News

Social Commerce
Facebook Expands Payments Options And Its Obsession With Snapchat
September 19, 2016

Facebook has been changing its approach to payments. It is leveraging its social media position to attract some of the P2P and mobile market. The company is showing Snapchat it means business with a new app for the under-21s, and Mark Zuckerberg says the future...

Smartwatches Not Top Of Holiday Wish Lists
September 19, 2016

The IoT promises revenue opportunities for payments providers and manufacturers because of the increasing number of connected devices coming to market. However, smartwatch shipments declined in Q2, causing leading smartwatch manufacturers to postpone product launches before the holiday season.

Banking
Wells Fargo Faces Class Action Following Fraud Scandal
September 19, 2016

Those bogus bank accounts Wells Fargo allegedly opened are looking mighty expensive for the company. 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 to our daily newsletter,...

Security & Fraud
Task Force Formed On Cybersecurity
September 19, 2016

On Friday (Sept. 16), the world’s major central banks launched a task force focused on cybersecurity in cross-border banking and protecting interbank payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
ViSenze Completes $10.5 Million Round Of Venture Funding
September 19, 2016

ViSenze, the artificial intelligence company that develops visual technology for eCommerce and digital businesses, announced on Friday (Sept. 16) it has completed a $10.5 million Series B round of financing. The financing will be used to invest further in the company’s proprietary image recognition technology, expand...

Social Commerce
Facebook Users Can Now Purchase Some Fandango Movie Tickets From Their News Feed
September 19, 2016

Fandango, the online seller of movie tickets, is expanding the ways in which consumers purchase movie tickets, launching the ability to do it via Facebook. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
House Of Reps Wants At Wells Fargo CEO John Stumpf Over Fake Accounts
September 19, 2016

Wells Fargo Chief Executive John Stumpf’s job could be in trouble due to the fake accounts scandal that is plaguing the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Retailers Hiring More Online Support Staff For Holidays
September 19, 2016

The holiday season is just around the corner, which means retailers will be hiring temporary workers during their busy time of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Eliminating The Excess In T&E Spending
September 19, 2016

More employees in the field means more travel expenses, which means more wasteful spending, intentional or otherwise. Oversight Systems SVP Nathanael L'Heureux delved into his firm's latest update to AI-driven software and how it can help pinpoint T&E fraud.