News

Payment Methods
Fed Study: US Consumers Make Average Monthly Payments Of $3,999
December 06, 2019

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. adult consumers who are 18 years old and older. Get...

Security & Fraud
FTC Issues Opinion On Cambridge Analytica Scandal
December 06, 2019

The Federal Trade Commission (FTC) found on Friday (Dec. 6) that British political consulting firm Cambridge Analytica lied to people about the data it was collecting from Facebook, and that it used it to profile and target voters, according to a report by Reuters. Get...

B2B Payments
Australian B2B FinTech Tyro Is Bright Spot In IPO Debut
December 06, 2019

Australian B2B FinTech Tyro Payments recently listed on the Australian Securities Exchange (ASX) and saw its share price increase 29 percent above its IPO price on the first day, according to a report by Finder. Get the Full Story Complete the form to unlock this...

Social Commerce
Report Shows Businesses Can Easily Pay To Manipulate Social Media
December 06, 2019

A new report by researchers from the NATO Strategic Communications Center of Excellence showed it is fairly easy to purchase likes and followers on social media for posts, which troubles some experts who say that companies aren’t doing enough to tamp down on this type...

News
Top News In Payments: Visa To Begin New Certification Program; Circle Co-Founder To Depart Firm
December 06, 2019

In today’s top news in payments, Visa has announced it’s going to begin a new certification program in dispute resolution, as well as fund scholarships that can be used toward the training. Also, the co-founder of Boston-based payments firm Circle will step down from his...

Investments
Vroom eCommerce Sales Platform Raises $254M
December 06, 2019

Vroom, an online marketplace for buying and selling vehicles, has raised $254 million in a Series H funding round, according to a release by the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Giving The Gift Of A Good Read – On Subscription
December 06, 2019

Avid social media users know that soon, the annual wave of posts about Jólabókaflóð will start appearing on Facebook timelines, Instagram stories and Twitter feeds. If the above 11-letter Icelandic word looks mysterious to you (not to mention unpronounceable – for those curious, the phonetic...

Retail
Retail Pulse: Luxury Beauty Brands Revamp Stores; Glossier Opens Temporary Shops
December 06, 2019

Makers of luxury goods, as well as beauty firms, are aiming to bring in shoppers who are moving away from malls and other venues. Some firms are revamping their brick-and-mortar locations to make them into destinations worthy of day trips even as they move sales to eCommerce....

Retail
Retail Holiday Hiring Reflects Focus On eCommerce, Speed
December 06, 2019

With a greater emphasis on speed and online shopping, holiday hiring needs have changed amid shifting consumer preferences. Large retailers are set to hire approximately 790,000 seasonal workers this year in what would mark the second year of significant growth following years of stagnation, per...