News

Retail
First Data Transaction Data Shows Black Friday’s Winners And Losers
November 28, 2017

Holiday shopping is off to a good start: A report shows a strong pre-holiday season (the three weeks leading up to Thanksgiving and Black Friday), followed by solid Thanksgiving and Black Friday sales. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Senate Demands Answers From Uber Over Hack
November 28, 2017

Lawmakers sent a letter to Dara Khosrowshahi, the chief executive of Uber, saying that the data breach, which the company paid hackers to cover up for about a year, “merits further scrutiny.” Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Bankers Press For More Lenient Leveraged Lending Guidelines
November 28, 2017

Reports in Reuters say bankers and investors are calling on regulators to relax Leveraged Lending Guidelines as they seek to regain market share lost to some alternative lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Apple’s Face ID Hacked By Vietnamese Researchers
November 28, 2017

Vietnamese hackers who previously said they could bypass Apple’s Face ID biometric phone security with a mask claim to have hacked the iPhone X again, this time with more evidence of their success. Get the Full Story Complete the form to unlock this article and...

Retail
Cyber Monday Shatters Every Online Record So Far
November 28, 2017

Cyber Monday is shaping up to be one of the biggest days of online shopping ever in the U.S., with consumers buying up deeply discounted toys and electronics. Significantly, many of these American consumers are using their mobile phones to make purchases during Cyber Monday....

Retail
Small Business Saturday Drove 108M Consumers To Shop, Dine Locally
November 28, 2017

Small Business Saturday drew around 108 million consumers to locally owned restaurants and retail businesses, reported the National Federation of Independent Business (NFIB) and American Express in a joint press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
SoftBank Bids To Buy Uber Stock At A 30 Percent Discount
November 28, 2017

Uber’s valuation may be looking at a haircut — Japan’s SoftBank is officially offering to purchase shares of the firm at a $48 billion valuation. That is a 30 percent discount off of Uber’s most recent valuation of $68.5 billion, a person familiar with the matter...

Security & Fraud
Tokenization’s Value Beyond Payments
November 28, 2017

Tokenization is a vanguard in the fight against card not present fraud – but is flexible enough to protect just about any store of value. Rambus VP of Strategic Business Development David Worthington tells PYMNTs why encrypted credentials are among the best ways to keep...

Security & Fraud
INSIDER INSIGHT: Can Jiko Tame The Wild West Of Digital Banking?
November 28, 2017

Gone are the days of bandits terrorizing banks in the Old West – but that doesn’t mean banks are safe in the modern age. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...