When mom-and-pop merchants need a loan, they are increasingly turning to some big names in the payments business, which are quickly becoming noteworthy players in small-business lending.
Amongst all the hype and bluster around mobile payments, consumer adoption has lagged, and a fundamental question seems to be largely overlooked why use mobile payments?
Payment providers that don't move to support more integrated digital commerce may find themselves unable to serve the "connected consumer" of the future.
Consumers in China are making more purchases online than in-store, prompting the country's retailers to support payment options that are normally associated with e-commerce.
According to Verizon's 2015 Data Breach Investigation Report, approximately 20% percent of data breaches come from an internal source. This requires a change in an issuer's culture compliance to combat the problem.
A new version of Point-to-Point Encryption (P2PE) guidelines to be published by the PCI Council today will allow retailersfor the first timeto be able to create and seek certification for their own P2PE system, addressing a longstanding retailer concern about the earlier rules locking them into certain vendor relationships.
In an effort to appeal to more businesses by helping them manage their employees, Square has launched Square Payroll.
Nearly a third of U.S. smartphone users owned or planned to purchase a wearable device in the next 12 months. Among this group, 82% wanted them to enhance their in-store experience and 22% specifically wanted them to provide touchless, one-click payments. The bottom line: financial services companies have a lot of work ahead to meet consumer expectations.
Investment in London fintech firms is soaring and young companies are being drawn to the area, especially the Canary Wharf district, thanks to the efforts of incubator Level39, a vibrant social scene, and close proximity to large banks. read more »