News

Partnerships / Acquisitions
France’s Worldline To Buy Digital River World Payments
July 17, 2017

Worldline has reportedly agreed to purchase Swedish Digital River World Payments. The French payments company has not disclosed what it will pay for Digital River World Payments, which grossed around $42.3 million in 2016. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Lloyd’s Estimates A Major Cyber Attack Could Cost $53 Billion
July 17, 2017

That cybercrime is a growing — and increasingly expensive — concern is not news at this point. 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...

Retail
Say Hello To The New Retail Intermediary
July 17, 2017

“There is also no question that doing business with [XXX] can give a supplier a fast, heady jolt of sales and market share. But that fix can come with long-term consequences for the health of a brand and a business.” Get the Full Story Complete...

Ridesharing
Uber Investors Looking To Sell Shares?
July 17, 2017

Uber Technologies’ venture capitalists and the company’s board may be gearing up for a share sale to SoftBank Group and others, at the urging of early investor Benchmark, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
UnionPay Leading The Pack In The Global Card Market
July 17, 2017

Mastercard and Visa are losing market share to UnionPay when it comes to the global cards market. That’s according to new research from RBR, which announced news in a press release late last week that the global card market has increased to 14 billion cards...

Banking
Increasing Defaults On Store-Branded Cards A Headache For Issuers
July 17, 2017

Stores issue credit cards — often to consumers somewhat less inherently credit-worthy than might otherwise be given a card — but banks like Citigroup own the debt, by and large. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
The Part Of Fraud That’s On The Decline
July 17, 2017

Catching fraudsters isn’t as easy as just checking the IP address of an order anymore. Today’s fraudsters are smart, well-funded and coordinated, much more so than the merchants they attack. Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as...

CFPB
CFPB Arbitration Rule Dominates Regulatory News
July 17, 2017

The CFPB opens the door to class action suits, and possibly trial lawyer riches, while across the pond, some warnings on regulatory compliance rumble, and Barclays begins ring-fencing efforts.

Retail
Why Shopping Online May Be The Only Truly Safe Summer Activity
July 15, 2017

Summer –  the season of fun, sun, beaches, ice cream and blockbuster movie premieres – is also the most dangerous time of the year, according to the American Pediatrics Assn. Why? Well, because all of the things that used to be fun – and that all of us as kids...