News

Security & Fraud
Hospital Cyberattacker Receives 10-Year Prison Sentence
January 11, 2019

A Massachusetts man has been sentenced to more than 10 years in prison for a cyberattack that disrupted Boston Children’s Hospital‘s network for two weeks. Reuters reported that 34-year-old Martin Gottesfeld carried out the attack for hacking activist group Anonymous, which was protesting a custody case involving a...

Artificial Intelligence
Chinese AI Startup Prepares For $2B In Funding
January 11, 2019

SenseTime, the most valuable artificial intelligence (AI) startup in the world, is getting ready for a financing round that could amount to $2 billion, according to Bloomberg. The firm, which already has huge global investment partners like the Alibaba Group, is currently working with advisors...

Banking
KPMG On Technology Enabled Cash Management As Borders Blur
January 11, 2019

Cash management is both opportunity and challenge for banks as cross-border payments gain traction. Troy Hagey, strategy principal with KPMG, tells PYMNTS how technology can help banks bring an analytics-driven strategy to customers, break down intercompany silos and compete with FinTechs.

Retail
Can Click-And-Collect Innovate Pharmacy’s Last Mile?
January 11, 2019

The last mile of prescription refills remains a frustrating, friction-filled experience. Pharmacy apps make the act of refilling a breeze. Text prompts offer reminders that prescriptions are ready. At that point, the slick user experience quickly unravels. Get the Full Story Complete the form to...

International
Chile May Tax eCommerce Companies 19 Pct
January 10, 2019

Chile is considering a 19 percent tax on multinational eCommerce companies like Amazon, Netflix and Uber. 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...

Amazon Profile
Amazon Considers Sears Stores For Whole Foods Expansion
January 10, 2019

Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

News
Five At Five: U.S. Banks Notch Big Victory
January 10, 2019

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes news about recent bank failures and an accusation against LuLaRoe. Sears is still in the bid game, a mobile banking operator thinks big and holiday sales in...

Loyalty & Rewards
Visa And United Airlines App Gets An Upgrade
January 10, 2019

The Visa and United Airlines app, United MileagePlus X, is getting an upgrade, allowing members of the program the opportunity to earn awards miles on their everyday purchases, Visa announced on Thursday (Jan. 10). Get the Full Story Complete the form to unlock this article...

Security & Fraud
Auditors Say EU Failed To Stop Misuse Of Funds
January 10, 2019

Auditors of the European Union said Thursday (Jan. 10) that the EU is failing to stop the misuse of funds to the tune of hundreds of millions of euros annually, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy...