News

B2B Payments
Payroll, Workers’ Comp Find Link Through Real-Time Data
December 20, 2019

Payroll and insurance are two areas in which technology startups have brought disruption to the fold, but challenges in these markets are rarely tackled simultaneously. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Thousands Of Amazon Ring Passwords Leaked On Dark Web
December 20, 2019

A new security lapse has been involved with Amazon’s Ring security cameras this week. 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...

Retail
Merchants Prepare For $40B-Plus In Holiday Returns
December 20, 2019

Bigger sales mean more returns as retailers ready themselves for a flood of unwanted merchandise that is anticipated to top $40 billion, CNBC reported on Friday (Dec. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Mobile Payments
Ant Financial Buys Stake In Vietnamese eWallet eMonkey
December 20, 2019

China’s Ant Financial has negotiated an unannounced strategic investment in Vietnam’s eWallet startup eMonkey, Reuters reported on Friday (Dec. 20) citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Facebook, Alphabet Scammer To Serve Five Years In Prison
December 20, 2019

A Lithuanian man who scammed Facebook and Google into sending him hundreds of millions of dollars has been sentenced to five years in prison, according to published reports Thursday (Dec. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Why Rent The Runway Wants To Become The Amazon Prime Of Retail
December 20, 2019

A decade ago, the concept of building a retail operation around shopping in other people’s closets was something of a hard sell. In 2009, the sharing economy was in its earliest days — Uber had just been founded, Airbnb was less than a year old,...

Retail
Giving Layaway A Digital Reboot
December 20, 2019

In the 1930s, in the era of the Great Depression, when consumers had little extra cash, retailers nationwide came up with an innovation to make it easier for people to shop without having to pony up cash right away. It was called layaway. Get the...

Partnerships / Acquisitions
Takeaway Looks Poised To Win Just Eat Deal
December 20, 2019

In the bidding war for British online food company Just Eat, competitors Prosus and Takeaway.com are both putting up strong offers for their final bids. Prosus, the internet division of tech conglomerate Naspers, is offering £5.5 billion ($7.16 billion USD) in cash, and Dutch takeout...

Payment Methods
Fed Data: Non-Cash Payments Grow 6.7 Pct Per Year From 2015-2018
December 19, 2019

With the ongoing decline of checks, the growth of payments by debit and credit cards continued to speed up from 2015 to 2018, per Federal Reserve U.S. non-cash payments data. The 2019 Federal Reserve Payments Study found that the core non-cash payments growth rate arrived...