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Alibaba Investments Extend Its Reach in the Indian Payments Market
Alibaba is reportedly upping its game in India, on the heels of its half-billion-dollar investment in Paytm in May.  more »
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The former U.S. agent who led the investigation of the illegal Silk Road Internet drug emporium admitted while pleading guilty to charges he pocketed hundreds of thousands of dollars in digital currency that he also had a $240,000 Hollywood film deal at the time. more »
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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. more »
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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? more »
City Connector, launched by Parkeon and MasterCard in Las Vegas, lets commuters pick a random merchant offer while paying for parking.
As with everything else in Vegas, marketing to local commuters is a game of chance. more »
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PayPal has agreed to acquire Xoom for $890 million, as the consumer payments company looks to expand into the international remittances business. more »
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After testing Messenger person-to-person payments in New York City, Facebook has expanded the money transfer service to the entire U.S. more »
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As more retailers consider uses for tablets in their stores, Moki Mobility Inc. figures it is in the right place at the right time to offer its cloud-based point of sale management technology. more »
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Payment providers that don't move to support more integrated digital commerce may find themselves unable to serve the "connected consumer" of the future. more »
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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. more »
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A new version of Point-to-Point Encryption (P2PE) guidelines to be published by the PCI Council today will allow retailers—for the first time—to 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. more »
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NCR Corp. will support its mobile cash withdrawal service through China's Bank of Ningbo's mobile app. more »
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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. more »