News

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

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Amazon Fights Counterfeiters With Brand Gating Fee
Amazon Fights Counterfeiters With Brand Gating Fee
August 31, 2016  |  Amazon

In an attempt to try and stop “brand gating” practices on its marketplace, Amazon has devised a policy of charging third-party merchants a one-time fee...

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Abercrombie Sales Tumble For 14th Consecutive Quarter
Abercrombie Sales Tumble For 14th Consecutive Quarter
August 31, 2016  |  Earnings

Abercrombie & Fitch appears to be another teen retailer that has seen better days, as the company reported that Q2 2016 sales fell 4 percent when...

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Sears Is Selling Paint Again
Sears Is Selling Paint Again
August 31, 2016  |  Retail

In an effort to get back into the home improvement market, Sears announced on Tuesday (Aug. 30) that it is bringing back paint sales to...

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For Payments M&A, The Times They Are Changing
For Payments M&A, The Times They Are Changing
August 31, 2016  |  B2B Payments

Trevor Rich, Lovell Minnick principal, sees change and opportunity ahead for strategic (and private) merger activity in the payments space.

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Flipkart Delivers On UPI-Based Payments App
Flipkart Delivers On UPI-Based Payments App
August 31, 2016  |  International

Earlier this year, India took a major step toward giving its cash-driven economy a mobile payment spin. The country’s Reserve Bank of India (RBI) announced...

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Apple Admonished By The EU, Must Pay Up
Apple Admonished By The EU, Must Pay Up
August 31, 2016  |  Apple

Those handy-dandy tax loopholes and fiscal shenanigans that large corporations take advantage of by offshoring may be coming to an abrupt end. Apple is the...

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CFPB Says Bank Account Service Issues Top Consumer Gripes
CFPB Says Bank Account Service Issues Top Consumer Gripes
August 31, 2016  |  CFPB

The latest monthly complaint report from the Consumer Financial Protection Bureau, released on Aug. 30, shows that the top-of-mind complaints centered on banking, ranging from...

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