News

Merchant Innovation
Pepper The Robot Is Going To Work – At SoftBank
December 19, 2016

Pepper, a rather adorable humanoid robot, is being put to work by his bosses at SoftBank.  The Japanese internet group — founded by Masayoshi Son — has already sold about 10,000 of the robots, mostly to futurists and lovers of novelty. Get the Full Story Complete the form to...

International
Beijing Starts Prosecuting Individuals Behind Huge P2P Lending Scam
December 19, 2016

Beijing has started prosecuting 26 people who are behind what is alleged to be China’s largest online fraud scam. 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...

Partnerships / Acquisitions
Snapchat Is On A Buying Hunt
December 19, 2016

Snapchat is reportedly in the mood to buy companies, looking at everything from drone companies to wearable camera startups. 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...

Venezuelans Trading Bolivars For Bitcoin
December 19, 2016

Bitcoins have recently gained interest as a protective measure. Government agencies and banks have started to hoard bitcoin to ward off hackers. DDoS hackers know they can make ransom deals with organizations, which now are becoming keenly aware of how to keep the peace. But...

Security & Fraud
Attempted Cyberattack Cost Turkish Bank $4M
December 19, 2016

Turkey’s Akbank financial institution was targeted by hackers via the SWIFT global money transfer system earlier this month. While the bank confirmed no customer data was compromised by the threat, the maximum risk Akbank will face is $4 million, Reuters reported. Get the Full Story...

Partnerships / Acquisitions
MassRoots Buys Pot Online Ordering Platform Whaxy
December 19, 2016

MassRoots, a technology platform for the cannabis industry, announced last week it entered into a definitive agreement to acquire DDDigtal, otherwise known as Whaxy and Cannabuild, for $100,000 cash and 2,926,830 million shares of MassRoots’ common stock. Get the Full Story Complete the form to...

Thanks To Breaches, Cyberinsurance Is Growing Fast
December 19, 2016

There are all types of insurance — home, health, auto, to name a few. But the fastest-growing insurance in America? 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
Verizon Wants Yahoo Asset Sale Deal Repriced
December 19, 2016

Yahoo’s second massive hack of its systems, this time affecting 1 billion customers, is prompting Verizon Communications to demand concessions, or it will walk away from its deal to buy its core assets for $4.85 billion. Get the Full Story Complete the form to unlock...

Hanukkah, Christmas Craft Perfect Profitable Shipping Storm
December 19, 2016

There’s the Gregorian calendar and the lunar calendar. Religiously speaking, this year, they’ve seemed to Venn diagram on the same day: Christmas Eve and the first night of Hanukkah, both beginning on the same day. Get the Full Story Complete the form to unlock this...