It seems that Banana Republic is a contracting chain, as its parent company, Gap Inc., has announced it will be shuttering all U.K. locations of the struggling retail brand. It’s not a massive contraction — there are only eight BR stores in the U.K. —...
Recent reports indicate that, when Walmart wants its market share back, it does not scale back the exuberance with which it is willing to pursue it. Walmart is cutting its prices as it aggressively moves to clawback market share from Target and various dollar stores...
According to the 2016 American Express Digital Payments Security Survey, 70 percent of U.S. merchants are experiencing an increase in sales through digital channels, which is good news. The not-so-good news? Those sales could be higher if payments fraud weren’t quite so prevalent a concern....
As if it couldn’t get any worse for embattled Wells Fargo, Los Angeles Times is reporting that the California Department of Justice is looking into criminal identity theft over the creation of the fake accounts. The report, citing a search warrant sent to the bank’s headquarters...
Worldpay announced Wednesday (Oct. 19) the launch of its newest omnichannel payment platform for the United States — Worldpay Total. Connecting and simplifying payments across sales channels through a single integration point, Worldpay Total delivers end-to-end payment processing by combining point-of-sale (POS), integrated payments and acquiring...
As many as 3.25 million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. Card network providers Visa...
It looks like the LinkedIn hack — which resulted in over 117 million user passwords going out for sale on the internet — seems to have caught a break, as an alleged Russian hacker has been arrested in the Czech Republic following an FBI-coordinated tip-off. “Following the...
Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. “Your competitors are, and will, be embracing FinTech in all of its...
LexisNexis Risk Solutions on Wednesday (Oct. 19) released a report, dubbed “Millennial Study: Privacy vs. Customer Experience,” which charts the digital consumer preferences and behaviors of millennials in seven global markets — the U.S., U.K., Germany, Hong Kong, Malaysia, Mexico and Brazil — and found...
