News

Alternative Credit
Where AP And Procurement (Should) Collide
August 21, 2014

A new report points to a problem within many enterprises, where accounts-payable and procurement teams, while often having similar goals, generally don’t work with one another. In today’s business environment, where efficiency and cost reductions are chief drivers for success, confusion often exists as to...

Merchant Innovation
‘Games As Service’ Platform Raises $2.5M
August 21, 2014

PlayFab, which makes a dashboard that lets online game makers track how much players are spending in their games, has raised $2.5 million in seed funding, the company said on Tuesday (Aug. 19). Get the Full Story Complete the form to unlock this article and...

Merchant Innovation
Merged Channel Strategies Continue To Boost Macy’s Results
August 21, 2014

The retail world is changing and Macy’s is transforming with it according to reporting in Retail Information System News.  The retail giant putting its money where its intentions are, and throwing its $1billion-plus annual CapEx budget to building their infrastructure to fulfill a variety of...

Alternative Credit
What’s In Your Inventory?
August 21, 2014

Today’s consumers have lots of expectations, and merchants increasingly must address them to stay competitive. Manhattan Associates’ recent acquisition of GlobalBay from VeriFone illustrated the urgency to react to these market changes, which reflect the growing need for omnichannel and “clienteling” support. What a business...

Cybersecurity
UPS Latest Payments Data Breach Victim
August 21, 2014

United Parcel Service said that 51 of its franchised UPS Stores suffered a payments-related data breach affecting about 105,000 payment transactions between January and August, according to the Wall Street Journal on Wednesday (Aug. 20). Get the Full Story Complete the form to unlock this...

Cybersecurity
Supervalu Breach Triggers Lawsuit
August 21, 2014

In the wake of the payments-related data breach at the Supervalu grocery chain, the company has been hit with a class-action lawsuit, Bank Info Security reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Merchant Innovation
Amazon’s Fire Phone Has Slow Start
August 21, 2014

Amazon’s Fire smartphone appears to be off to a slow start, according to one analyst that tracks activity growth using ad impressions — and the cause may be the fact that the Fire is only available from AT&T, C/Net reported. Get the Full Story Complete...

Alternative Credit
The Next Big Thing In Lending
August 21, 2014

Though available for less than a decade, peer-to-peer lending has been growing rapidly, a new report from the Federal Reserve Bank of Cleveland points out. Demand for the concept is particularly strong among consumers consolidating their card debt, as bankcard interest rates tend to be...

Merchant Innovation
Wells Fargo Launches FinTech Accelerator
August 21, 2014

Wells Fargo plans to invest in technology startups focused on payments, fraud and bank operations, and will run a boot camp for up to 20 startups this year. The accelerator program will offer both mentoring and equity investments ranging from $50,000 to $500,000, the bank...