News

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...

Regulation
Tencent, Other Chinese Tech Firms Called Out For Privacy Violations
December 19, 2019

A number of Chinese tech companies were ordered to clean up policies on the way their apps deal with user information or face penalties, according to an Associated Press report on Thursday (Dec. 19). Get the Full Story Complete the form to unlock this article and...

Fintech Investments
LiquidX Branches Out With Finance Fix For Global Supply Chains
December 19, 2019

Marketplace trading platform LiquidX is rolling out its Supply Chain Finance (SCF) program on its new web-based portal, the company said in a press release on Thursday (Dec. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
BRICS Drives Mobile Payments Growth Last Decade
December 19, 2019

A few decades ago, a certain acronym was a darling of Wall Street, a place where acronyms thrive. 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...

Payments Innovation
Why Voice And Smart Homes Will Be Even Bigger In The 2020s
December 19, 2019

We are not exactly Nostradamus here at PYMNTS, but we do have a good view into the future as it will play out in the new decade. And you can bet that the rise of the so-called smart home — powered in large part by...