Payments

Target CEO Praises Apple Pay, Plans to Integrate Soon

Target CEO Brian Cornell confirmed at the Code Conference in Palos Verdes, California that the company plans to offer in-store support for Apple Pay but the company is first focusing on implementation of chip and PIN payments systems. Though Target was the first retailer to adopt Apple for in-app purchases,...

Read More · 1 minute

Payments

Mobile Payments Evolve in South Africa With Beacon-Based Payments

Mobile payments technology is evolving at a faster pace with the introduction of payment apps, wallets in smartphones backed by NFC and other technologies. Developers and innovators are trying different ways to make payments frictionless and core banks are joining hands with technology providers to bring good payment experiences. One...

Read More · 1 minute

Enabling Technologies

How to Integrate Payments in IoT Devices?

Internet of Things (IoT), from eye-wear to cars and smartwatches, is spreading its wings as the technology behind it matures. Connecting various types of electronic devices together for a great experience in the day-to day activities is stated to be the ultimate objective of IOT. So how can the commerce...

Read More · 7 minutes

Lending

Payday Loan Disruptor LendUp Raises $50 Million Funding

LendUp, a socially responsible online lender that disrupts payday lending, has recently raised $50 million in credit debt facility from Victory Park Capital. With the recent funding, the company has so far raised a total of $64 million in four rounds from 17 investors including Google Ventures, Data Collective, QED...

Read More · 1 minute

BankTech

The Mobile Component Is Growing Across Financial Services

The mobile is having a profound impact on the financial services industry. It’s the biggest change since the credit card was introduced in the U.S. The infographic below illustrates the fact: >> In 2014, around 30% of MasterCard and Visa’s revenues were generated by mobile payments. Increase in mobile payments...

Read More · 1 minute