News

Retail
US Airlines Say Bookings Are Slightly Up, Cancellations Subsiding
May 19, 2020

The airline industry could be showing some signs of life as the airlines report slower ticket cancellations and more bookings on some routes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Cosmetics Brand Natura Exposes Customer Data
May 19, 2020

The Brazil cosmetics company that bought Avon Products Inc. in January accidentally exposed personal information about 250,000 of its customers that could have been accessed by anyone, The Hacker News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

News
Today In Payments: Amazon Eyes JCPenney Buy; Stimulus Payments To Be Sent Via Visa Prepaid...
May 19, 2020

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Plus, Uber plans to cut 3,000 more jobs. Get the Full Story Complete the form to unlock this...

eCommerce
Will India’s Push For Consumers To Buy Local Have Ripple Effects On eCommerce?
May 19, 2020

The pandemic has spurred any number of efforts across various countries to restart economies as they emerge from lockdown. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Regulation
Warren Calls For Prosecution Of Bailout Program Fraudsters
May 19, 2020

U.S. Sen. Elizabeth Warren (D-Mass.) wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. bailout funds – and to prosecute company executives if they “provide fraudulent or misleading information or misuse funds.” Get the Full Story Complete the form...

Investments
Brex Notches $150M To Advance Expense Management Tools
May 19, 2020

FinTech startup unicorn Brex has closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said in a statement on Tuesday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
Kasikornbank To Offer Nium’s FinTech Payments Platform
May 19, 2020

FinTech payments platform Nium, based in Singapore, is expanding its global reach to service Kasikornbank’s Asia-Pacific customers in Indonesia, Korea, Malaysia, the Philippines and Vietnam. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Digital Couponing Rises With The Digital Shift
May 19, 2020

The digital shift will not have paper coupons. It remains to be seen if the pandemic and its hypervigilance about potential germs will wash what’s left of them away, but digital coupons are growing right along with the crisis-driven move to eCommerce. Get the Full...

Retail
Walmart Crushes Earnings; eCommerce Soars 74 Pct
May 19, 2020

Walmart announced its first-quarter earnings this morning (May 19), crushing even the highest expectations for in-store as well as eCommerce revenue. In-store comps were up 10 percent over 2019 and eCommerce spiked 74 percent as consumers stocked up on essential and nonessential goods. Get the...