The economy may be getting better, but affordable broadline retailers like JC Penney, Burlington Stores and Ross Stores won’t see much benefit from it — and the biggest reason is the shift to ecommerce, according to Goldman Sachs analyst Stephen Grambling. Get the Full Story...
Beacons have become pervasive as the holiday selling season arrives — and that’s mostly because the numbers show they’re working, the Associated Press reported on Thursday (Dec. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A group of 77 Chinese nationals have been arrested by Kenyan police, accused of running a cybercrime operation. “Equipment capable of infiltrating bank accounts, Kenya’s M-Pesa mobile banking system and cash machines were discovered after a series of raids,” noted The Guardian. Get the Full...
Mobile cab service Uber Technologies is now valued at $41 billion, thanks to its latest round of funding. 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...
Swedish payments company Klarna is preparing to drop $100 million for U.S. operations, which will be based in Columbus, Ohio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Mobile vendor Mobile Majority was making his new year predictions at a recent panel and he saw Apple still making major mobile waves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Ripple Labs and Earthport have agreed to plug Ripple’s real-time settlement protocol into Earthport’s payments hub. This will allow Earthport’s customers to be able to use Ripple’s friction-free cross-border payments technology while operating within strict regulatory boundaries, according to a Finextra story. Get the Full...
Brazil is seeing such huge lending interest rates—bank loans hitting 100 percent interest while credit cards charge more than 240 percent annually—that an unusual player is emerging as a preferred option: pawnshops, which are charging about 19 percent. Get the Full Story Complete the form...
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