartBleed
May 12, 2014

Just over one month after its initial detection, 300,000 servers are still at risk from penetration by the HeartBleed security bug, according to independent security researcher Robert David Graham. Graham found through a global scan of 1.5 million servers using the “heartbeat” feature of OpenSSL, the...

Merchant Innovation
Tablelist Launches In Manhattan and Vegas
May 12, 2014

Good news for travelers to New York or Sin City–Boston-based service Tablelist is coming to town to bring VIP status at the club to anyone with a credit card, smart phone and the will to party like a rockstar. Tablelist is an Android or iOS...

SEC Issues Second Warning About Investing In Bitcoin
May 12, 2014

More trouble for the seemingly constantly under-siege bitcoin. The Securities and Exchange Commission has once again warned investors away from the digitally backed currency. “A new product, technology, or innovation – such as Bitcoin – has the potential to give rise both to frauds and...

B2B Payments
Chrysler Struggling To Pay Suppliers On Time
May 12, 2014

Due to technical snags with a new software system, Chrysler is struggling to pay suppliers on time. The software program began on January 1st for about 1,500 suppliers. Walldorf, Germany-based SAP, designed the invoice and payment system, PentaSAP. The issues occur when suppliers submit invoices...

B2B Payments
AXP and City Bank Reduce B2B Costs in Bangladesh
May 12, 2014

City Bank with American Express launched an end-to-end payment solution that will reduce the cost of doing business in Bangladesh. The American Express B2B Expense Management Solution will create a cashless transaction system between companies and distributors. Currently, distributors pay for goods bought from a...

Cool
LevelUp Spills The Beans on What’s Next
May 10, 2014

The mobile commerce platform LevelUp made news that it has grown its staff by 15 percent, moved into brand new offices in Boston and has big plans for what it wants to do next. If you want in on the scoop (and to watch fun...

Breach Round Up
Social Media Latest To Feel Security Flaw Impact
May 10, 2014

Another week, another discovered security flaw. This week’s flaw, dubbed “Covert Redirect,” allows cyber-attackers to disguise themselves as log-in popups based on an affected site’s domain. Social media sites are among those affected, leaving potentially millions of users at risk of having personal information stolen.