News

Cross Border Commerce
Everything Must Go … X-Border-Style? The Olympic Auction Of Herculean Liquidation
August 12, 2016

Thousands of athletes are staying in the Rio Olympic and Paralympic village, but what happens to all of the furniture after they leave town? One company is working to auction off more than 200,000 of those chairs, tables, beds and other pieces of furniture to...

News
DEA Trolling For Americans Traveling With Drug Money
August 11, 2016

The Drug Enforcement Administration is reportedly in the business of trolling Americans’ travel information to pinpoint people who may be carrying large sums of money for narcotics traffickers, rarely making arrests but confiscating the cash to build its war chest. Get the Full Story Complete...

PYMNTS Daily Data Dive: Rewards and Befuddlement With Mobile Technology
August 11, 2016

A love of rewards programs and befuddlement with mobile technology were some of the findings from the latest PYMNTS/InfoScout Mobile Payments adoption tracker, which has polled 4,000 consumers over the last 18 months. Get the Full Story Complete the form to unlock this article and...

Retail
Macy’s Slightly Better Than Terrible Earnings (And Coming Store Closures)
August 11, 2016

After posting quarterly earnings figures in May so abysmal that they took the rest of department store retail down with them, Macy’s finally got a bit of good news into 2016 with their Q2 earnings reported yesterday. Get the Full Story Complete the form to...

Payment Methods
Airbnb’s Valuation Spike, And IPO Chatter Redux
August 11, 2016

In unicorn land, one of the biggest beasts just got a lot bigger. 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, PYMNTS Today....

Is Self-Checkout Tech Turning Shoppers Into Shoplifters?
August 11, 2016

A new study found that customers who use self-service checkout lanes are twice as likely to shoplift items than those that don’t, according to The New York Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Interactions Raises $56 Million In New Funding
August 11, 2016

OK, so we all know how annoying — if not driving you to hang up — it can be when you call an automated line to try and pay your cellphone bill or whatever, and you get nothing but automated prompts that don’t help you...

Mobile Commerce
App Store Will Hit 5 Million Apps By 2020
August 11, 2016

Developers can’t seem to stop developing apps. 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, PYMNTS Today. By completing this form, you agree...

Regulation
Rule On Money Laundering Loophole Due To Prepaid Cards Could Get Resubmitted
August 11, 2016

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. Get the Full Story Complete the form to unlock this article and enjoy unlimited...