Never let it be said that Apple doesn’t know how to launch a product. As October ends, Apple can report 1+ million downloads of its new digital wallet in just three days, a milestone that took Dunkin’ Donuts 6 weeks to achieve and Starbucks even...
A volley of accusatory news releases and letters to Congress between groups representing major retailers and credit unions has erupted, with each side accusing the other not doing enough to defend against cyber attacks and other payment card data threats. Get the Full Story Complete...
What a week for Apple Pay! Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...
Q3 shaped up to be a tough quarter for Groupon – the online discount merchant turned e-retailer suffered a loss of $21.2 million, or 3 cents a share, compared with a year-earlier loss of $2.6 million. Revenues, however, were on the upswing – Groupon saw revenue...
The CFPB wants to take a closer look at overdraft fees, stating Monday (Oct, 27) that it tends to view overdraft as a form of short-term credit, and thus subject to the types of stringent regulations that the CFPB favors for shot-term lenders. Get the...
The run-up to a Chinese Shopping holiday known as Singles Day (in honor of unattached consumers who are encouraged to buy themselves nice things) has tipped off a trademark spat between Chinese e-commerce players. The dispute came into focus after Alibaba rival, JD.com, publicly published...
The day after Visa signaled that it will raise the interchange fee charged to U.S. banks next year, both Visa and MasterCard “are on the verge of lowering the processing fees paid by Canadian merchants, a move that reflects the traction merchants have gained with...
There are three things that consumers, merchants, issuers and card networks all want from a payments experience: that it be secure, that it be easy to use and that it be available to consumers at all of the places they want to shop. The payments...
When Ramesh Tainwala took over as CEO of luggage giant Samsonite International this month, he got an important lesson in the nuance of phrasing in China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
