Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories include details about Birchbox’s future and why retailers are looking to digital technologies. Additionally, Costco serves up robot-prepared pizza, PayPal wins high marks for its...
Commonwealth Bank of Australia has lost track of some 20 million customer statements scheduled for destruction two years ago — records that contain personal details but no passwords or PINs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. The Superintendent of Leominster Public Schools, Paula Deacon, was surprised to learn of the extortion demand and contacted police,...
Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. Buoyed by strong consumer spending and its resilience in the U.S. and abroad, companies such as McDonald’s are off to a positive start in 2018. Get the Full Story Complete...
Birchbox has found a buyer, but it won’t be QVC. Instead, hedge fund Viking Global, one of the firm’s investors, will be acquiring a majority stake in the makeup subscription box company. Get the Full Story Complete the form to unlock this article and enjoy...
Extending its multiyear collaboration, Pitney Bowes has announced a renewal of its partnership with eBay. The partnership, which has been in place since 2012, focuses on providing a way for eBay sellers in the U.S. to “sell internationally and ship domestically” through eBay’s Global Shipping Program (GSP),...
Millennials love to share. Ridesharing, home-sharing, bike-sharing — you name it, they probably share it. They are proportionally comfortable using gig economy services that provide these things, with about a third of millennials working some sort of gig position themselves. Get the Full Story Complete...
It’s not easy to stay on the cutting edge of technology when the cutting edge is always changing — and can always be counted on to be expensive. Experimenting with a new technology can be intimidating enough, not to mention buying in for several thousand...
Costco features pizza on its list of food-court offerings, but these pies are now made with the help of automation. 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...
