Visa announced yesterday a new designation for consumer reload-able prepaid products that aims to simplify and clarify fees, step-up consumer protections and make prepaid solutions a valid tool for getting onto stronger financial footing. “Consumers have been confused by an often complex prepaid landscape,” said Ryan McInerney, president,...
Later today, bulk retailer Sam’s club is expected to announce its official switchover to EMV technology, reports The New York Times, making it the first major American retailer to make the jump. “This is all part of our road map to get to more secure transactions,” said...
Sometimes things work and sometimes they don’t. It looks like Zavers, the online coupon program that was launched through Google 17 months ago, is just going to be one of those things that didn’t work out. Google announced yesterday that it is pulling the program,...
It seems everyone lately is looking to bring bitcoins into the legally controlled mainstream, and now the SEC is getting in on the act. Yesterday, the Securities and Exchange Commission announced charges against bitcoin marketing site FeedZeBirds and the operator of bitcoin betting site SatoshiDice...
Cardflight, a provider of mobile POS technology, announced this week that it will incorporate Apple’s Touch ID technology into its SwipeSimple mobile payments application. According to a Cardflight statement, following Apple’s release of iOS 8, merchants will be able to login to the SwipeSimple application...
Earlier this week, Mentor Capital, Inc. announced that its portfolio company, Bhang Corporation, established Bhang Financial. This new division will offer the Cannabis Community non-cash payment options with Cashless ATMs for PIN Debit Network transactions and ATMs, according to a company press release. Bhang Corporation...
Tech company NCR Corp. announced this week that it had developed a new way to prevent customers from “show rooming” in brick and mortar stores, which will ideally lead to better sales for those retailers. Show rooming is when customers visit stores to see items...
Earlier this week, Morningstar announced that it had acquired the web and mobile application HelloWallet for $53.5 million. Morningstar already had a majority stake in HelloWallet, so it will only need to pay $39 million to complete the transaction. The acquisition is expected to create...
Government-owned Emirates National Oil Co. is rolling out a service that will enable its fleet customers to refuel their vehicles wirelessly using RFID technology. The system will replace the company’s existing fleet cards by the end of the year.
