What’s Hot

Card Thieves Hit Hotel Group Again — Just Before Tokenization Arrives
February 05, 2015

A group of franchised Marriott hotels appears to have been hit by a payment card breach for the second time in less than a year, Krebs on Security reported — and they did it just months before the hotels will install tokenization on the affected...

International
Alibaba’s Very Limited Drone Tests: More Than a Stunt, Less Than a Pilot
February 05, 2015

Alibaba is testing product deliveries by drone this week — but not in a format that would be practical as a regular delivery service, according to Bloomberg News. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

MasterCard Opens Tech Hub And Preps For MasterPass In India
February 05, 2015

MasterCard has opened its largest Tech Hub outside of the U.S. in Pune, India, and plans to roll out its mobile payments system in April, the card brand said on Wednesday (Feb. 4). Get the Full Story Complete the form to unlock this article and...

CFPB: Subprime Credit Card Issuer Will Refund $2.7M
February 05, 2015

A subprime credit card issuer will refund $2.7 million to customers and pay a $250,000 fine for charging customers illegal fees, the Consumer Financial Protection Bureau announced on Wednesday (Feb. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Western Union Delivers At Bank Of China Branches
February 05, 2015

Western Union already has a foothold in China — the money transfer company’s services are available at 20,000 locations there — but it’s about to get a lot bigger. On Wednesday (Feb. 4) the company went live in a deal with the Bank of China...

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...

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...

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...

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...