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Best Buy Plans To Buy GreatCall For $800M

To continue to tap into the connected-home market, Best Buy plans to purchase GreatCall, Inc. for $800 million. The retailer expects that the...

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Kohl’s Expands Amazon Returns To 21 Additional Stores

Kohl’s has expanded its partnership with Amazon, launching Amazon return stations throughout its Milwaukee stores. Last year, Kohl’s and Amazon announced that...

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Amazon Faces New Competition In India

While Amazon and Walmart are competing for eCommerce dominance in India, they might be overlooking a key rival in the country: Mukesh...

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Chinese Smart Speaker Shipments Reach 16.8M

Smart speaker sales continue to grow at a record pace, and new data shows that China is now the leader in that...

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Bitcoin

Bitcoin Daily: Bitfinex Sees Bets Against Bitcoin Double, Thai Watchdog Reviews Crypto License Application

Thailand’s financial watchdog has published the names of seven firms that have applied for a license to operate in the cryptocurrency space...

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Loans

SoFi Eyes $1B Credit Line, Post Q2 Loss

Student loan refinancing company Social Finance (SoFi) is looking for a loan of its own: The company is in talks with banks...

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Fintech Investments

Monzo To Reach Unicorn Status With Fresh Round Of Funding

Monzo, the U.K. digital bank, is on track to become the next European FinTech startup to reach unicorn status. According to a...

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Amazon

Amazon Eyes UK Insurance Comparison Website

Amazon.com is eyeing the U.K. insurance market and is reportedly in talks with European insurers about creating a price comparison website. Reuters,...

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DoorDash Secures $250M In Growth Round

Food ordering and delivery company DoorDash announced that it has raised $250 million in a growth round co-led by Coatue Management and...

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Ripple’s X-Border Payments Product Secures Three Partners

Ripple’s cross-border payments product xRapid brought on Bittrex to act as the preferred digital asset exchange for its transactions that move through U.S. dollars....

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Credit Karma Buys Online Mortgage Company

Approved, the online mortgage platform company, announced Thursday (Aug. 16) in a blog post that it has been acquired Credit Karma. In...

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Uber, Zoho Expense Integrate For Biz Travelers

Zoho, the maker of an operating system for businesses, announced on Thursday (Aug. 16) that it will automatically import Uber for Business...

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Payment Methods

Zelle Eyeing Expansion Into Small Business Payments

Zelle, the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering...

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Regulation

FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions

The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses...

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Amazon Acquisitions

Amazon In The Running To Buy Landmark Theaters

Amazon has set its sights on the movie theater market, with reports that it is among the bidders to purchase Landmark Theaters....

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Kroger Embraces Self-Driving Delivery Tech

According to reports, Kroger, in partnership with self-driving car startup Nuro, is ready to take the next step in grocery delivery, by...

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US Retail Sales Rose Higher In July

U.S. retail sales rose higher than expected last month — a sign that the economy remained strong early in the third quarter....

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Shuttered Sam’s Club Converted Into eCommerce Center

After closing its doors earlier in the year, a former Sam’s Club store outside of Chicago will become a fulfillment center for...

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Sears CEO’s Hedge Fund Seeks To Buy Kenmore For $400M

In a formal proposal, ESL Investments said it was seeking to purchase Sears Holdings’ Kenmore brand, as well as the retailer’s home...

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Google

New Google AI Assistant Helps Users Stay Fit

Google might be getting ready to launch a new wellness product powered by artificial intelligence (AI). According to Venture Beat, there are...

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SMBs

Under Trump, SMB Optimism Peaks

A new survey shows that small business confidence is soaring thanks to a strong economy. The CNBC|SurveyMonkey Small Business Survey polled more...

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Bitcoin

Bitcoin Daily: SEC Says Airdrops May Be Securities; Ex-PayPal CEO: Cryptos Are Going ‘Closer To Zero’

AT&T is facing a lawsuit from a cryptocurrency investor who claims that the telephone company’s negligence caused him to lose $24 million...

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Regulation

SEC: Financial Advisor Ameriprise To Pay $4.5M Fine

The U.S. Securities and Exchange Commission (SEC) announced, according to Reuters, that it has charged Ameriprise Financial, a registered investment advisor and broker-dealer,...

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Unsold Food Marketplace Snags $12M

Stockholm-based Karma has raised $12 million in Series A funding, led by Swedish investment firm Kinnevik. Participants also included U.S. venture capital...

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Safety and Security

Israel Invests $24M In Cybersecurity Initiatives

The Israeli government is investing 90 million shekels ($24 million) to boost the country’s cybersecurity industry. The three-year program will enable companies...

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Ridesharing

Uber Secures $2.8B In Q2 Revenue

Uber revealed that its second-quarter revenue increased 63 percent from the prior year to $2.8 billion, while gross bookings jumped 41 percent...

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Security & Fraud

University Of Florida Researchers Develop Device To Detect Skimmers

Aiming to detect skimmers that are placed on credit card readers, University of Florida researchers Nolen Scaife, Christian Peeters and Patrick Traynor showcased...

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Coinbase Acquires Distributed Systems To Work On Identity Solutions

Coinbase, the cryptocurrency exchange operator, announced Wednesday (Aug. 15) that it has acquired Distributed Systems, a company that has been working on...

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Payment Methods

Square Makes EMV Transactions Faster In The US

Square, the digital payments company, announced on Wednesday (Aug. 15) that it delivered on its pledge to make EMV transactions faster in the...

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Global Payments

Ripple Eyes China’s Cross-Border Payments Market

Ripple is eyeing the Chinese market, aiming to use blockchain technology to quicken cross-border payments. According to a report in CNBC, citing...

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International

Visa, Mastercard Replaced By MIR In Crimean Peninsula

Visa and Mastercard have been replaced on Russia‘s Crimean peninsula, as its largest bank has completed the process of switching all credit cards...

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Cryptocurrency

Coinbase CEO Talks Down Bitcoin Adoption

Bitcoin may be outperforming beleaguered cryptocurrency brethren – but look out below, at least for now. Forbes reports that Coinbase CEO Brian...

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New Guinness Brewery On Tap In Maryland

To bring a beer tour and tasting experience to its customers, Guinness has opened a $90 million brewery in Maryland. The location is...

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Lowe’s Companies Extends Synchrony Partnership

To help Lowe’s Companies bring new benefits and purchasing options to its customers, it’s extending its agreement with Synchrony. The agreement gives...

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Walmart Unveils New Fashion Line With Ellen DeGeneres

To bring a new women’s fashion line to its stores and website, Walmart is teaming up with Ellen DeGeneres. The move comes as...

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Bitcoin

Bitcoin Daily: Fantasy Sports League Plans $100M ICO, Square Cash Extends Bitcoin Trading To 50 States

Bitcoin hit its lowest pricing level since the end of June, MarketWatch reported, dipping below the $6,000 level on Tuesday (Aug. 14)....

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Retail, Tech Get New Life In Burgeoning Economy

Some prominent hedge fund managers are feeling optimistic about the U.S. economy, especially when it comes to retail and technology. According to...

emvco approval process mobile payment devices

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Payment Methods

EMVCo Launches 3DS Test Platform

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product...

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Subscriptions

MoviePass Subscription Cancellation Error Is Rectified

As it prepares to roll out its new subscription plan, some MoviePass users have complained that they haven’t been able to cancel...

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Alphabet Invests $375M In Insurance Startup

Alphabet, the multinational conglomerate, has invested $375 million in Oscar Health, a health insurance startup co-founded by Trump advisor Jared Kushner’s brother,...

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Banking

FinTechs Wary Of US Bank Charter Plan

Despite having the chance to apply for banking licenses with the Office of the Comptroller of the Currency, many online lenders are...

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Mobile Payments

Square Cash Downloads Top Venmo

Cumulative downloads of Square‘s Cash App surpassed PayPal‘s Venmo for the first time ever after Square’s service grew three times faster than its...

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Alexa

Alexa Voice Banking Comes To Canada

Central 1 Credit Union (CU) announced in a press release that it has launched “Canada’s first-ever, authenticated voice banking service using Amazon Alexa.”...

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Cryptocurrency

Cryptocurrencies Are 70 Percent Lower Than January Highs

Cryptocurrency is trading 70 percent lower than January highs amid frustration on the part of investors that it has taken off as...

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Safety and Security

Intel Finds Three More Flaws In Microprocessors

Semiconductor company Intel disclosed Tuesday (August 14) that it found three more potential flaws in its microprocessors that could enable hackers to...

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Loans

Consumer Borrowing Hits $13.29 Trillion In Second Quarter

American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending...

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Didi Chuxing Spinoff Buys Hiservice

Didi Chuxing spinout Xiaoju Automobile Solutions (XAS) announced on Tuesday (Aug. 14) that it has acquired Hiservice, a company that provides after-service...

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