Retail
Costco Sweeps Expectations With Fiscal Q3 Earnings
May 26, 2017

Costco shoppers might pay less, but the company was pleasantly surprised to learn it had made more, according to the earnings report released Thursday (May 26). Membership fees are up, comp sales are up, and overall sales are up domestically and internationally by 7.8 percent,...

Bitcoin
Bitcoin Tracker: Before And After The Surge
May 26, 2017

On Monday, bitcoin prices hit a record high at $2,100 per coin. On Wednesday, the cryptocurrency hit another milestone at $2,416 a coin. On Thursday, it peaked at $2,690. But if you ask Wences Casares, CEO of bitcoin wallet Xapo and member of PayPal’s board...

Retail
ShipRush Shipping Tech Company Acquired For $14 Million
May 26, 2017

Descartes Systems Group paid the big bucks for ShipRush so users don’t have to. 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 daily newsletter, PYMNTS...

Regulation
GOP Just Says No To Debit-Card Fee Hike
May 26, 2017

Retailers — led by Walmart — seem to have beaten back an attempt to raise swipe fees, according to Congressional aides speaking to Bloomberg.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
FTC: Strategic Student Solutions Defrauded Student Debt Holders
May 26, 2017

The Federal Trade Commission announced Thursday (May 25) it charged the operators of a phony student loan debt relief and credit repair scheme with stealing millions of dollars from consumers by falsely promising to reduce or eliminate their student loan debt and offering them non-existent...

Innovation
Why Digital Payments Players Shouldn’t Ignore Seniors
May 26, 2017

While more Americans 65 and older are embracing technology, with roughly two-thirds of older citizens going online and owning smartphones, many seniors remain relatively unconnected from digital life for a variety of reasons. Get the Full Story Complete the form to unlock this article and...

Fintech Investments
Japan’s Mizuho Launching FinTech Venture
May 26, 2017

Mizuho Financial Group, the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bitcoin
Players Unite To Speed Up Bitcoin
May 26, 2017

An agreement to upgrade the speed of processing transactions propelled bitcoin to new heights on Thursday (May 25). The value of the cryptocurrency soared another 10 percent to land at $2,690, bringing this year’s total gains to 182 percent. Get the Full Story Complete the...

Gig Economy
Gig Economy To Double In Four Years
May 26, 2017

New research shows that the number of on-demand workers in the U.S. is expected to nearly double in the next four years, fueled largely by startups like Uber, TaskRabbit and Airbnb. Get the Full Story Complete the form to unlock this article and enjoy unlimited...