South Korea Switching To EMV Chip + PIN Only For ATM Transactions
South Korea's Financial Supervisory Service have announced that cards that use a magnetic stripe rather than EMV chip will no longer work…
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Costco Strikes Deal with Visa, Citi
Costco announced today that they struck a new partnership with Visa and Citi. Costco will accept only Visa-branded cards starting…
Samsung Announces ‘Samsung Pay’, Competes with Google, Apple
Samsung announced today their own NFC payment system which will come pre-installed in phones called 'Samsung Pay'. We reported on…
American Express Raises Interest Rates on More Than 1 Million Customers
Bloomberg reports that American Express will be raising interest rates for some of its users for the first time in…
Chase to Close 300 Branches, Shift to Mobile Banking
JPMorgan Chase plans to close 300 branches, around 5% of all its branches, in a nod to the increasing usage…
Google Buys into Softcard, Wallet App to Come Preinstalled on Android
Google announced in a press release today that they forged a deal with Softcard enabling the Google Wallet app to…
Target.com Lowers Free Shipping Threshold to $25
Target.com has now lowered their minimum order amount which will qualify for free shipping to $25, down from the previous…
Priceline To Purchase Rocketmiles For ~$20 Million
According to the WSJ, Priceline has plans to purchase hotel booking website Rocketmiles for approximately $20 million. Rocketmiles is a…
Samsung Purchases LoopPay To Enter The Mobile Payment Market
Samsung has purchased LoopPay to enter the mobile payment market and compete with Apple Pay, Google Wallet and Softcard among…
Merchants Can Encourage Using non-AmEx Cards, Court Rules
Bloomberg reports that American Express lost it's case of barring businesses from encouraging the use of Visa or Mastercard as…