News

The Consumer Discretionary Spending Stall
January 12, 2015

Uh oh. And just when we thought we were going to get such good news about retail spending, the data has to come out to rain on our parade. Yes, thanks to the holiday season and consumers feeling a little more bullish about the economy...

News
Turning Instagram Into An E-Commerce Platform
January 12, 2015

Philadelphia startup SpotItBuyIt is trying to help its clients turn Instagram accounts into mobile e-commerce engines, the Philadelphia Daily News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Self-Service Mortgage Lender Lenda Aims to Cut Out Loan Officers
January 12, 2015

Most prospective mortgage borrowers start the process on the Internet, but then transition offline to either a loan officer or a call center. But online mortgage lender Lenda wants to keep the process online while wringing out origination costs, according to American Banker. Get the...

News
Consumers Borrowed More In November, But Paid Off Credit Cards
January 12, 2015

Consumer borrowing in the U.S. increased by $14.1 billion in November, but revolving credit-card debt fell by $946 million, according to a monthly report from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Europe
Hackers Release Stolen Data After Swiss Bank Refuses To Pay $12K Ransom
January 12, 2015

A group of cyberthieves who breached online security at a small Swiss bank published identifying details about 30,000 customers on Friday (Jan. 9), after the bank refused to pay a ransom, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...

Merchant Innovation
Taco Bell Runs For The Mobile
January 12, 2015

Taco Bell is trying to drive mobile ordering by offering customers a free Doritos Locos Taco with each mobile purchase made in January, Mobile Commerce Daily reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

How Merchants Plan To Turn Good Ideas Into Best Practices
January 10, 2015

Starting today, scores of merchants, technologists, financiers, analysts, journalists and all-around retail enthusiasts descend on Manhattan for “Retail’s Big Show” –  NRF’s annual event. By the looks of the agenda, it seems most participants are helping retailers prepare for an increasingly demanding and connected consumer....

Supreme Court May Take Retailer Durbin Case
January 09, 2015

The Supreme Court is likely to make a decision today on whether to hear the retailers’ case against the Federal Reserve Board, says a knowledgeable source. According to the National Association of Convenience Stores, which is the leading the case, the Fed made the debit...

PayPal Comes To Blackberry
January 09, 2015

It’s official: PayPal’s app is now available on all major mobile platform with the announcement this week that it has expanded to the Blackberry operating system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...