News

Retail Omnichannel Investments May Be Short on Profit
April 15, 2015

Merchants are putting a lot into omnichannel, but they don’t yet have a lot to show for it. 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...

It’s Official – Prosper Is A Unicorn
April 15, 2015

Last week San Francisco welcomed the latest unicorn to the herd – P2P lending site Prosper. Prosper announced that it brought in another $165 million in venture funding and sailed right past the “unicorn-making” $1 billion mark to a total valuation of ~$1.9 billion. Get...

International
JD Takes On Alibaba On The International Stage
April 15, 2015

China’s second largest eCommerce player – JD.com – is going after No. 1. 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....

MasterCard To Settle With Target Over Breach
April 15, 2015

After what was reportedly months of negotiations, it seems Target and MasterCard are narrowing down on a settlement that will see financial institutions reimbursed to the tune of around $20 million. The settlement is intended to reimburse FIs for the costs incurred as a result...

Apple Pay Hits Snag In China As UnionPay Negotiations Lag
April 15, 2015

China’s growing share of iPhone 6 users will have to continue to wait to use Apple Pay, as negotiations with China’s UnionPay card processor and Chinese banks have yet to reach agreements with Apple, the Chinese news site Caixin reported. Get the Full Story Complete...

Hmmm
Dimon On JPMorgan Chase’s Q1 Results
April 15, 2015

The JPMorgan Chase first-quarter earnings call with analysts yesterday (April 14) was noticeably more subdued than the typical tone expressed by the otherwise outspoken CEO Jamie Dimon, one of the few banking leaders who’s been quick to criticize regulators. Get the Full Story Complete the form...

Wells Fargo M-Banking Customer Growth Up 19 Percent
April 15, 2015

While Wells Fargo posted a slight profit dip in its first-quarter earnings that were reported yesterday (April 14), on the mobile side of its banking business, the number of customers is growing at a strong rate. Get the Full Story Complete the form to unlock this article...

How Hyperwallet Sees The Future Of Cross-Border Payments
April 15, 2015

With leading cross-border innovators showing how they cracked the code on converting shoppers to buyers, the “From Global To Local” panel at Innovation Project last month proved to be one of the most exciting. PYMNTS caught up with panel member Lisa Shields, Founder of Hyperwallet,...

India’s MoneyOnMobile Sees 27 Percent Processing Jump
April 15, 2015

MoneyOnMobile is continuing to ignite India’s mobile money scene — topping 131 million users in March, the company announced yesterday (April 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...