News

Security & Fraud
Upromise Fined $500,000 By FTC For Violating Data Collection, Usage
March 20, 2017

Upromise, a membership reward service, was fined $500,000 by the Federal Trade Commission (FTC) to settle allegations it violated a FTC rule that requires companies to disclose their data collection and usage of that data and get a third-party assessment of its data collection tools....

Ridesharing
Can Bill Gurley Reign In A Rowdy Uber?
March 20, 2017

Though considered a rare figure, Bill Gurley, who heads a venture capital firm that has a 20 percent stake in Uber, may be just what the company needs as it faces a mounting number of difficulties and a tarnished image. Get the Full Story Complete...

Ridesharing
Uber Report Shows Self-Driving Cars Still Need Significant Work
March 20, 2017

While Uber has made some progress in developing its self-driving cars, there is still significant work to be done, according to a company report obtained by Recode. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Delivery
Kroger Testing Out Home Deliveries With Uber
March 20, 2017

The Kroger Co. is looking into ways to get online orders to its shoppers faster and more efficiently by testing out Uber deliveries at several of its locations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Ridesharing
Uber President Jeff Jones Announces Resignation
March 20, 2017

Another wrinkle in the ongoing soap opera of Uber for the last few months seems to be starting out this week as Uber president Jeff Jones announced his resignation. Jones has been with Uber for slightly less than a year. Get the Full Story Complete the form...

Security & Fraud
Saks Fifth Avenue Compromised Personal Data Of Customers
March 20, 2017

Tens of thousands of Saks Fifth Avenue shoppers had their personal information compromised and made publicly available online, BuzzFeed News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Anonymous Is Increasing Hacks Of Central Banks
March 20, 2017

In 2016 hackers were able to steal about $21 million from accounts held at Bank of Russia, and this year attacks on banks around the globe are likely to get worse now that hacker group Anonymous has joined the effort. Get the Full Story Complete...

CFPB
Justice Department Calls CFPB’S Structure Unconstitutional
March 20, 2017

In a brief filed on Friday (March 17) in a lawsuit against the Consumer Financial Protection Bureau (CFPB), the Justice Department declared that the agency’s structure is unconstitutional. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fintech Investments
CreditEase Invests In Three US-Based FinTechs
March 20, 2017

CreditEase, the Chinese FinTech investment fund, announced Friday (March 17) it had made investments in FinTech companies in the US. 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...