Square has been hammered in the news lately about reports of massive losses, dwindling cash reserves and failed products. But leaked emails about its financials as reported by Fortune magazine reveal that its margin on processing isn't that bad and that it claims to be...
There’s so much data influencing the industry today that it can be hard to stay on top of everything. PYMNTS.com’s Friday Factoids are the perfect solution for innovators, entrepreneurs or observers trying to keep up with all the latest information. In today’s Fridays Factoids, you’ll...
According to new data released by consulting firm Bain & Company, 55 percent of British internet users are aware of mobile payment options, but only 3 percent have actually used their mobile phones to pay for transportation or goods in real life. This data dovetails nicely...
Mobile wallets are convenient, but apparently not that convenient, consumers say. While more and more of them are choosing among a growing selection of mobile wallet apps, a recent TSYS study indicates that consumers are still hesitant to completely chuck their physical cards and physical...
In the era of the digital age, everything happens instantly. Emails, texts, tweets and posts are flying back and forth and immediate access is the new expectation. Now customers want to see speed in their payments as well and be able to make high-speed payments...
The one place that paper checks are alive and well are in B2B transactions. And ePayments solutions have been slow to catch on given all of the hoops that businesses have to jump thru to implement these solutions. Increasingly, though there are variations on the...
A recent Wall Street Journal report on the short-term loan practices used by many low-income consumers paints an unlikely picture of individuals willing to pay high loan rates for quick cash. Government intervention into bank overdraft-protection policies and payday-lending practices, while for the purpose of...
In an effort to automate and streamline Government financial management processes and procedures, the Kenyan National Treasury is switching to electronic procurement. Henry Rotich, Cabinet Secretary, National Treasury, said e-procurement, when implemented under the Integrated Financial Management Information System (IFMIS), will provide an efficient and streamlined...
ISIS mobile wallet- a joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless launched in November of 2013 — allows customers packing a NFC-enabled Android handset, a special SIM and the right app to make contactless payments at tens of thousands of merchant locations nationwide. The...
