Glossy fashion magazine Lucky, which has been teetering on the brink of going digital or folding entirely, has proved true to its name. Publisher Conde Nast said on Monday (Aug. 11) that it is spinning the magazine off into a joint venture with subscription shopping...
Asia’s largest eCommerce players like what they see in the U.S. First, China’s Alibaba announced plans for a U.S. IPO and has since launched the 11 Main online marketplace here. Now Rakuten, Japan’s largest online retailer, appears to have its own U.S. plans. The addition...
Merchants who use PayPal will soon get real-time sales reports on the PayPal mobile app, eBay’s e-payments subsidiary announced on Tuesday (Aug. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Worried about new age cab competitor Uber, a group of taxi firms in India are trying a creative legal attack on Uber and it all revolves around payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A Tennessee bank is being sued by a corporate customer following a $327,000 cyberheist involving the company’s payroll. The twist is that the bank is accused of bypassing its own security procedure—involving a recorded phonecall from the bank to the customer confirming large transfers—a move...
If there ever was a sector screaming for modernization—and especially mobilization—it would be vending machines. The potential to know inventory in advance, to know which of the 10 machines nearby have three of the desired item you and your friends want, to be able to...
News broke yesterday about Amazon’s plans to sell a branded dongle at Staples, making it the 123rd player to enter this very croweded space. But while a giant player could become a powerful new entrant, SMBs are starting to show a change of heart towards...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. Get...
More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13). That number is partially based on EMV shipment plans from nine key card issuers:...
