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SEATTLE and TORONTO, May 26, 2015 /PRNewswire/ — Nordstrom, Inc. (NYSE: JWN) and TD Bank Group (TD) (TSX and NYSE: TD) announced today an agreement under which TD will acquire Nordstrom’s existing U.S. Visa and private label consumer credit card portfolio, which currently totals approximately $2.2 billion in receivables. In addition, the two companies have […]

In an official statement issued today, the IRS announced that it has shut down an online service to obtain tax records after determining that “unusual activity had taken place on the application, which indicates that unauthorized third parties had access to some accounts on the transcript application.” An initial review of that activity revealed “access […]

Japanese carrier NTT Docomo is searching to phase out passwords. Specifically, the carrier on Monday announced that it has become a board member with the Fast IDentity Online (FIDO) Alliance, an international nonprofit organization driving the effort to standardize online authentication based on things like iris scanning. Docomo also said that its online services such […]

The number of bitcoin transactions processed by global online payment processor Payza has been rising by around 20% per month, the company has revealed. Payza, which serves 100,000 online merchants, also noted payments in the digital currency represent approximately 10% of its monthly withdrawal and deposit volume. Payza first introduced its bitcoin purchase option in […]

Banks need to understand blockchain technology and explore its long-term benefits, according to the head of group payments and operations at the Bank of Ireland and chairman of the European Banking Association (EBA) working group. Speaking at EBA 2015, a networking and research event which gathers European payment professionals, Vincent Brennan told Finextra: During the […]

Indonesians are increasingly embracing the digital currency known as bitcoin as a payment solution for online transactions and to send and receive money, despite some known flaws. The cryptocurrency’s price fluctuate dramatically, for instance, and fears about cyberattack on the software that manage Bitcoin holdings have led to questions about whether it’s a safe way […]

Bitcoin survived a wild youth marked by drug trafficking, money laundering, theft, bankruptcy, and political spats. Now, the digital currency is getting cleaned up and heading to grad school. A fledgling project at the Massachusetts Institute of Technology Media Lab is offering researchers and software developers a quiet home to work on bitcoin’s core technology, […]

After years of hype and uncertainty, NFC is finally here. Countries in which plastic card use is the norm have witnessed a recent explosion in the mobile payments ecosystem. The emergence of Apple Pay, Samsung Pay and HCE all indicate that, this time, it’s here to stay. The real credit for revolutionizing the mobile payments […]

At PayPal, we’re proud to be one of the most trusted brands in digital wallets across the world. We believe in giving you simpler and more secure ways to shop and pay. And, we want those experiences to be convenient for you. As one of the founding members of the Fast Identity Online (FIDO) Alliance, […]