News

Biometrics
Leaked Documents Show UN Facial ID Tenets Framed By China
December 02, 2019

Technology firms in China are framing facial recognition policies at the United Nations (UN), The Financial Times (FT) reported on Sunday (Dec. 1), citing leaked documents.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Cyber Monday Sales Expected To Rise 19 Pct YOY
December 02, 2019

Cyber Monday is tracking to break eCommerce records and possibly go down in history as the biggest day ever for online sales in the U.S., The Financial Times (FT) reported on Sunday (Dec. 1).  Get the Full Story Complete the form to unlock this article...

Investments
The Venture Investing Road Less Traveled: Funding Enablers, Not Challengers
December 02, 2019

High-flying tech unicorns have been brought to earth. Venture capital dollars chase Neobanks and alternative credit companies.  Commerce Ventures Founder Dan Rosen tells Karen Webster that the key to venture capital success lies not with disruptors, but with smaller tech enablers. These are smaller platforms and...

Retail
The Latest Retail Upsell: Insurance At The Point Of Sale
December 02, 2019

Every merchant is looking for an edge – a way not only to make more money, but also to hit on fresh methods for building customer loyalty and trust. As we look to a new decade and as payments technology advances, eyes are turning toward...

Payment Methods
NEW DATA: Millennials Were Black Friday’s Big Spenders In 2019
December 02, 2019

Black Friday is the traditional start of the holiday shopping season and this year 151 million consumers got their Black Friday shopping groove on. This year, that groove was more online than at a physical store, but with all income groups spending at least 25...

Banking
HSBC, Santander To Reimburse Overdraft Fees After Failing To Alert Customers
December 02, 2019

HSBC and Santander UK will refund the overdraft fees of more than 115,000 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...

Ridesharing
India Proposes Limiting Ride-Hailing Commissions
December 02, 2019

India is considering a proposal to cap the commissions on app-based ride-hailing firms, such as Uber and Ola, to a total of 10 percent of the full fare, Reuters reported on Wednesday (Nov. 27), citing a draft document it reviewed. The move could reduce ride...

Retail
Costco, H&M Sites Have Outages During Holiday Weekend
December 02, 2019

A few major retailers experienced technical difficulties on their websites during Thanksgiving weekend —the official start of the holiday shopping season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
SoFi Founder Mike Cagney Notches Near-$103M For New FinTech
December 02, 2019

Silicon Valley’s Figure Technologies, co-founded by SoFi Founder Mike Cagney, has raised $103 million in a Series C funding round, reports said on Sunday (Dec. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...