After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email.
Unresolved Issues Swirl Around Securing Mobile PaymentsNovember 16, 2012While many mobile payments startups are using both traditional and nontraditional authentication methods, regulatory uncertainty still exists around liability for fraud attacks on customers using mobile payments.
Banks Seen Shrinking for Good as Layoffs Near 160,000November 15, 2012Major banks have announced some
160,000 job cuts since early last year and with more layoffs to
come as the industry restructures, many will leave the shrinking
sector for good as redundancies outpace new hires by roughly
Breaking Up Big Banks Still Not the Answer, Says FedNovember 15, 2012There remains much work to fix
the "too big to fail" bank problem, but breaking up big
financial institutions is still not the answer, an influential
U.S. Federal Reserve official said on Thursday.
Canada Libor Investigators Escalate Dispute with RBSNovember 14, 2012The Canadian agency investigating
whether banks manipulated a key global interest rates accused
Royal Bank of Scotland Group on Wednesday of failing to
cooperate with its probe and of making misleading statements
CFPB Official to Leave at End of JanuaryNovember 12, 2012Raj Date, a top official at the U.S.
Consumer Financial Protection Bureau, plans to leave at the end
of January, a spokeswoman for the agency said on Monday.
RIM to Introduce New BlackBerry 10 Devices on Jan. 30November 12, 2012Research In Motion Ltd
plans to introduce its new line of BlackBerry 10 smartphones on
Jan. 30, the company said on Monday, giving investors a measure
of confidence that the long-awaited devices are nearing
Square Wallet Now Accepted at StarbucksNovember 08, 2012After the partnership between Square and Starbucks last summer, Starbucks customers can now pay for their coffee in-store with the Square Wallet.
PNC Names New Head of Operations and TechnologyNovember 07, 2012PNC names new head of operations and technology; seasoned financial services IT executive Steven Van Wyk leaves ING to replace Vice Chairman Thomas Whitford, who is retiring.