News

Retail
Swap.com Raises Additional $20 Million
December 13, 2016

Swap.com, an online used apparel marketplace and U.S. subsidiary of Finnish company Netcycler, recently announced it has raised $20 million in a new funding round led by Swedish private equity company eEquity. The most recent round brings the company’s total equity funding up to over...

B2B Payments
Amid Tech Talent War, Innovation A Casualty
December 13, 2016

Job search firm Indeed finds that, in the hypercompetitive world of tech talent, the winners are ... the talent. Amid the casualties? Innovation, VP of Product Terence Chiu tells PYMNTS, and perhaps, further down the line, firms' top and bottom lines.  

Payment Methods
JPMorgan Chase Crosses $1 Trillion Mark With Merchant Processing
December 13, 2016

JPMorgan Chase announced Monday (Dec. 12) it crossed the $1 trillion mark in merchant payments processing volume for 2016 as of 11:06 p.m. Eastern Sunday (Dec. 11). In a press release, JPMorgan Chase said it is the first time it crossed the $1 trillion mark...

Partnerships / Acquisitions
Concardis About To Get Final Buyout Offers
December 13, 2016

Concardis, the German payments group, is about to receive final bids from buyout groups, which could give the company a value of more than $636 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
Costco’s Co-Branded Credit Card Has 1 Million Members
December 13, 2016

Costco Wholesale has reached a milestone, with Costco saying its co-branded Citi Visa Anywhere credit card now has 1 million members who have signed up for the card. According to a report, the co-branded card was launched in June and is resonating with consumers. “Most of...

Security & Fraud
New Cyber Hacks, Tactics Confirmed By SWIFT
December 13, 2016

Hackers targeting the SWIFT interbank system are getting more sophisticated, according to a previously undisclosed letter the organization sent to banks worldwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
California Looks Into Allegations Wells Fargo Signed Up Customers For Life Insurance
December 13, 2016

And the hits keep on coming for Wells Fargo. California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance polices without their consent. Get the Full Story Complete the form to unlock...

Partnerships / Acquisitions
Cardtronics Becomes Exclusive ATM Provider For United Pacific
December 13, 2016

Cardtronics announced Monday (Dec. 12) it inked a long-term agreement with United Pacific, making it the exclusive provider of ATM services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Alternative Finances
The Millennials Are Coming (To Get A Mortgage)
December 13, 2016

Millennials just aren’t buying homes — they are the first generation of Americans since World War II who will meaningfully move away from that vision of the American Dream. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...