News

Will The CFPB Get Its Own Watchdog?
February 19, 2015

Back in 2010 and in the aftermath of the financial meltdown, the CFPB was created by passage of the Dodd-Frank Act. Its intentions were to protect consumer rights in the financial sector with authority over banks, credit unions, debt collectors, securities firms, payday lenders, mortgage-servicing...

India’s Snapdeal E-Commerce Marketplace Expands
February 19, 2015

Snapdeal, an Indian e-commerce marketplace, continues to expand with the acquisition of luxury items seller Exclusively.in, continuing its pursuit of capturing $2 billion in the gross merchandising value of online fashion, reports TechCrunch. Snapdeal’s acquisition also keeps it in step with competitor Flipkart, which had a...

Boston’s Billion-Dollar Blizzard
February 19, 2015

If someone from Boston tells you that a year’s winter is the worst he’s ever seen, listen to him, because he’s seen (and shoveled) a lot of them — and that’s the way the winter of 2015 is getting described thanks to nearly 7 feet...

Google Bags Kenyan Payments Scheme
February 19, 2015

Google announced on Feb. 16 that it will be terminating its Kenyan cashless payment program BebaPay on March 15, in a move that is being described as a quiet retreat from the payments space. Get the Full Story Complete the form to unlock this article...

US Online Grocery Market Lagging Globally
February 19, 2015

Although online grocery shopping is growing globally, a new report from dunnhumby reveals that the U.S. lags France, South Korea and the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Apple Pay Gains Another Round Of Issuers
February 19, 2015

More than 80 financial institutions now support Apple Pay, as 9to5 Mac reported that February’s list of additional banks and credit unions that support the mobile payment service recently grew by 19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Merchant Innovation
Priceline Picks Up Rocketmiles For $20 Million
February 19, 2015

Rocketmiles, a two year old start-up that allows customers rack up frequent-flier miles by using its apps or website to book hotel rooms, will reportedly be acquired by Priceline for a cool for $20 million through its venture unit, according to people familiar with the...

Pinterest’s $11 Billion Valuation
February 19, 2015

Is Pinterest an $11 billion idea? 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 to...

Federal Government Now Accepting PayPal and Dwolla
February 19, 2015

The federal government has opened up its pay portal, pay.gov, to the digital wallets from PayPal and Dwolla.  This announcement follows a federal move to accept Apple Pay for many transactions with the federal government, such as at national parks, starting in September. Both are...