The U.S. Department of Commerce announced that seasonally adjusted retail sales were down 0.8 percent in January month-to-month, while unadjusted sales were up 3.3 percent unadjusted year over year, as declining gas prices and auto slowdowns hampered retail growth, according to official Census data, yet...
A Gemalto report showed that more than 1 billion data records were stolen from 1,500 separate hacking incidents in 2014. This is a 49 percent increase from the 2013 figure and a 78 percent increase in the number of records compromised. Get the Full Story...
Chinese e-commerce rivals Alibaba and Tencent are at it again: the two are battling head-to-head as China’s Spring Festival celebrations as both announced a red envelope promotion, in which winners are chosen to receive a red envelope filled with cash. Get the Full Story Complete...
First in Canada and then in the U.S., Costco has officially given American Express the ax. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
While smartphones seem to be progressively devouring the day for most Americans, mobile commerce and mobile payments are lagging far behind the other uses of mobile devices, according to a new pair of surveys. Get the Full Story Complete the form to unlock this article...
Target will pay almost $4 million to settle accusations that it charged California consumers higher prices than the retailer advertised because of faulty checkout scanners, the San Francisco Chronicle reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Call it Silicon Valley, U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive...
Frequent customers of Walmart will now have the chance to order their groceries online to be picked up at their local store at certain trial locations, AZ Central reports. The service is being demoed in a few stores in Arizona, Denver, and select locations around Walmart’s headquarters...
Two years ago, the Federal Reserve was looking to take a decade to review how to make payments a faster process, commissioning study after study on how best to do it. Yet the industry doesn’t go at the Fed’s speed, and they now realize that...
