News

International
EU Financial Regulators Mull Big Data Rules
December 20, 2016

Financial regulators in Europe are concerned about the impact Big Data techniques may have on consumers and their access to products and services, prompting regulators to mull new rules in that area. Get the Full Story Complete the form to unlock this article and enjoy...

Merchant Innovation
MetLife Launching Virtual Reality Service In India
December 20, 2016

MetLife announced Monday (Dec. 19) that PNB MetLife, its joint venture partnership in India, launched conVRse, an on-demand virtual reality (VR) customer service platform that it claims is first of a kind. Get the Full Story Complete the form to unlock this article and enjoy...

Payment Methods
Chevron Teams With WEX For Branded Fleet Cards
December 20, 2016

Chevron Products Company, a unit of Chevron U.S.A., announced Monday (Dec. 19) it inked a long-term agreement with WEX Bank, a unit of WEX Inc., to issue and operate Chevron- and Texaco-branded commercial fleet cards. The cards will be issued starting in January 2018, Chevron...

Payment Methods
Brazil Tries To Lower Rate For Card Purchases
December 20, 2016

Brazil is taking steps under President Michel Temer to do something about the large spread between Brazil’s benchmark Selic rate and the average annual interest rate on credit cards, which is more than 450 percent and is stopping Brazilians from shopping. Get the Full Story...

Security & Fraud
Faketoken Mobile Banking Trojan Threat Evolves
December 20, 2016

Kaspersky Lab announced that the mobile banking Trojan known as Faketoken has now modified to include a data encryption capability. The Trojan is estimated to be attacking more than 2,000 financial applications across the globe. Get the Full Story Complete the form to unlock this...

Investments
Careem Raises $350 Million In Funding
December 20, 2016

Taxi-hailing app Careem, which is a competitor to Uber in the Middle East, has raised $350 million in venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Virtual Assistants Slated To Surpass VR This Holiday
December 20, 2016

Gadgets and gizmos, oh my. ‘Tis the season for buying and gifting electronics, with most people placing them at the top of their list. As for what type of electronic gift, analysts are now predicting a battle between those that start with the word virtual....

Merchant Innovation
Uber Faces $800M In Q3 Losses
December 20, 2016

Price wars are expensive — just ask the team at Uber, which has put $800 million in losses on the board during the third quarter of this year. Those big loss figures come care of a price war with rival ride-hailing service Lyft in the U.S. and...

Security & Fraud
Lynda.com Hacked; Impacts 55,000 Passwords
December 20, 2016

Lynda.com, the online learning unit of LinkedIn that is now a subsidiary of Microsoft, is the latest victim of a data hack. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...