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 To Expand Whole Foods Footprint

Amazon To Expand Whole Foods Footprint
Amazon To Expand Whole Foods Footprint
December 30, 2018  |  Retail

Amazon is reportedly gearing up to expand the number of Whole Foods stores around the country to enable more customers to use its speedy delivery...

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Citi Latest To Lower Q1 iPhone Forecast
Citi Latest To Lower Q1 iPhone Forecast
December 30, 2018  |  Apple

Apple was dealt more bad news on Friday (Dec. 28) when Citi Research cut its estimates for iPhone production in the first quarter, becoming the...

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2018: The Year Of The Confident Consumer
2018: The Year Of The Confident Consumer
December 29, 2018  |  Economy

What a difference a decade makes. Ten years ago, consumer confidence had slipped to an all-time low, and consumer spending followed it down the rabbit...

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North Korea Sidesteps UN Sanctions To Help Its Economy
North Korea Sidesteps UN Sanctions To Help Its Economy
December 28, 2018  |  International

North Korea, hurt by U.S. and U.N. sanctions, has found creative workarounds to aid the country’s economy, according to a report in The Wall Street...

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Gov’t Shutdown Stalls FTC Facebook Probe
Gov’t Shutdown Stalls FTC Facebook Probe
December 28, 2018  |  Security & Fraud

The Federal Trade Commission, which was conducting a probe into Facebook and its practices, will be forced to shutter the investigation due to the government...

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Startups Turn To PE Firms For Exits
Startups Turn To PE Firms For Exits
December 28, 2018  |  Startups

Ajay Chopra, who founded Pinnacle Systems, a digital video hardware and software company for consumer and broadcast markets, wrote a column in TechCrunch about the...

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Wells To Pay $575M Over Customer Abuse Claims
Wells To Pay $575M Over Customer Abuse Claims
December 28, 2018  |  Bank Regulation

Wells Fargo, implicated in a far-reaching banking scandal where it was accused of creating fake accounts and charging customers for services they didn’t sign up...

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North Korea Suspected In Hacking Of South Koreans
North Korea Suspected In Hacking Of South Koreans
December 28, 2018  |  International

Hackers stole the information of close to 1,000 North Korean settlers who fled to South Korea, according to a report by The Wall Street Journal....

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EU Wants Tougher AML Enforcement
EU Wants Tougher AML Enforcement
December 28, 2018  |  International

The vice president of the European Commission in charge of the euro, Valdis Dombrovskis, said Brussels wants more stringent enforcement of anti-money laundering (AML) rules...

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