News

Biometrics
Mobile Phone Registration in China Now Requires Facial Scanning
December 02, 2019

China has implemented a new policy requiring citizens who want new phone service to scan their faces to verify identities instead of simply presenting ID cards, according to a report in The Wall Street Journal. Get the Full Story Complete the form to unlock this...

B2B Payments
Signicat, SurePay Link Up To Combat B2B Payment Fraud
December 02, 2019

Digital identity solutions provider Signicat is partnering with payment information firm SurePay to combat B2B payments fraud. 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...

Delivery
Carriers Feel Strain Of Delivering Packages In Short Holiday Season
December 02, 2019

Due to a shorter holiday season, delivery companies like Amazon, UPS and FedEx are facing pressure to get packages to customers in a shorter time frame, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this...

News
Top News In Payments: Millennials Spend Big On Black Friday; Goldman Investor Day To Focus...
December 02, 2019

In today’s top payments news, millennials — as well as bridge millennials — were big Black Friday spenders this year. Also, Goldman Sachs’ first-ever Investor Day planned for Jan. 29 won’t include rigid profit goals but instead will focus on growth strategy and transparency throughout...

Payment Methods
Federal Reserve Ups Payment Services Fees By 2.4 Pct.
December 02, 2019

The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 percent higher than 2019, the Fed announced in a press release on Wednesday (Nov. 27). Get the Full Story Complete the form to unlock this article...

B2B Payments
Walmart India Introduces Corporate Card For Business Buyers
December 02, 2019

Walmart India is collaborating on a commercial card solution for its business wholesale customers. 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...

Payment Methods
BMO Harris Bank Is First To Issue True Name Mastercard
December 02, 2019

BMO Harris Bank, in partnership with Mastercard, has introduced the True Name feature for debit Mastercard holders, which will allow for those in the transgender and non-binary communities to use their true first names on their payment cards without the need for a legal name...

Retail
How An Omnichannel Service Aims To Fix The Bridesmaid Experience
December 02, 2019

The bad bridesmaid experience is a tale so common it borders on being a tradition at American weddings. And though it is far from a beloved one, Hollywood has spent decades documenting it on screen with classics of the genre like “27 Dresses,” “Bridesmaids” and “My...

Retail
Cyber Monday Sales Expected To Reach $9.4B
December 02, 2019

Seeking to maintain the momentum of a record $11.6 billion in online sales on Black Friday and Thanksgiving, U.S. retailers started Cyber Monday by rolling out a series of early deals over the weekend. Merchants aim to lengthen the holiday season, which is technically six...