News

Retail
Circuit City Still Eyeing Comeback, But Wants To Take Its Time To Get Things Right
June 22, 2016

There was plenty of excitement in the retail sector after TWICE broke the news in January that an outside investor had acquired the iconic Circuit City brand, with plans to revive the business and open anywhere from 5,000 to 10,000 new locations over the next...

Merchant Innovation
Amazon Echo’s Biggest Threat? Siri As A Service
June 22, 2016

It’s been a few years since the Amazon Echo first burst onto the scene, and it can still seem like the device is from another age of retail technology sometimes. The seamless experience of voice-activated commerce was unfathomable half a decade ago, but now competitors...

Regulation
Ticketmaster Offers (Court-Ordered) Comped Shows
June 22, 2016

Countless concertgoers and theater attendees have been all set to pull the trigger on a Ticketmaster purchase when exorbitant processing and service fees made them think twice. For all that went ahead with those purchases from 1999 to 2013, Ticketmaster is finally paying back out...

Retail
Instagram Hits 500M User Mark
June 22, 2016

Facebook’s photo sharing app Instagram is now used by over 500 million users — twice as many as two years ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Payment Methods
Hyperwallet Expands Payment Footprint
June 22, 2016

Hyperwallet, a global payments provider, has launched a new partnership with Choice Bank with the intention of expanding Hyperwallet’s prepaid card capabilities further into market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
StubHub Cybertheft Case Sees Guilty Plea
June 22, 2016

The Russian national in charge of a criminal hacking enterprise that stole nearly $1 million in tickets via online vendor StubHub has pleaded guilty. Vadim Polyakov is facing four to 12 years in prison after copping to a scheme that coordinated players from around the world to...

Security & Fraud
Beyond US Economy, Brexit And Cyberthreats On Top Of Fed’s Mind
June 22, 2016

Brexit. Recession. Cyberthreats. It’s a thankless job, one assumes, being a central banker. 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....

Security & Fraud
Norway Watchdog Says Bank Overcharged Customers $83M
June 22, 2016

A consumer watchdog organization in Norway is taking legal action against the country’s largest bank on behalf of 150,000 customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Payment Methods
MasterCard’s New Cash-Back Student Loan Deal
June 22, 2016

TechCrunch reported on Tuesday (June 21) that, when Gradifi launched its student loan assistance program, more than 450 companies reached out to take advantage of that offering, a nod to the fact that offering such assistance remains a staple of attracting employees. Those companies can...