“If bitcoin could help us be more efficient, we’d use it.” Those are the words of the CEO of money transfer disruptor, XOOM, when asked whether the crypto currency could disrupt the money transfer business. John Kunze sat down with PYMNTS CEO Karen Webster...
BlueSnap announced today a partnership with ecommerce software provider iGlobal Stores, according to a BlueSnap release. Now, through iGlobal’s integrated checkout page, merchants can automatically calculate cross-border tax and shipping fees, lower costs of logistics and meet legal obligations, all while localizing the checkout experience...
MoneyGram International Inc. is feeling the impact of Walmart’s recent launch of a competing U.S.-to-U.S. white label funds-transfer service, as domestic transfers for the company initiated at Walmart stores declined 31 percent and revenues dropped 33 percent during the second quarter, the Dallas-based company reported...
Getting consumers hooked on something new is every innovator’s dream. There’s only one big problem: Consumers don’t break old habits easily. Psychologists say that consumers are just hard-wired to resist change, believing that whatever they’re doing today is vastly better than any value they could...
Strengthening its hold over Croatian payments industry, American Express has partnered with the country’s second largest bank “Privendna Banka Zagreb” to provide an NFC payment service using host card emulation (HCE) technology. With the service, the cardholders would register with PBZ and download an app,...
MasterCard showed sizable second-quarter gains, with net revenue up 13 percent driven by significant transaction growth on both the consumer and commercial credit side. It has plans to roll out MasterPass over the next few years to the markets that drive 75 percent of its...
An important part of fleet management is ensuring that the recorded mileage is actually the mileage that was driven for a delivery. This ensures that all parties involved are paid properly and that the fleet management firm’s invoices remain accurate. But what happens when there...
Payment service provider GlobalConnect announced yesterday that it appointed Matias Fainbrum, former head of the company’s Busienss Development group in Latin America, as its new General Manager for that region, according to a company release. Fainbrum, called an “industry veteran,” will work out of the...
Channeling the Starbucks mobile payments app, Kash is an app that aims to bring that same customer experience to other retailers and SMBs, according to TechCrunch. In doing so, they hope to cut the costs of credit card fees. The Kash app, available for iOS...
