News

B2B Payments
Blockchain Platform we.trade Sees First Bank Transaction
August 29, 2019

Blockchain supply chain finance platform we.trade has seen its first bank transaction. 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...

Security & Fraud
Capital One Hacker Indicted On Fraud, Theft Charges
August 29, 2019

The woman accused of one of the largest instances of corporate hacking in recent memory was indicted on charges of wire fraud and computer data theft on Wednesday (Aug. 29), according to a report by Reuters.  A federal grand jury indicted 33-year-old software engineer Paige...

Retail
Juul To Adopt More Stringent Anti-Youth Checks
August 29, 2019

Juul, one of the most popular e-cigarette brands in the U.S., will be adopting a new age verification system to curb underage smoking, according to a report by The Wall Street Journal.  Get the Full Story Complete the form to unlock this article and enjoy...

Wearables
Take Two For Fitbit’s Versa 2
August 29, 2019

The headlines that started the month of August were less than thrilling for Fitbit — as some were beginning to wonder if Apple had already won the wearable war.  Sales on the Versa Lite, Fitbit’s “affordable” answer to the Apple Watch (starting at $160) came...

eCommerce
How Square’s Orders API Became Central To Its Strategy
August 29, 2019

When Square released its first set of developer application programming interfaces (APIs) about five years ago, the focus was to attract partners able to give its sellers tools to more effectively manage their point of sale data. Get the Full Story Complete the form to...

Retail
Forever 21 Considers Bankruptcy As Mall Sales Decline
August 28, 2019

One source has revealed that Forever 21 might be filing for bankruptcy. The retailer has been looking into ways to restructure its business as it deals with struggling sales. But one person familiar with the situation told CNBC that those efforts have stalled, and bankruptcy...

Retail
Costco’s First China Store Signals Broader Retail Trend Into Foreign Markets
August 28, 2019

Costco Wholesale Corp. continues to grow its eCommerce and grocery operations – same-day grocery delivery is now available to most of the store’s members, the company recently said – as the merchant continues to bask in the glow of besting Amazon in an important customer...

Security & Fraud
Breach At Cybersecurity Firm Imperva Exposes User Data
August 28, 2019

California-based Imperva, a principal cybersecurity provider that works to prevent website breaches, has said it was hacked, The Next Web reported on Wednesday (Aug. 28). The popular security vendor said its cloud-based firewall product exposed user data online, including email addresses, passwords, API keys and...

International
Negative Rates Have Danish Banks Snapping Under Pressure
August 28, 2019

Seven years of negative central bank rates in Denmark have financial institutions in a tailspin, Bloomberg reported on Wednesday (Aug. 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...