News

Stripe Launching Works With Stripe
November 08, 2016

Stripe is looking to expand its footprint from being just a payments startup, all by launching Works With Stripe, a businesses services platform. With 300 apps and counting, Works With Stripe is a new directory to help already affiliated and integrated companies (which there are...

Security & Fraud
Securing 442 Million Points Of Failure
November 08, 2016

442 million — that’s how many new bank accounts are opened every year — many of them now via mobile. In the latest PYMNTS Data Drivers, Karen Webster and Mitek GM Sarah Clark dig into the ways that mobile ID verification can help secure the...

Alternative Finances
Lending Club Beats The Street, Wants To Be BFFs With Banks
November 08, 2016

Lending Club managed to do something yesterday that it hasn’t been quite able to pull off in six months — it shocked The Street with good news. Shocking the street, of course, has become unfortunately par for the course for the last half-year or so, but...

News
MoneyGram On FinTech’s Future: Interoperable And Digital
November 08, 2016

“It is quite amazing really how misunderstood the money transfer industry is,” MoneyGram CEO Alex Holmes told Karen Webster in a recent conversation. Sending money from one person to another is something that’s been possible for the last 145 years – since 1871. Back then,...

Market Conditions
Brexit Stock Shock Part Deux — This Time from the American Election?
November 07, 2016

Sure, all eyes are on the election. But come Wednesday, what will we all talk about? All the negativity will be gone. The markets will cheer. We will, as a nation, be able to build and climb, with prosperity in the works for all. Right?...

News
Whole Foods’ Big Top-Down Changes
November 07, 2016

Wallis Simpson — the American divorcee behind King Edward VIII’s abdication of the English throne — is famously quoted as having said that, for women, “it is impossible to be too thin or too rich.” While one might think to argue with at least one...

Retail
Starbucks CEO Howard Schultz Talks Retail, Election And ‘Amazon Effect’
November 07, 2016

Starbucks CEO Howard Schultz recently shared his thoughts with GeekWire about recent trends in consumer behavior, how they relate to the U.S. election, what he calls the “Amazon effect” and how Starbucks will stay ahead. GeekWire quoted Schultz as saying: “I don’t think we’ve ever witnessed such concern...

PYMNTS Daily Data Dive: Kohl’s To Sell Apple Watch
November 07, 2016

Kohl’s is gearing up to sell Apple Watches at 400 of its 1,100 stores starting November 15. The department store hopes to lure more affluent shoppers and increase traffic. The news comes just a few weeks after Macy’s announced it would sell Apple Watches at...

Security & Fraud
Fraud Scare Blocks Thousands Of Tesco Bank Cards
November 07, 2016

Thousands of customer cards have been blocked after Tesco Bank’s fraud system detected suspicious activity, reported HuffPost Business. Concerned account holders took to social media to alert Tesco. Others reported losing funds and being on hold for hours. Tesco issued a statement on Sunday (Nov. 6)...