News

Cross-border Payments
South Korean Investigators Looking At North Korea’s Role In Youbit Demise
March 29, 2018

Law enforcement in South Korea is looking into Youbit, the South Korean bitcoin exchange that was the subject of a heist that brought the exchange down, and are investigating the prospect that North Korea may have been involved. Get the Full Story Complete the form...

Investments
Credit Karma Now Valued At $4B Thanks To $500M Funding Boost
March 29, 2018

As Credit Karma seeks to move beyond credit reports and become a financial assistant, the company said on Wednesday (March 28) that Silver Lake bought equity in the company. The fund invested $500 million in Credit Karma, which has been around for more than a...

Banking
Consumers Paid $34.3B In Overdraft Fees In 2017
March 29, 2018

Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016,  The New York Post reported. Get the Full Story Complete the form...

Cross-border Payments
Airbnb Will Soon Share Host Information With The Chinese Government
March 29, 2018

In an effort to comply with local laws and regulations in China, Airbnb has announced that it will start sharing information with the Chinese government in a few days. As of March 30, the home sharing company may give Chinese authorities information “without further notice,”...

Merchant Innovation
Porsche Passport Lures Younger-Than-Expected Drivers
March 29, 2018

Porsche Passport, the luxury car maker’s subscription service that enables users to access Porsche cars through a mobile app, is luring in younger-than-expected drivers, reported CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
How Contactless Payments Drive Retail’s In-Store Design
March 29, 2018

How to make contact with the idea of contactless? How to bring the mobile wallet to the U.S. in a way that makes a splash at a level seen elsewhere across the globe, especially in Europe? Get the Full Story Complete the form to unlock...

Payment Methods
How Real-Time Payments Change Consumer Bill Pay
March 29, 2018

Not with a bang, but with a whimper: That’s how Gene Neyer, chief strategy officer at Icon Solutions and this week’s Commander in Chief, says real-time payments technology will overtake the industry. Such major shifts, he said, don’t happen dramatically. Rome wasn’t built in a...

Retail
Why Clothing As A Service Is The Future Of Fashion
March 29, 2018

Gwynnie Bee entered the market seven years ago with a goal of building a new eCommerce for apparel based on access, instead of ownership. Now, according to co-founder and CEO Christine Hunsicker, the brand is ready to brings its Clothing as a Service model to...

Prepaid
Beyond The Buzzword: eGifting Meets P2P Payments
March 28, 2018

How can eGifting be more enjoyable — the experience more exciting — than receiving a traditional digital gift card? 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...