News

India’s Telecom Regulator Head Sharma To Stay On For Two More Years
August 09, 2018

The head of the Telecom Regulatory Authority of India (TRAI), Ram Sewak Sharma, will stay on in his role for two more years. According to Reuters, his assignment was slated to end Friday (Aug. 10), but will now have the additional time to continue to shape rules...

Partnerships / Acquisitions
US Bank Looking To Sell Its Payment Unit, Elan
August 09, 2018

U.S. Bank is reportedly looking to sell Elan, its card processing business, reported Fintech Futures. According to the report, Finastra, FIS and Fiserv are in the running to acquire the unit from U.S. Bank. Get the Full Story Complete the form to unlock this article...

Banking
Grasshopper Gearing Up To Launch Challenger Bank In New York
August 09, 2018

Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. 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
Samsung Launches Galaxy Watch Priced Starting At $329.99
August 09, 2018

Samsung Electronics announced on Thursday (Aug. 9) the launch of the Samsung Galaxy Watch, a smartwatch aiming to take on Apple and the Apple Watch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Connected Consumers Are Ready To Buy — Given The Right Context
August 09, 2018

Consumers want smooth connections, not transactional friction. And they want opportunities to discover and buy products in specific online contexts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Comcast Xfinity Customers’ Addresses Partially Exposed
August 09, 2018

Comcast Xfinity, the cable company, exposed partial home addresses and Social Security numbers of millions of customers, reported BuzzFeed News. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Global Payments
Mistertango Teams Up With EXMO; Onfido Partners With TransferGo
August 09, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes provider Onfido’s partnership with global remittance company TransferGo. In addition, ASHBURN International is rolling out dynamic currency conversion, and Mistertango is teaming up with crypto exchange EXMO for instant transactions. Get the...

Retail
IKEA Sets Prices Lower Ahead Of Store Launch In India
August 09, 2018

IKEA has priced its furniture even lower in India to lure customers to its first store in the country this week. 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
The Rite Aid-Albertsons Merger Is Off
August 09, 2018

It seems that the anticipated deal between Rite Aid and Albertsons — which would have seen the pharmacy and grocery chains merge — has been called off. According to the New York Times, the deal had lost the support of Rite Aid shareholders. Get the Full...