News

International
India Aims To Get Rid Of Credit Cards By 2020
January 10, 2017

India isn’t only trying to fight corruption with its move to take high-denomination currency out of the system; it is aiming to get rid of plastic money by 2020. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bitcoin
Answers From China On Bitcoin’s Drop
January 10, 2017

Last Friday (Jan. 6) was tough for bitcoin users around the world. Values that had soared to near record highs fell 23 percent, then recovered a bit. At the time of writing, the price of bitcoin sat at $892.62. While the sudden drop was at...

Point of Sale
Verifone North America Has A New President
January 10, 2017

Verifone has announced that Joe Mach has been promoted to President of Verifone for North America. A long time veteran of the firm, Mach has been with Verifone since the year 2000 and has worked in retail and technology for the last quarter century. Get...

Investments
Resy Lands $13M In Funding Led By Partner Airbnb
January 10, 2017

Resy, the reservation booking app startup in New York, has landed $13 million in funding, which was led by Airbnb. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Partnerships / Acquisitions
Amazon Web Services Acquired Harvest.ai To Protect Cloud Offering
January 10, 2017

Amazon Web Services (AWS) has reportedly acquired Harvest.ai, a cybersecurity startup based in San Diego. 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,...

Bitcoin
Illegal Bitcoin Exchange Operator Admits To JPMorgan Hack
January 10, 2017

Anthony Murgio, the alleged operator of an illicit bitcoin exchange called Coin.mx, pled guilty on charges of conspiring to use the scheme to hack companies, including JPMorgan Chase. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
CBZ Suspends Visa Card Transactions Because Of High Fees
January 10, 2017

CBZ Holdings, Zimbabwe’s largest bank, is suspending Visa cards for transactions made locally, with the high costs associated with Visa cards and cash shortages being the main reasons. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Retail Sales Climbed 3.6 Percent During Holidays
January 10, 2017

Some retailers may have warned about a sluggish holiday season in 2016, but First Data released its own data that shows sales increased in both November and December within expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Older Millennials More Apt To Opt For Mobile Payments
January 10, 2017

In the U.S., mobile payment options have expanded over the past few years. Adoption, however, has been slower on the uptake, with only modest growth even over last year. As PYMNTS’ Karen Webster recently put it this week: “Consumer adoption on mobile pay has been...