Sears Quarter Sees $747 Million Plunge
Sears Quarter Sees $747 Million Plunge
August 25, 2014  |  News

Sears Holdings burned through another $747 million and recorded a loss of $573 million in its second fiscal quarter. The retailer is weighing additional steps...

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More Than 1,000 Merchants Hit With POS Malware, Says U.S. Secret Service
More Than 1,000 Merchants Hit With POS Malware, Says U.S. Secret Service
August 25, 2014  |  Breach Round Up

More than 1,000 merchants have been hit by the Backoff malware, given that it was “detected in October 2013 and was not recognized by antivirus...

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Twitter Moves One Step Closer To Commerce
Twitter Moves One Step Closer To Commerce
August 25, 2014  |  News

As more and more hints have made it clear that Twitter is toying with a direct payment mechanism, the idea that Twitter will be doing...

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Trends Of The Week
Trends Of The Week
August 23, 2014  |  News

Over the past week, PYMNTS.com’s brief’s coverage in this newsletter has spanned a broad variety of issues. In this column, we take a look at...

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As The Fed Works To Improve B2B Payments, Payments Industry In Position To Help
As The Fed Works To Improve B2B Payments, Payments Industry In Position To Help
August 22, 2014  |  News

In June, Federal Reserve Financial Services hosted a series of town hall meetings to discuss a variety of initiatives designed to improve B2B transactions, along...

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Former Aeropostale VP Gets Jail Time For Business Fraud
Former Aeropostale VP Gets Jail Time For Business Fraud
August 22, 2014  |  B2B Payments

Former Aeropostale executive vice president and chief marketing officer Christopher Finazzo wassentenced on Wednesday (Aug. 20) to eight years in prison for his role in...

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The Fate Of the U.S. Export-Import Bank Uncertain When Congress Returns From Recess
The Fate Of the U.S. Export-Import Bank Uncertain When Congress Returns From Recess
August 22, 2014  |  News

The Export-Import bank of the United States provides credit services for U.S. businesses operating in somewhat risky foreign markets. The bank has been open for...

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Japanese Auto Parts Makers Face $202M Antitrust Fines
Japanese Auto Parts Makers Face $202M Antitrust Fines
August 22, 2014  |  International

China’s National Development and Reform Commission (NDRC)stated on Wednesday (Aug. 20) that 12 Japanese auto parts makers have been fined 1.24 billion yuan ($202 million)...

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