Payment Methods

StartUp Hopes To Crack eCommerce Conversion Problem
August 14, 2014

Online-customer retention start-up Windsor Circle said Tuesday that it has closed $5.25 million in a second round of institutional funding, VentureBeat reported. Comcast Ventures led the round, with existing investors Idea fund Partners and Triangle Angel Partners participating as well. AOL founder Steve Case also...

News
Facebook To Tell Advertisers How Often Ads Convert Users Across Devices
August 14, 2014

Facebook will be giving its advertisers a new peek into ad efficacy with the release of a new report that will shows when and how often advertisements push users to complete a purchase on a different web-enabled device. By combining the use of the Facebook Conversion...

Mobile Commerce
PayPal Launches New mPOS Sales Feature
August 14, 2014

Merchants who use PayPal will soon get real-time sales reports on the PayPal mobile app, eBay’s e-payments subsidiary announced on Tuesday (Aug. 12). The new Mobile Sales Reports feature will be rolling out over the next few weeks for both iOS and Android versions of...

International
Uber: Innovate By Payment, Getting Beaten Up By Payment
August 14, 2014

Worried about new age cab competitor Uber, a group of taxi firms in India are trying a creative legal attack on Uber and it all revolves around payments. The Indian taxi firms—including Meru Cab, Easy Cabs and Mega Cab–have filed a complaint with the Reserve...

Mobile
IP 2014 Expo Participant PayRange Lands Funding, Launches Nationally
August 14, 2014

If there ever was a sector screaming for modernization—and especially mobilization—it would be vending machines. The potential to know inventory in advance, to know which of the 10 machines nearby have three of the desired item you and your friends want, to be able to...

Europe
Russia Backs Off Deadline For Visa, MasterCard Security Deposits
August 14, 2014

Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. “Under...

Mastercard
EMV Cards To Top 575 Million In U.S. In 2015
August 14, 2014

More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13).  That number is partially based on EMV shipment plans from nine key card issuers:...

Merchant Innovation
Have PayPal, Will Gamble?
August 13, 2014

PayPal is considering rolling the dice on the online gambling marketplace. According to reports first published in Online Poker Report’s daily news letter, and followed-up on Twitter, sources have told OPR’s Chris Grove that PayPal is investigating a return to processing payments in the U.S....

Breach Round Up
Russian Cyberthief Indicted For Chase, Capital One, Citibank Attacks
August 13, 2014

A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...