News

Investments
Payments Stocks Log Positive Performance
April 03, 2017

For the week that just ended, payments stocks were weighted to the positive end of performance, where the top five gainers posted mid-single-digit increases. By way of contrast, only a single stock in our pantheon posted similar metrics to the downside. Get the Full Story...

Retail
Kohl’s Bucks The Trend; Gears Up To Open More Stores
April 03, 2017

Bucking the trend of shuttering physical store locations, Kohl’s is gearing up to add more, reported Forbes. 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,...

IPO
Car Marketplace Carvana Files Its IPO
April 03, 2017

The mark of success for most any new business is whether or not it makes the leap to “go public.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
McDonald’s Claims Hacking On Its Canada Jobs Site
April 03, 2017

At one point or another, almost every organization’s cybersecurity is breached. Big or small, it seems that no one is immune from cyberattacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Netspend Agrees To Settle FTC Allegations
April 03, 2017

After a lengthy legal process with the Federal Trade Commission (FTC), the Netspend Corporation has come to an agreement. The company, which serves those without a bank, specializes in providing prepaid Visa debit cards. Get the Full Story Complete the form to unlock this article...

Payment Methods
Millennials Covet High-End Rewards Points
April 03, 2017

Millennials may balk at taking on a lot of credit card debt, but when it comes to opening new credit cards to reap the benefits of rewards points, it’s become the new hobby among throngs of them. Get the Full Story Complete the form to...

Regulation
CFPB Touts Structural Changes Won’t Impact Operations
April 03, 2017

The Trump administration’s Justice Department’s March 17 brief outlining the possible unconstitutional structure of the Consumer Financial Protection Bureau (CFPB) was met with some resistance from the organization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Panic Arises As Chinese Company Plans To Acquire U.S. MoneyGram
April 03, 2017

Foreign interference with U.S. organizations or the government is always a concern. Following the 2016 presidential election, this concern has likely only increased its level. As such, when Ant Financial, which is owned in part by the Chinese government, announced its plans in January to acquire...

Regulation
CFPB Director Cordray Defends Agency In Republican Crosshairs
April 03, 2017

Republicans and President Trump want to wrest the power from the Consumer Financial Protection Bureau (CFPB), a consumer watchdog put into place under former President Obama, but its director Richard Cordray last week was out defending the agency he heads. Get the Full Story Complete...