Michael Stores comes into picture in another case of card payment fraud

Michael Stores as well as its subsidiary Aaron Brothers are targeted victims of a fraudulent case as highlighted in a recent press release and official statement on the company’s website. About 2.6 million customer credit and debit cards may have been affected at Michael stores and around 40,000 cards at the Aaron Brothers stores. The

Trade Bitcoins for Cannabis as Colorado gets its first Legal Marijuana Vending Machine

Last year we saw the fall of Silkroad – an online marketplace that operated as a TOR hidden service, and enabled people from anywhere in the world to purchases illegal drugs, ammunition, guns and all sorts of things. On 17th April 2014, Arizona based startup American Green unveiled a legal vending machine for dispensing marijuana

Global Payments Expands Relationship with Caesars Entertainment, Also Launches XCharge in Canada

On 1st April 2014, Global Payments Inc., one of the largest worldwide providers of payment solutions, announced an agreement to expand its relationship with Caesars Entertainment Corporation. Global Payments will now provide additional Caesars’ resorts with Global Payments’ PlayerCash @dvantage credit and debit card cash advance service, via Global Payments VIP LightSpeed platform. VIP LightSpeed is an

Walmart’s New Money Transfer Service, Western Union and MoneyGram May be the Biggest Losers

On 16th April 2014, Walmart Inc stated that it would announce a new service with Euronet Worldwide Inc, an electronics payment provider. Yesterday, the two companies held a conference to announce the details of the new service – WalMart 2 WalMart money transfer. WalMart announced that the new service would cut transaction fees for its

How consumer adoption of contactless payments has gone through the roof in South Korea and Japan

Research from Informa reveals that more than 90% of the total global value of transactions from mobile NFC payments, i.e. US$ 2.4 billion in 2011, was generated in the Asia Pacific region, particularly in Japan and South Korea. Although Europe, Canada have also significantly scaled up in terms of NFC payments but Japan and South

LevelUp Raises the Bar Again, Lowers the Transaction Fee for Merchants

The mobile wallet and POS solution space is choc-o-bloc with several players vying for space in the market. Though there are number of key players in the market including Google Wallet, Isis, Pay withSquare and Paypal, no one company has been able to become the outright leader. LevelUp seeks to change this scenario with its announcement today (17th April, 2014), that

Futuristic Power Suit by M.J Bale, Make Payments with your Sleeve

We live in a time of booming technology, and continuous innovation. I am pretty sure that you read something new invented, discovered or created everyday now – that just blows your mind. Even in the world of payments such things are possible. Australian tailor M.J Bale has partnered with Heritage Bank and VISA to create

Walmart to Announce New Service with Electronics Payment Provider, Euronet

Yesterday (16th April, 2014), Walmart Inc stated that it would announce a new service with Euronet Worldwide Inc, an electronics payment provider. Today (Thursday – 17th April, 2014) the two establishments will hold a conference call for media, analysts as well as investors to announce the new service. The conference is to be held at

New Report on NFC Devices and Terminals Projections 2013-18, with Beacons Impact Analysis

Growing smart phone penetration in the world is expected to revolutionize the mobile payments industry across the globe. Currently, mobile payments are being dominated by USSD/QR code technology. Though, in last couple of years, near field communication (NFC) has emerged as a strong alternative proximity technology for mobile payments. This has driven the major players

6 Developments in the area of Beacons, New Adopters and Providers

If you want to stay abreast with the ongoing developments in BLE Beacons, stay tuned to our Track “Beacons”. You might have already heard about big players like Apple, PayPal and Qualcomm going after Beacons related hardware and software. Earlier this year, a new kind of ad campaign emerged during the NFL Super Bowl in U.S. where personalized