The U.S. Department of Commerce announced that seasonally adjusted retail sales were down 0.8 percent in January month-to-month, while unadjusted sales were up 3.3 percent unadjusted year over year, as declining gas prices and auto slowdowns hampered retail growth, according to official Census data, yet...
A Gemalto report showed that more than 1 billion data records were stolen from 1,500 separate hacking incidents in 2014. This is a 49 percent increase from the 2013 figure and a 78 percent increase in the number of records compromised. Get the Full Story...
Visa customers’ lives are about to get that much easier when they are planning to be traveling far from home. Whereas it was once necessary to call the bank before leaving or risk the bank turning off the card for fear of fraud at the...
There is buzz that soon social networking site Pinterest will be offering users more than a chance to “pin” it – where it is defined as whatever item they are looking at a picture of. Reports are circulating that Pinterest could be adding a buy button...
The merchant search to find better ways to connect with consumers via gifts, offers, discounts and more remains one of the key drivers of payments innovation today. But Henry Helgeson, CEO of Cayan says that with the “looming cloud” of EMV and security, there needs...
Chinese e-commerce rivals Alibaba and Tencent are at it again: the two are battling head-to-head as China’s Spring Festival celebrations as both announced a red envelope promotion, in which winners are chosen to receive a red envelope filled with cash. Get the Full Story Complete...
First in Canada and then in the U.S., Costco has officially given American Express the ax. 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,...
When people say someone is as “rich as Croesus,” they’re talking of to a time (B.C. time) when gold was first starting to be used as a currency. A time when Croesus of Mermnadae, the last King of Lydia, had accumulated an ungodly amount of gold...
While smartphones seem to be progressively devouring the day for most Americans, mobile commerce and mobile payments are lagging far behind the other uses of mobile devices, according to a new pair of surveys. Get the Full Story Complete the form to unlock this article...
