News

Coinbase Releases Mobile Payments App
January 06, 2014

Online bitcoin-wallet service Coinbase now has a mobile-payments app. The Coinbase mobile app includes functionality for both merchants and consumers. Shoppers can make transactions in bitcoins with their Coinbase app as long as the merchant is participating. The mPOS app follows an earlier release from...

Acquiring
MasterCard Acquires Turkey-Based Processor Provus
January 06, 2014

MasterCard has acquired Provus, an independent payment processor based in Turkey, the payment card network announced. Neither MasterCard nor Provus disclosed the terms of the sale. Founded in 2001, Provus is based in Istanbul. The acquisition is designed to strengthen MasterCard’s presence in the region....

Acquiring
Spindle Acquires Mobile-Coupon Service Yowza
January 06, 2014

Spindle has finalized its acquisition of Yowza!!, a mobile couponing service, the mobile-commerce solutions provider announced. Spindle plans to integrate Yowza!!’s mobile-coupon technology with its own system, according to a Jan. 6 press release. “We are delighted to complete the acquisition of Yowza!!, which positions...

Digital River Teases Bitcoin Integration For 2014
January 06, 2014

2024 might feel far away, but as Market Platform Dynamics (MPD) CEO Karen Webster has illustrated, thinking one, two or even three years ahead in payments is no longer enough. Planning smart in this industry means never resting on your laurels, it means looking ahead...

Breach Round Up
Does The Target Breach Mean Death Bells For Mag-Stripes?
January 05, 2014

Target confirmed a massive data breach on Thursday that rocked the payments world at the busiest time of the year in commerce. Initial estimates suggest the breach compromised the names, credit card numbers, debit card numbers, expiration dates and CVVs of more than 40 million...

Cool
Why MPOS Will Go Mainstream In 2014
January 03, 2014

Despite the explosive growth the mobile point-of-sale (mPOS) sector has seen in the past few years, there was one overarching message from the industry heading into 2014: mPOS has only just begun to show its potential. In other words, a collective ‘You ain’t seen nothing...

Eko Brings No-Fuss Mobile, Financial Inclusion To India
December 30, 2013

30 December 2013 Venture partner at Menlo Ventures Karl Mehta and serial entrepreneur Carol Realini are currently crowdsourcing success stories for their new book “Financial Inclusion at the Bottom of the Pyramid.” Originally profiled in a November 21 article for PYMNTS.com, the book aims to...

Karen Webster
PYMNTS Prophecies: Eight 2013 Predictions Reviewed
December 27, 2013

Despite the rise of big data, the cloud and the countless other electronic innovations looking to tap into our collective brainpower, predictions remained as difficult to get right as ever in 2013. For every no-brainer like the rise of consumer mobile smartphone and tablet use,...

Alternative Finances
Payments Execs Forecast Trends For Year Ahead
December 26, 2013

As the last days of 2013 come to a close, payments firms across the country are busy reflecting on the experience they’ve gained to best position their strategies for the future while avoiding the issues that have dogged them in the past. Of course, payments...