News

Retail
Nordstrom Gives Ivanka Trump Brand The Boot
February 06, 2017

Nordstrom has officially decided to part ways with Ivanka Trump’s clothing brand. The retailer told Business Insider that its decision was due to the brand’s declining sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

eCommerce
Online Shopping Means More Business For UPS
February 06, 2017

With more people shopping online, that means more packages to deliver for UPS. The company revealed that it delivered more than 712 million packages globally, a record and a 16 percent increase from the 2015 holiday period. For the full year, package volume rose 4.6...

Retail
Grocery Tracker: Food Deflation
February 06, 2017

Costco stock saw major movement this week, rising over 3 percent from Wednesday’s (Feb. 1) close to $166.82 at the start of Thursday’s trading. The latest boost means Costco is out of the valley, for now, seeing prices comparable to those in Aug. 2016 before...

Security & Fraud
Payment Card Breach At A Dozen InterContinental Hotels
February 06, 2017

In one of the latest payment card data breaches reported affecting the hotel industry, InterContinental Hotels Group said that 12 hotels in the United States were compromised. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
9 ISPs Unable To Provide Broadband Access To Poor, Per FCC
February 06, 2017

In the latest salvos over broadband access, the Federal Communications Commission, newly headed by Ajit Pai, has blocked nine ISPs from joining the federal government’s Lifeline program, which promotes broadband access for low-income households — with implications for everything from school-focused research to streaming media...

Banking
BBVA Compass Takes $60M Charge On Simple
February 06, 2017

BBVA Compass, the bank and savings and loan holding company, reportedly has to take a writedown on Simple, its digital banking business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Europe
Klarna Snaps Up BillPay
February 06, 2017

Getting the week off with a bit of a  bang, it looks like some European payments power players are joining up to take on the market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Faster Payments
Bottomline Implements NCR’s Faster Payments Network
February 06, 2017

NCR Corporation, a global leader in omnichannel solutions, announced that Bottomline Technologies has integrated Authentic, NCR’s intelligent transaction processing platform, into its Direct Faster Payment Service (FPS) solution. This new technology will allow U.K.-based financial institutions to connect securely to the Faster Payments network. Get...

Security & Fraud
Links Between Russian Arrests And Hacking In The US?
February 06, 2017

A number of what The Wall Street Journal has termed “high-profile” arrests in Russia, tied in part to that country’s Federal Security Service, have pointed to Russian hacking that had an impact in the United States. Get the Full Story Complete the form to unlock...