News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

Americans’ Debt Level Hits New High
Americans’ Debt Level Hits New High
August 16, 2017  |  Debt

America’s debt level hit another record high in the second quarter, after having surpassed its pre-crisis peak earlier in the year. Get the Full Story...

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Citi Names Gonca Latif-Schmitt As Head Of Commercial Cards Unit
Citi Names Gonca Latif-Schmitt As Head Of Commercial Cards Unit
August 16, 2017  |  Personnel

Citigroup announced news on Tuesday (Aug. 15) it had appointed Gonca Latif-Schmitt as the global head of its commercial cards business. Get the Full Story...

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Kaspersky Lab Catches Backdoor In NetSarang System
Kaspersky Lab Catches Backdoor In NetSarang System
August 16, 2017  |  Security & Fraud

NetSarang — a software vendor “used by hundreds of large companies worldwide, including those in financial services, education, telecoms, manufacturing, energy and transportation,” according to a...

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Urban FT Makes Bid For Troubled Online Bank Digiliti
Urban FT Makes Bid For Troubled Online Bank Digiliti
August 16, 2017  |  Partnerships / Acquisitions

Urban FT has launched a bid for struggling mobile money firm Digiliti. To get a sense of the strategy behind the deal, Karen Webster got an exclusive first look...

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Google Brings Allo IM To Desktop
Google Brings Allo IM To Desktop
August 16, 2017  |  Merchant Innovation

What cell phones were to landlines, instant messages are to smartphones: a more streamlined way of communicating. In today’s fast-moving tech society, any method consumers...

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Facebook Tests eBay’s Daily Deals In Mobile App Marketplace
Facebook Tests eBay’s Daily Deals In Mobile App Marketplace
August 16, 2017  |  Facebook

Facebook has launched a new feature within the Marketplace section on its mobile app, and a selection of eBay’s Daily Deals are now available to...

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Wells Fargo Announces It Will Replace Retiring Chairman Early Next Year
Wells Fargo Announces It Will Replace Retiring Chairman Early Next Year
August 16, 2017  |  Personnel

Wells Fargo & Company has announced that Elizabeth “Betsy” Duke will succeed Stephen Sanger as independent chairman of the board, a result of shareholder displeasure over...

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New Uber For Business Platform Includes Easier Travel Rules, Program Creation
New Uber For Business Platform Includes Easier Travel Rules, Program Creation
August 16, 2017  |  Ridesharing

Ridesharing company Uber recently announced news it has launched a revamp of its Uber for Business platform, including easier rule setting for managers, group-based access levels and...

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Interview With A Financial Vampire
Interview With A Financial Vampire
August 16, 2017  |  Security & Fraud

There’s a lot of money in stolen credit cards. Fraud magnate Bern Ersell declined to tell PYMNTS exactly how much, but he did give a...

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