News

Consumer Habits Tracked By JD.com, Alibaba
December 12, 2016

How consumers shop is a mystery companies across the globe seek to uncover. In China, however, the two big ones — JD.com and Alibaba — have found ways to gain focused insight into shoppers’ spending habits, which in turn help retailers make eCommerce decisions. Get...

Retail
Michigan Passes Self-Driving Regulations
December 12, 2016

On Friday of last week (Dec. 9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
TD Bank App Curbs Consumer Spending
December 12, 2016

TD Bank wants to help its customers spend a little less money — and has thus launched a transaction tracking app that uses the time-tested “green means go, red means stop” method of cueing human habits that traffic lights have perfected.  The new system alerts consumes...

Payment Methods
YapStone Appoints Michael Gramz Chief Risk Officer
December 12, 2016

YapStone, a provider of online and mobile payment solutions, announced Friday (Dec. 9) the appointment of new Chief Risk Officer Michael Gramz. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
Inflation-Wracked Venezuela Pulling Largest Bills Out of Circulation
December 12, 2016

Facing some of the highest inflation in the world as part of a deepening ongoing financial crisis, Venezuela will be pulling its largest bill from circulation this week as it prepares to introduce new, higher value notes, according to President Nicolás Maduro.  The current value of...

Ridesharing
Silvercar Fights Back Against Ridesharing
December 12, 2016

The choice is getting simpler by the day for many travelers — deal with the arduous, often unpredictable and hidden fee-ridden rental car process or push a few buttons for an Uber or Lyft ride. Get the Full Story Complete the form to unlock this...

Banking
Wells Fargo Lawsuit Targets Higher-Ups In Bank
December 12, 2016

The lawsuits against Wells Fargo due to the fake account scandal have widened to include more higher-ups in the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Improving Public Procurement, With Transparency And (Fin)Tech
December 12, 2016

Public sector procurement loses huge amounts of money to corruption. FinTech and better transparency in managing vendor relationships can help stanch the bleeding, explains Citi’s head of FinTech acceleration, Laura Gaviria Halaby, as the firm moves toward launching the Citi Tech for Integrity Challenge.

Regulation
Congress Passes BOTS Act Making It Illegal For Bots To Buy Tickets
December 12, 2016

Congress is fighting back at ticket scalpers, passing a bill that is making it illegal to use bots or computer programs to buy the best tickets to shows and events and then turn around and sell them for an inflated price. Get the Full Story...