According to a news report in The Wall Street Journal, Amazon-owned Whole Foods Market will close its 365 by Whole Foods store in Bellevue, Washington, which was a smaller format store it launched a little over a year ago. Get the Full Story Complete the...
Social Finance, otherwise known as SoFi, the student loan online lender, is giving up on its hopes to become a bank for now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
It’s been a strong year for PayPal, which has seen its shares up 75 percent since the beginning of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In the wake of the massive hack of Equifax, U.S. banks are leveling up their anti-fraud game in response to the fact that 143 million Americans have now had their official data stolen. That is about half of the population of the U.S. — and...
From an acronym known mostly by programmers in the early 2000s to something thousands of innovators have embraced to ignite numerous innovative solutions, it’s been an electric journey for the application program interface (API). Get the Full Story Complete the form to unlock this article...
The latest iteration of EMVCo’s Payment Tokenization Specification has the potential to change the way we shop – even as it changes the way that consumer information is exchanged between cardholders, issuers and merchants. Goodbye to static tokens and hello to a dynamic range of possibilities...
The Federal Reserve, on behalf of the Governance Framework Formation Team, announced the members of the collaborative industry short-term workgroup tasked with developing a governance framework for faster payments in the United States. Get the Full Story Complete the form to unlock this article and...
Wells Fargo’s third-quarter earnings report was marked with mixed results on Friday (Oct. 13), as the beleaguered bank — rocked by scandals tied to sales activities and fake account openings, among other practices — missed top-line estimates but beat on earnings per share. Get the Full Story...
The retail sales figures are in, and they are strong for September. Of course, they got a bit of a lift from not one, but two hurricanes that made landfall in the continental U.S. Get the Full Story Complete the form to unlock this article...