News

Security & Fraud
How FinTechs Combat Fraud Risk With Automation
August 22, 2019

FinTech firms are tapping into automation and training to stay on top of the latest security developments, while keeping an eye on evolving trends in the payments space. Fraud, for instance, is an ongoing threat, with nearly three-fourths of U.S. financial institutions reporting growing losses...

International
ECB Gives Banks More Time To Cover Unpaid Loans
August 22, 2019

The European Central Bank (ECB) is granting eurozone financial institutions additional time to cover unpaid loans after being pressured by Brussels, Reuters reported on Thursday (Aug. 22).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Digital Banking
N26 Banking App Now Live In US
August 22, 2019

Banking startup N26 has announced that its mobile banking app is now available to customers across the United States, following the completion of a beta program that lasted two months, according to a release. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Brex Teams With BigCommerce To Offer Merchant Financing
August 22, 2019

Corporate eCommerce card company Brex has announced a partnership with leading SaaS eCommerce platform BigCommerce, according to a release. 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...

Retail
Mobile Checkout Finds Fresh Fuel From 7-Eleven
August 22, 2019

Mobile checkout is getting a boost from one of the largest retailers, further evidence of the technology’s continuous move deeper into the consumer mainstream. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Rewriting Rewards Around Consumer Behavior
August 22, 2019

In theory, a rewards program tied to customer loyalty is a totally logical acquisition tool.  Customers prone to come in anyway are incented further with points (or stars, or cash back savings), which bring them in, which draws spend, which creates more points and rewards,...

Retail
Bringing Specialty Socks To Malls With Automated Retail
August 22, 2019

For many entrepreneurs, their experiences tend to guide them toward a particular area. The Sock Spot CEO Ben Williams, for instance, worked for a manufacturer in eCommerce and decided to start his own online shopping company. He settled on selling socks because his wife wore...

Retail
TJX Net Sales Miss Estimates In Q2
August 22, 2019

With heightened competition in the off-price space, TJX Cos. reported comp sales and total revenue that came out below the estimates of analysts. The discount department store retailer’s net sales were $9.78 billion, which were below estimates of $9.90 billion, Chain Store Age reported. Get...

Retail
Zomato Faces Challenges With Gold Subscription
August 22, 2019

As restaurants lose interest in the company’s Gold Subscription program, food delivery startup Zomato is hitting roadblocks in India. The offering was meant to be a win-win for restaurant partners along with Zomato, according to reports. Get the Full Story Complete the form to unlock...