News

Security & Fraud
Travelex Foresees No Financial Impact From Ransomware Attack
January 08, 2020

Travelex, a foreign exchange and payments company, was thrown into chaos around New Year’s after a ransomware attack locked up its systems, forcing employees to use pen and paper to take care of thousands of customers, according to a report by Reuters. Get the Full...

Investments
Israeli Tech Startups Boost Funding 30 Pct. YOY
January 08, 2020

Israel’s technology sector had a banner year in 2019, raising $8.3 billion in 522 deals, a 30 percent growth over 2018, ZAG law firm announced Tuesday (Jan. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
Hundreds Of FinTechs Move From UK To EU Ahead Of Brexit
January 08, 2020

No one knows just what Brexit will mean for commerce, for international trade, for currencies across the Continent.  The only certainty is that the effects will be far-reaching. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Delivery
Grab Opens Inaugural Singapore Cloud Kitchen
January 08, 2020

Southeast Asia’s GrabFood is the latest food delivery service to launch a ghost kitchen in Singapore, accommodating several restaurant brands and turning up the heat on competition, DealStreetAsia reported Tuesday (Jan. 8). Get the Full Story Complete the form to unlock this article and enjoy...

Retail
How A New Name Sparked An Unattended Retail Turnaround
January 08, 2020

Shakespeare famously wrote, “What’s in a name? That which we call a rose, by any other name would smell as sweet,” proving two things at once. First, the fact that he is one of the foremost playwrights in the history of the human language. The second...

Retail
Can Sports And Entertainment Really Spark Mall Revivals?
January 08, 2020

Long live physical retail. 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 to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing...

Retail
Apple’s App Store Generated About $50B In 2019 Revenue
January 08, 2020

With an increase from the $120 billion made known in January 2019, Apple has paid $155 billion to developers as of 2008. According to a CNBC analysis, Apple’s App Store had sales maxing out at $50 billion last year – with the assumption that developers...

Retail
Holiday Shoppers May Have Favored Non-Mall Retailers
January 08, 2020

Department store chains in the United States might have experienced another disappointing holiday season, with the category of retailers that includes Macy’s, Nordstrom and JCPenney seeing overall sales drop 1.8 percent from Nov. 1 to Dec. 24, per Mastercard Spending Pulse. Get the Full Story...

B2B Payments
Commercial Cards Find Opportunity In Transparency, Lower Fees
January 08, 2020

There is more than one way to drive commercial card innovation. 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 to our daily newsletter, PYMNTS Today. By completing...