News

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

Source: pymnts.com

Sears Halts Supplier Payments As Bankruptcy Looms
Sears Halts Supplier Payments As Bankruptcy Looms
October 11, 2018  |  B2B Payments

With talk of bankruptcy growing louder for Sears, the struggling retailer has reportedly stopped paying suppliers. Reports in Reuters on Thursday (Oct. 11) said three...

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Small Businesses Draw The Line On Lack Of Digital Banking
Small Businesses Draw The Line On Lack Of Digital Banking
October 11, 2018  |  B2B Payments

Europe’s largest banks have landed in the hot seat, thanks to a recent Fortytwo Data report that found 90 percent had been sanctioned for money...

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Mitek Systems Rejects Offer From Elliott Management, ASG Technologies
Mitek Systems Rejects Offer From Elliott Management, ASG Technologies
October 11, 2018  |  Partnerships / Acquisitions

Mitek Systems, the financial technology provider to banks, is pushing back from a takeover offer from Elliott Management, the hedge fund and ASG Technologies, the...

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Subway Seeks To Innovate, Reworking Kiosks, Loyalty And Mobile
Subway Seeks To Innovate, Reworking Kiosks, Loyalty And Mobile
October 11, 2018  |  QSR & Mobile

For insight on how QSRs are responding to changing customer expectations, PYMNTS caught up with Carissa Ganelli, chief digital officer at Subway. She discussed the...

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Square CFO Departs, Shares Sink
Square CFO Departs, Shares Sink
October 11, 2018  |  Personnel

Square announced that its CFO is stepping down, which caused the company’s shares to fall in after-hours trading. Square’s CEO Jack Dorsey revealed that Sarah...

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Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs
Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs
October 11, 2018  |  Security & Fraud

Alipay, the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Get the Full Story Complete the...

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Thoma Bravo Acquires Cybersecurity Co Imperva
Thoma Bravo Acquires Cybersecurity Co Imperva
October 11, 2018  |  Partnerships / Acquisitions

Cybersecurity company Imperva announced that it has agreed to be acquired by private equity technology investment firm Thoma Bravo. After the close of the deal, Imperva...

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China Central Bank Creates AML Regulations For Online FIs
China Central Bank Creates AML Regulations For Online FIs
October 11, 2018  |  Regulation

The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). According to Reuters, the new...

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FBI Urges Caution On Chinese Amazon/Apple Hack Reports
FBI Urges Caution On Chinese Amazon/Apple Hack Reports
October 11, 2018  |  Security & Fraud

FBI Director Christopher Wray had this to say about recent allegations that spy chips from China had been placed into servers owned by tech giants...

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