News

Retail
Old Navy Parts Ways With Gap Brand
March 01, 2019

The Gap is parting ways with Old Navy, deciding to create two publicly-traded companies. 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...

International
Liberia’s Lost $100M Found In Central Bank
March 01, 2019

Two of Liberia’s central bank officials have been detained over widespread malpractice at the bank related to $104 million in missing bank notes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Microsoft: State-Sponsored Hackers Siphoned Money From Several FIs
March 01, 2019

Microsoft’s lastest cybersecurity report has revealed that state-sponsored hackers have attacked several financial services firms, managing to steal “large sums of cash.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Partnerships / Acquisitions
Western Union CEO: Speedpay Sale Speeds Way To X-Border Payments Growth
March 01, 2019

The year 2019 is already shaping up as a big year for deal-making in financial services and payments. Western Union, of course, just sold Speedpay, its U.S. bill payments unit, to ACI Worldwide for $750 million. In an interview with Karen Webster, Western Union CEO...

Delivery
Why Retailers Are Crowdsourcing Delivery
March 01, 2019

Imagine getting paid to go home. (Really, take a moment and do so. Feels nice, right?) Now, imagine not only getting paid to go home, but doing so in a way that pleases one’s employer, neighbor, girlfriend’s boss or the person on the other end...

Retail
Apple Watch Claims 50 Pct Of Smartwatch Market
February 28, 2019

The 2018 holiday quarter was a good one for smartwatches, as Samsung and Fitbit each quadrupled shipments compared to a year before, according to reports. And although Apple Watch market share dropped 15 percent over the same time period, it still dominates with control of...

Partnerships / Acquisitions
Uber Reportedly Close To Buying Competitor Careem
February 28, 2019

Ride-hailing and food delivery app Uber is reportedly in “advanced” talks to buy Careem, a Dubai-based rival, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
JD.com, Farfetch To Offer Luxury Shopping Experience In China
February 28, 2019

Chinese eCommerce company JD.com and luxury fashion platform Farfetch are expanding on a previous partnership to bring a “Premier Luxury Gateway to China,” according to a release by the companies. Under the terms of the arrangement, Toplife, JD.com’s luxury arm, will merge into a new...

eCommerce
Amazon India Rival Reliance Can’t Share Consumer Data
February 28, 2019

The chairman of Reliance Industries has run into a hitch in his quest to take on Amazon in India and become the biggest eCommerce company in the country, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...