Spurred by stories of Steve Jobs and his unconventional approach at Apple, executives across all industries have begun forsaking consumer input when designing products. As Vice President of Worldwide Marketing at Apple, Phil Schiller famously said that, “it’s not a customer’s job to know [what...
I had the chance to host a Mobile Insiders Series discussion on loyalty and payments on Friday, and the conversation was really fascinating. My discussion partner was Stephanie Swain, who is now VP of Retail for Aimia but who previously was in charge of financial...
By: Eileen Goode (@eileengoode) When businesses are paying each other, checks remain the dominant vehicle, representing on average nearly half of all B2B payments. Their primacy, however, is slipping. In 2004, 81 percent of payments were made by check, but by 2013 the rate had...
Cardinal Commerce has much in store for customers in 2014. Chief among its plans is a dashboard tool that will enable merchants to adjust their fraud screening and authentication practices to their own risk tolerance and experience. But, will merchants find the company’s solutions a...
Yotpo, an Israel-based startup that lets businesses integrate social media into on-site product reviews, has raised $10.7 million in a Series A funding round. The Wall Street Journal reported that the startup, founded in 2011, received funding from Olive Jung, 2B Angels, Rohdium and Gandyr...
A growing number of lenders are turning to social media when determining a loan applicant’s credit-worthiness. The Wall Street Journal reported on Jan. 8 that some companies, particularly lending startups, look at social media profiles to verify certain types of information. Credit scoring agencies like...
JPMorgan Chase's recent decision to try to sell off its government and commercial prepaid card business seems a bit surprising. After all, prepaid is among the fast-growing payment segments, so why give it up? MPD's Gloria Colgan offers up her views on why Chase made...
It goes without saying that the recent data breaches at some of the major U.S. retailers, including Target and Neiman Marcus, have exposed a harrowing reality in the payments space — that fraudsters can and will take advantage of any security flaw they can. As...
