News

International
UK FCA Asks Banks To Explain High Overdraft Fees
January 28, 2020

The U.K.’s Financial Conduct Authority (FCA) is questioning banks about recently-hiked overdraft fees, some as high as 40 percent and 10 times the cost of a payday loan, Reuters reported on Tuesday (Jan. 27). Get the Full Story Complete the form to unlock this article and...

International
Why The Coronavirus May Dwarf SARS’ $40B Economic Toll
January 28, 2020

Certain events stand out in stark relief for reminding us of just how interconnected the global economy is in the 21st century. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Digital Banking
Helping FIs Develop Their ‘FinTech Sense’
January 28, 2020

Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. But that doesn’t mean all the players in payments and financial services have a solid or clear digital strategy....

International
Former China Bank Gov Against Rushing Digital Currency
January 28, 2020

A former Chinese deputy governor is urging President Xi Jinping to rethink his response to Libra after the U.S. hearing last October. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Retail CFOs Tighten Purse Strings Over Physical Store Uncertainty
January 28, 2020

Retail chief financial officers (CFOs) are in for a bumpy road ahead, sitting in the eye of a storm with the presidential election, global trade disputes and mixed signals on customer spending, according to reports. Get the Full Story Complete the form to unlock this...

Security & Fraud
Avast Antivirus Program Selling Private Browser Data
January 27, 2020

Antivirus program Avast was found to be selling user data to a number of huge companies, including Google, Microsoft and Pepsi. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Kobe Bryant’s VC Firm Holds More Than $2B In Assets
January 27, 2020

Kobe Bryant, who died Sunday (Jan. 26), was a well-known businessman and leaves behind a strong legacy of savvy investing and mentoring, according to a report by CNN Business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

eCommerce
As Classic Video Games Turn Into Collectibles, Can eCommerce Keep Up?
January 27, 2020

Here’s a truth about human beings: We’ll collect — and resell and profit from — just about anything. And the latest big trend in collectibles combines what amounts to a hat-tip to essentially ancient digital culture with up-to-date eCommerce. Get the Full Story Complete the form...

Retail
Vitamin Shoppe Opens Stores Inside Nine LA Fitness Gyms
January 27, 2020

The Vitamin Shoppe, a nutrition product retailer, has teamed up with LA Fitness to open shops inside the fitness centers, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...