Online competition is hammering brick-and-mortar stores, as in-store sales continue to fall. To protect their market shares, U.S. department stores must generate 2 percent top-line growth, a new Fitch Ratings report suggests. Ironically, mu
Due to an increase in cyber crime in Kenya, prepaid card holders are becoming more hesitant on using their cards to make purchases. According to data from Central Bank, the number of prepaid card transactions slowed month-on-month from October 2013 to February 2014. Specifically, the...
Taxi drivers from London to Madrid plan to bring traffic to a halt this afternoon, across Europe’s most popular shopping and tourist locations, in protest of Uber, reports Bloomberg. The San Francisco ride-sharing app poses a threat to traditional taxi services globally, as its reach expands to...
Earlier this week, Payoneer, Inc. announced that it had received an investment from integrated financial services provider Ping An. Payoneer is an online payments company, and company executives believe that this partnership will be greatly beneficial, especially as Ping An is the largest non-state-owned business...
A recent report published in the Canadian Journal of Diabetes found that in Ontario, the method by which physicians are paid can affect whether or not patients actually receive their recommended treatments. Get the Full Story Complete the form to unlock this article and enjoy...
Tencent announced yesterday that it shut down 20 million of its WeChat messaging app accounts because they were linked to providing prostitution services. According to a The Next Web article, if all of those accounts were active, a significant chunk of Tencent’s 396 million accounts...
It seems as though paper-based menus and bills in restaurants are about to join paper checks and printed newspapers on history’s discard pile. Family food chain and noted purveyor of baby-back ribs Chili’s has finished the installation of table-side tablets in their 823 locations nationwide. Get...
Valdosta State University announced earlier this week that it will now accept payments for tuition and fees from Visa credit and debit cards. Previously, the university only accepted such payments from MasterCard, American Express, and Discover. Get the Full Story Complete the form to unlock...
In his semi-annual Report to Congress and the President this week, CFPB Director Richard Cordray provided an overview of the bureau’s progress in protecting consumers from financial harm. So far, billions has been put back in consumers’ pockets and a slew of actions against banks...
