Edward Gilligan, president of American Express for the past two years, died after becoming seriously ill on a flight back to New York from a business trip on Friday (May 29), the company said in a statement. Get the Full Story Complete the form to...
A security breach experienced by Woolworths, an Australian supermarket chain, further fuels the debate on the growing costs of data breaches worldwide. Last week, a spreadsheet with the personal details (names, emails and gift codes) of thousands of Woolworths customers was mistakenly emailed to around...
Foreign payment networks can enter the Chinese payment market —an industry that handled $73 trillion in 2014 according to Bloomberg — marking a huge opportunity for companies such as Visa and MasterCard. Until now, UnionPay, the Chinese payment network, which was initally created by its Central...
Swatch is still looking to make inroads into the smartwatch market, with an emphasis on remote payment abilities, its CEO said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In the wake of the scandal enveloping FIFA, in which multiple officials were arrested Wednesday for alleged involvement in a bribery sting — and with allegations stretching over decades’ worth of possible criminal activities – Visa fired a warning shot across the bow. Get the Full Story Complete the...
In an attempt to reassure the Silicon Valley, the Commissioner in charge of the EU’s digital economy, Andrus Ansip, claimed yesterday in an interview with the The Wall Street Journal that the EU’s single digital market is not about protectionism, but really about opportunities. Get the...
Copenhagen-based Trustpilot, a consumer review company for online shoppers, announced yesterday (May 28) that it raised $73.5 million in a Series D investment round, bringing its total investment to $118 million. The round was led by the private equity firm Vitruvian Partners. Previous investors DFJ Esprit,...
Alipay, the Chinese online payment platform, was offline for roughly two and a half hours Wednesday (May 27), which has raised questions about the site’s existing backup and contingency protocols, Caixin Online reported Thursday. The company is owned by Ant Financial Services Group, which is in...
Koho, a Candian banking platform, closed a $1 million seed yesterday (May 28), according to a press release. This is great news for Canadian millennials, who are lucky to have a bank made just for them. Koho’s investor pool includes Joe Canavan, Ferst Capital, Hedgewood, Highline...
