News

News
Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications
November 26, 2019

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. Also, cybersecurity company Kaspersky is putting a spotlight on the increase in fake browser notifications this year. And the pre-orders are coming in for...

Security & Fraud
Synchrony Said Email About Amazon Card Was Mistake, Not Breach
November 26, 2019

Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
TAB Bank Acquires BAMFi’s Capital Division For $46M
November 26, 2019

TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. 26). 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...

Security & Fraud
Cybercrooks Go Old School With German Jewelry Heist
November 26, 2019

Ours is the age of the cyberheist. 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 Today. By completing this form, you agree...

Retail
Building A Digital And Subscription Community For Hockey Parents
November 26, 2019

To help hockey players stay up to date on the latest sports equipment, eCommerce innovator the PenaltyBox offers subscription boxes comprised of a myriad of hockey essentials, from well-known brands to up-and-coming companies the PenaltyBox team tests themselves. They keep their business personal: the product...

Retail
Luxury Retail Steps Up Its Offline And Online Game
November 26, 2019

Luxury and upscale retail are undergoing some significant changes as the holiday shopping season kicks off and a new decade approaches. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Best Buy Reports 15 Pct Rise In Domestic Online Sales
November 26, 2019

With a boost from eCommerce orders, Best Buy Co. notched another quarter of rising sales and management provided a more upbeat forecast for the important holiday season than it did over the summer. The result came with a 15 percent rise in domestic eCommerce sales,...

Retail
Google Bid Against Unnamed Firm For Fitbit Deal
November 26, 2019

A recent SEC filing revealed that two companies were aggressively bidding to buy Fitbit. Although multiple firms met with the company to talk about an acquisition, it was only Google and a mystery firm that ultimately came through with serious bids, CNBC reported. Get the Full Story Complete the...

B2B Payments
Accounts Receivable Begins To Tackle Payables Friction
November 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. But as the latest PYMNTS Next-Gen AP Automation Tracker report highlights, adoption of AP automation technology continues to face challenges. While nearly half of AP departments surveyed said reporting...