News

Retail
Needed Wants To Connect Customers To Local Deals
November 01, 2016

Needed thinks everyone can organize their digital shopping list just a bit better — and a bit more efficiently — and is ready to help consumers make that upgrade. Instead of just moving a written list into a digital to-do list, Needed instead searches out...

CVS Rolling Out Curbside Pickup After Target Rolls It Back In
November 01, 2016

CVS customers may be getting a “white glove” experience. CVS Health recently announced that, through the company’s app or through the free Curbside mobile app, customers can place their order and have it delivered to their car while sitting in the parking lot. The concept...

Payment Methods
PYMNTS Daily Data Dive: Debit Card Growth Continues To Outpace Credit
November 01, 2016

The use of global payments cards is expected to rise by 28 percent by 2021, reaching 17 billion. In certain areas around the world — namely, the Middle East, Africa and the Asia-Pacific regions —the growth of cards is expected to be the fastest, showing increased...

Banking
Wells Fargo’s Latest Legal Settlement
November 01, 2016

Embattled bank Wells Fargo has entered a settlement through which the firm will pay as much as $50 million tied to a racketeering lawsuit that it allegedly overcharged hundreds of thousands of homeowners for appraisals of their homes. Reuters said the settlement would still require...

Investments
Postmates Raises $140M On $600M Valuation
November 01, 2016

TechCrunch reported that Postmates, the on-demand delivery firm, has raised money through a funding round headed by the Founders Fund, with a series of other (and existing) investors. The total raised was $140 million, which has an implied valuation attached to it of as much...

International
Alipay Expands Global Footprint
November 01, 2016

As reported by The Wall Street Journal, the financial arm of China’s Alibaba Group, Alipay, is looking to create partnerships in areas as diverse as the United States and Europe. The goal is to build a platform of payments across the globe. The newest link...

Blockchain / Distributed Ledger
Zcash: Impossible To Trace, Expensive To Buy
November 01, 2016

Bitcoin, it seems, is out — the cool digital currency taking the world by storm now is Zcash, a product designed by academics to be all but untraceable. Speculators love it — and have been paying for $1,000 a unit to get their hands on the next...

RBR Research: Payment Cards Projected To Hit 17 Billion By 2021
November 01, 2016

The number of global payment cards will grow by 28 percent to 17 billion by 2021. That’s according to new research from London-based RBR. In the newest global payment cards research released on Oct. 31, RBR said that debit card numbers are growing faster than...

Security & Fraud
Fraudsters Bilk Bankers Out Of $32M
November 01, 2016

Investment bankers in Hong Kong were tricked out of millions of dollars by a cash-advance business called Global Merchant Funding (GMF). According to Bloomberg, smooth-talking fraudster Avery Stone and his partners at GMF convinced bankers from prominent international banks to invest in the business to...