U.S. shoppers spent $42 billion during the last weekend before Christmas, up 2.4 percent from 2013’s $41 billion, Bloomberg News reported on Tuesday (Dec. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
With the end of 2014 approaching, some major retailers will apparently be missing their year-end deadlines to be able to accept Apple Pay. But one unexpected merchant has already gone live with Apple’s mobile payment system: the Los Angeles County Department of Public Works now...
Alibaba’s spectacular, $25 billion IPO earlier this year made many of its former employees sudden millionaires. Now, the company’s Executive Chairman Jack Ma is encouraging his old team to spend their earnings wisely – and preferably on Chinese startups. Get the Full Story Complete the...
Indian e-retail giant Flipkart announced yet another round of funding totaling $700 million after raising an investment of over $1.2 billion over the summer this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Financial firms brought in record funds from their initial public offerings in 2014, and as investors prove the strength of the U.S.’s economic recovery, the successful IPOs of innovative financial startups suggest a new line of competition is ready to take control of the lending...
Alibaba and SoftBank are holding joint discussions with bankers in India as they try to secure a slice of India’s consumer e-commerce market, according to India’s Economic Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
UPS is using 15 “mobile distribution centers” around the U.S. to make sure holiday packages don’t arrive late by the thousands like they did in 2013, Bloomberg News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
PayPal will sell digital gift cards from CashStar through its PayPal Digital Gifts store and the eBay marketplace, the companies announced on Monday (Dec. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Russian cyberthieves believed to be responsible for retailer payment-card breaches at Staples, Bebe Stores and 14 other chains have also stolen an estimated $25 million directly from banks’ internal payments systems, according to a report by Russian and Dutch security researchers. Get the Full...
