News

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...

International
Apple Shows Reliance On China Ahead Of New Tariffs
August 28, 2019

Supply chain data from Apple indicates the tech firm is still dependent on China despite using manufacturing plants in Brazil and India, Reuters reported on Wednesday (Aug. 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

News
Top News In Payments: Spend Tools Key To Maximizing SMB Efficiency; Full Harvest On Fighting...
August 28, 2019

Today in the payments news roundup, a report highlights the spend solutions that can help small to medium-sized businesses (SMBs). Also, the founder and CEO of Full Harvest explains how the digital marketplace model can help fight food waste. And Telegram reportedly has plans to release...

International
Huawei To Roll Out New Smartphone Line Despite Ban
August 28, 2019

Huawei Technologies will carry out its plan for a new high-end smartphone in Europe even without access to Google’s Android operating system and apps, Reuters reported on Wednesday (Aug.28).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Clothing Rental Service Le Tote Buys Lord & Taylor For $100M
August 28, 2019

Hudson’s Bay Company (HBC) is selling Lord & Taylor for $100 million to Le Tote, a clothing rental subscription service, the New York Post reported on Wednesday (Aug. 28). Lord & Taylor is the oldest department store chain in the U.S. and was acquired by...

International
Grab To Invest $500M To Grow Vietnam Jobs And Economy
August 28, 2019

Grab recently announced that it will invest $500 million into Vietnam, and are now revealing details about what they have planned for the country, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
CamScanner Android App Found To Contain Malware
August 28, 2019

Kaspersky Lab researchers said they found malware in CamScanner, an app that has 100 million downloads in the Google Play Store, according to reports.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...