Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009, possibly due to loosening lending standards. Get the Full Story Complete the...
Concardis is expanding its international portfolio by bringing Chinese mobile payment solution Alipay to Austria and Switzerland. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Payments firm Verifone posted second quarter results that came in at the high end of guidance for the top line, and edged Wall Street estimates on the bottom line by a penny — but investors sent the stock down three percent after hours amid news...
Shares of luxury retailer department store Nordstrom jumped more than 10 percent Thursday after the company announced it was pursuing a potential sale that would take it private. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Wells Fargo has a new challenge on its hands now that the fake account scandal seems to be behind the bank: growing again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Microsoft announced Thursday (June 8) it has signed an agreement to acquire Hexadite, a company delivering agentless, automatic incident investigation and remediation solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
It seems things have not turned out quite as expected for Theresa May and her Conservative government in the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Consumer Financial Protection Bureau (CFPB) announced in a press release that it sent letters to top retail credit card companies encouraging them to use more transparent promotions for the sake of consumer protection. Get the Full Story Complete the form to unlock this article...
Cross-border retail is on its way to becoming a $1T business opportunity and online marketplaces are leading the way, according to the latest PYMNTS.com X-Border Payments Optimization Tracker™. But those marketplaces are only as vibrant as the speed at which payments end up in sellers'...
