News

B2B Payments
In UK, Late Payments Spur SMB Financing Scramble
November 12, 2018

A new study shows that, in the U.K., SMBs tap emergency financing to deal with late payments. In Africa, bread shortages have loomed with suppliers demanding cash up front. Late payments are also hitting the Middle East, according to reports.

Security & Fraud
Healthcare.gov Hack Exposes Consumer Data
November 12, 2018

The Centers for Medicare and Medicaid Services (CMS) confirmed on its website that it was the victim of a data breach in October — the Marketplace system used for agents and brokers was hacked. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Alibaba Sets $30.8B Singles Day Sales Record
November 12, 2018

Alibaba has set a new Singles Day sales record, generating more than $30.8 billion during the 24-hour shopping event. 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...

Consumer Authentication
What’s Good For Veterans Can Be Very Good For Businesses
November 12, 2018

It started in the early 1980s: The nation began to repent for what was commonly viewed as the shabby treatment of Vietnam War veterans. It caught speed in the early 1990s upon completion of the Gulf War. Later that decade, in a cultural movement that...

Merchant Innovation
PODCAST: Why Merchants Should Go ‘Auth Shopping’
November 12, 2018

Decline rates are on the rise, reaching 30 percent of CNP transactions, depending on where one looks. Bruce Parker, CEO of ModoPayments, said that’s a bit of a black box and plumbing issue, where going “auth shopping” might help boost conversion rates. A marketplace model...

Security & Fraud
How Neiman Marcus Safeguards Purchases When Sales Surge
November 12, 2018

Cyberattacks targeting retailers have more than doubled in the last year, leading merchants to invest in AI and machine learning to protect customer data. While they can be powerful weapons, Shamoun Siddiqui, Neiman Marcus’ VP and chief information security officer, says merchants need to do...

Ridesharing
Taxify CEO Predicts Massive Growth
November 12, 2018

Taxify’s CEO believes his company can grow another 100 times as it competes with rival Uber in Europe and Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
Big Tech’s FinServ Moves Prompt EU Regulatory Probe
November 11, 2018

Moves on the part of Amazon and Google to enter the financial services market is prompting European financial regulators to mull whether or not the tech companies need to be supervised. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
Marcus’ UK Success Has Bank Rivals Worried
November 11, 2018

Goldman Sachs is scaring competitors in the U.K. with its recently-launched savings account that gives savers a bigger return. 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...