News

Retail
Airbnb To Branch Out Into Flights
December 20, 2016

Airbnb Inc. is looking for ways to further wire itself into its customers’ travel experiences. Sure they’ve already disrupted the lodging part of every vacation — by offering an alternative to hotels — but now their eyes are turning skyward for their next opportunity: Airbnb Flights. Get...

Security & Fraud
CFPB Acts Against Deceptive Pawn Companies
December 20, 2016

The Consumer Financial Protection Bureau (CFPB) announced Monday (Dec. 19) that it took action against four Virginia pawnbrokers for what it said was deceptive practices in terms of the actual annual costs of loans. Get the Full Story Complete the form to unlock this article...

Security & Fraud
LA County Workers’ Info Stolen Via Phishing
December 20, 2016

Ransomware may get all the attention, but phishing scams are alive and kicking with one recently targeting staffers at the County of Los Angeles. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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....