News

Security & Fraud
Forever 21 Stores Hacked
November 15, 2017

Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. 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...

Partnerships / Acquisitions
PPRO, Klarna Partner To Expand European POS Credit
November 15, 2017

PPRO Group, the cross-border ePayment company, and the European bank Klarna announced Wednesday (Nov. 15) a partnership that will enable payment service providers (PSPs) to offer credit-based payments to European merchants through PPRO’s payment hub. Get the Full Story Complete the form to unlock this article...

Banking
Wells Fargo Softens Overdraft Policy
November 15, 2017

Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a new overdraft feature that will reduce the hit to customers. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Wells Fargo Settles With SEC Over AML Reporting
November 15, 2017

Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting suspect activities pertaining to money laundering for several years. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Blackhawk And eBay Ramp Up B2B Gift Card Focus
November 15, 2017

Blackhawk Network, a global financial technology company, announced that it has expanded its partnership with eBay to provide the online marketplace with end-to-end business-to-business (B2B) gift card services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Big Banks Join Forces To Vet FinTech Partners
November 15, 2017

JPMorgan Chase and Bank of America are reportedly teaming up to create a group that will help them manage risks associated with FinTech partnerships. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

eCommerce
Goldman Sachs Warns Online Food Sales Could Mean Trouble For Grocers
November 15, 2017

A report from Goldman Sachs warns that as more consumers get comfortable shopping for groceries online, the already-competitive supermarket backdrop might get even worse for grocers in the future. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Millennials Have Lost Their Appetite For Eating Out
November 15, 2017

The problem with millennials is that they just won’t sit still and stick with the cultural definitions they’ve been given. Three years ago, millennials were the “experience-oriented” customers who preferred buying experiences to things.  Among points of proof for that claim: millennials’ extreme enthusiasm for eating...

Banking
Wells Fargo Cuts Back SMB Card Unit As Part Of Card Processing Restructure
November 15, 2017

About 50 Wells Fargo employees were laid off from its SMB card processing unit as the bank works to restructure the entire unit geared toward small- and medium-sized businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...