The U.S. Securities and Exchange Commission (SEC) has charged two founders of a cryptocurrency company for an allegedly fraudulent initial coin offering (ICO) that raised more than $32 million. Their firm, Centra Tech Inc., had been promoted by boxer Floyd Mayweather in a tweet, CNBC...
Alibaba is in the process of acquiring food-delivery startup Ele.me for $9.5 billion. 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 to our daily newsletter, PYMNTS Today....
The industry and public were still reeling from the data breach that hit Saks Fifth Avenue and Lord & Taylor last week when another major breach stole the spotlight, this time at Panera Bread. Get the Full Story Complete the form to unlock this article...
To simplify its path to EMV card acceptance, and to reduce PCI compliance scope, Kentucky Fried Chicken (KFC) has migrated its payments system in the U.S. to Ingenico Group’s Telium Semi-Integrated solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In the early 1900s, department stores came up with a novel idea to help their customers pay for their purchases: Customers could use metal plates — that looked like dog tags or tokens — at retailers such as Gimbels that tracked their spending. The idea was that...
After its funding talks were put on hold earlier this year, Honey’s discussions to raise new funding appeared to have restarted. The company has previously held talks to raise approximately $100 million, Recode reported. Get the Full Story Complete the form to unlock this article and...
Small business (SMB) banking is in need of an overhaul. Between the threat of FinTechs and small business owners’ increasing willingness to switch banking providers, financial institutions are waking up to the demand for better SMB services. Get the Full Story Complete the form to...
“Blame Amazon” may not be an entirely legitimate excuse for failing businesses, according to new research from Insureon and small business (SMB) directory firm Manta. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Experts say an employee phishing scam is likely to blame for the data breach affecting millions of Saks Fifth Avenue and Lord & Taylor payment cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
