E-commerce is eroding the appeal of shopping malls, so the operators of some of the largest shopping centers are starting to dish out their own share of digital disruption.
For a customer to switch from a tried and true payment method to a new one, the provider must be able to offer a unique payment experience.
As more mobile apps and businesses push plastic payments to the background, they also give prepaid card accounts a chance to reclaim the spotlight.
When TableSafe launched in 2011 under the name Viableware, it was a simpler time in payments technology and the company had a simpler product to offer a tablet-like check holder that lets wait staff collect card payments without leaving the table.
There is an old saying by Mark Twain, "Never let the truth stand in the way of a good story, unless you can't think of anything better." Recently, Walmart filed a lawsuit against Visa complaining the company won't let it require PINs on transactions made with chip-enabled debit cards.
With banks worldwide feeling the heat of recent cyber attacks against Swift messaging participants, and the financial telecommunication cooperative's reputation taking an even bigger hit, Swift is making public a five-step plan to tighten security measures.
Wells Fargo & Co. has joined the growing ranks of banks that are building their own branded mobile wallets, pressuring other financial institutions to act quickly to keep pace.
Robots aren't yet coming to take over, but they will be taking orders and MasterCard payments at a handful of Pizza Hut locations in Asia.
Well before the mobile payments explosion, incumbents were already focused on how to respond to nonbanks "piggybacking" on banks' payments infrastructure. As the consultant behind a 1994 banking industry report on the threat put it, "there is no time for delay." read more »