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News
Yahoo Small Business Will Join the Alibaba Spinoff
February 05, 2015

When Yahoo spins off a holding company for its $40 billion investment in Alibaba, it will bundle in its Yahoo Small Business unit to keep the whole thing tax-free, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article...

2015 Starts Off With A Bang And Yummly Reimagines Food As A Platform
February 04, 2015

“What should I make for dinner?” 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...

Ex-Visa Exec to Chair Credorax Board
February 04, 2015

Today, digital merchant acquiring bank Credorax will announce Joshua Floum as the new chairman of its Board of Directors. Today’s announcement follows one last fall in which it was reported that the startup nabbed $40M in funding to expand its cloud-based, cross border payments processing...

Target to Open 15 Stores in Urban Areas in 2015
February 04, 2015

In an effort to respond to the increasingly urban, digitally connected population, Target has announced the opening of 15 stores this year in major American cities such as San Francisco, San Diego, Washington, D.C., and Chicago. Dubbed “TargetExpress,” these stores are only 20,000 square feet and...

Study: Mobile Shoppers Likely to Shop From Home
February 04, 2015

Mobile shopping has come to be understood as a way for brick-and-mortar stores to increase traffic and sales inside the four walls of their establishment, but a survey from November 2014 released by Contact Solutions shows that the idea of the “showrooming” customer is superseded...

Target Taps Tesco Executive as CIO
February 04, 2015

Target has announced that former Tesco executive Mike McNamara will be assuming the role of executive vice president and CIO at Target, sources told Drug Store News. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

PayPal’s Progress In China
February 04, 2015

In a story last week, PYMNTS reported that Chinese merchants were cooling to PayPal after the U.S. based payments company froze or, in some cases, deducted funds from local accounts in response to an order from a U.S. judge. Get the Full Story Complete the...

Wirecard Targets Summer For Release Of Its Wearable Wallet
February 04, 2015

German payments company Wirecard gave the world a first peek at its new wearable device that functions like a digital wallet worn as a wristband.  The device, called the Smart Band, can be used to store credit cards, ID cards and even tickets. Though only...

CFPB, USDE Provide Debt Relief Against Predatory Lending Scheme
February 04, 2015

The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education (USDE) announced Tuesday (Feb. 3) that it will be providing $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans. Get the Full Story Complete the form to unlock...