News

Controversial
Will Google Leverage Android Rules To Revive Google Wallet?
October 06, 2014

Is Google tightening the screws on large Android OEMS that leverage the Android operating system to revive Google Wallet in the face of the new Apple Pay challenge? That may be why the search giant is introducing new requirements for Android certification. According to confidential...

News
Payment Processor Porn Pressure
October 06, 2014

Regulation makes strange bedfellows, and possibly none stranger than pornographers and payments processors who have banded together to fight federal legislation that seeks to limit the means by which suspect industries access and use money. Get the Full Story Complete the form to unlock this...

Acquiring
Wells Fargo Joins AmEx OptBlue Program As First Bank Acquiring Partner
October 06, 2014

American Express' US Small Merchant Group announced that Wells Fargo Bank, N.A. has joined its Opt Blue program as the first bank acquiring partner, according to an American Express release.

B2B Payments
New Platform Connects Cooks And Local Food Suppliers
October 06, 2014

Sourcery, an online wholesale food supplier director and payments processor, wants to change the way restaurants manage their kitchens and free them from the shackles of paper.  The company has raised $2.5 million in seed funding and is planning to take its show on the...

Alternative Finances
Bitcoin Price Crashes
October 06, 2014

Been a bad weekend for bitcoin as the masses are selling and driving the prices down. The price of bitcoin is hovering at around $300 by most indices (check out the PYMNTS Bitcoin Price Index ) after briefly falling below $300 before ettling at around $296,...

Mobile Commerce
StartUp Launches Money Management App for iPhone
October 06, 2014

There is an entire segment of the app market that wants to do nothing more than help consumers manage their money.  MonSense (which surely is intended to portmanteau of “money” and “sense”, but sounds a bit more like the world “nonsense” when actually uttered aloud...

CEO Series
Why Payments Innovation is a Journey, Not a Destination
October 06, 2014

“Innovation is not a ‘destination,’ but an ongoing journey to perfection,” says Rahul Mutha, Founder and CEO of Aurus, a payments solution provider. Aurus began in the basement of Mutha’s Long Island apartment – today, it processes approximately $4 billion in transactions each year. After...

International
China QR Code Ban Could Soon Be Lifted
October 06, 2014

Back in March, China bans using QR Code for payments, but that may end shortly, according to a report in Mobile Commerce News. The initial ban from the Central Bank was issued because of security concerns. Get the Full Story Complete the form to unlock...

Mobile
Square Valuation Hits $6 Billion
October 06, 2014

Square has closed $150 million in new venture financing, bringing Square’s current value to about $6 billion, the New York Times reported Sunday (Oct. 5). The new financing round was led the Government of Singapore Investment Corp.—a new investor—and included Goldman Sachs and Rizvi Traverse...