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01.05.17

Will Starbucks Make Bitcoin Mainstream?

Bitcoin, which has long nursed an outlaw persona, seems to be transforming into a yuppie. In the latest sign that the digital currency is moving into the mainstream, iPayYou, a U.S.-based bitcoin platform, said its technology now will enable coffee and food purchases at Starbucks, a chain typically associated with middle- and upper-class urban and suburban lifestyles.

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01.05.17

Shanghai Prepaid Card Association Blacklists 20 Merchants

The Shanghai Prepaid Card Association is warning consumers about buying prepaid cards from certain merchants because of “malpractice in managing their prepaid card schemes,” according to an announcement on Shanghai’s municipal Website.

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12.21.16

Walmart, Green Dot See Quick Adoption of Savings Program

In the face of approximately 67 million unbanked or underbanked U.S. adults, and 90 percent of households saving less than 2 percent of their disposable incomes, according to the Center for Financial Services Innovation and the Fed, respectively, Walmart and Green Dot are helping prepaid cardholders shore up their finances through a prize-based savings program.

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12.21.16

Don’t Let Declines Ruin Your Customer Experience

With so many payment options available, it’s vital for merchants to have reliable technology and networks in place to ensure that transactions run properly and declines are kept to a minimum. But what are the most important steps for increasing the quality of acceptance across card types and brands? Discover Global Network offers some answers.

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12.19.16

Solving the Shopping Cart Abandonment Puzzle

You can design your Website to be mobile-friendly, engage the right search engine optimization (SEO) strategy to attract eyeballs and create compelling content to engage consumers. But if your checkout process has inefficiencies, you could lose sales from customers who abandon their shopping carts—an outcome that is more common than one may think, and for reasons that could easily be avoidable.

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12.15.16

InComm Takes Tech to Target Australia POS

Atlanta-based prepaid product and transaction services company InComm is expanding its partnership with Target Australia from offering gift cards at Target’s online gift card store to launching point-of-sale technology in all 306 Target stores in the country.

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12.15.16

Amex Bot Enhancement Enables Purchases on Facebook and Messenger

The expanded capability enables U.S. consumers and small businesses with OPEN cards, to add American Express card and billing information to their Facebook accounts. Once the information is added, cardholders can make in-game purchases and shop on business’ Facebook pages.

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12.14.16

Grinch Comes to N.Y.: Gift Certificate Law Could Push Some Prepaid Cards from Market

A New York State law setting fee and expiration date restrictions on “gift certificates” could spell big trouble for providers of several types of open-loop prepaid products in the state, and may even render certain types of products impossible to offer in New York, according to industry experts.

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12.14.16

Retailers ask Supreme Court to Reconsider Second Circuit’s Rejection of Interchange Fee Settlement

On Dec. 1, retailers involved in long-standing litigation against Visa and Mastercard asked the Supreme Court to reconsider a landmark $7.25 billion settlement that was rejected by the Second Circuit Court of Appeals earlier this year.

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12.14.16

Judge Tosses out Shareholder Suit Related to Home Depot Breach

Home Depot has scored a victory in the legal fight that followed the retail chain’s 2014 data breach. The retailer’s investors cannot sue its board of directors via a shareholder derivative suit, ruled a federal judge in Georgia, the home state of the chain.

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