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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

PYMNTS

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. The new service is being featured at the Mastercard Cybersecurity Summit in Croatia from Sept.

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In China, Green Shoots For Luxury Spending To Prove Fragile?

PYMNTS

22), Boston Consulting Group has estimated that that demand for luxury items could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. And yet, overall spending across the luxury industry could shrink by as much as 45 percent through 2020, as other regions and countries – Europe and the U.S.

Retail 169
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Grubhub Acquires LevelUp

PYMNTS

Turns out the online and mobile food ordering business has some hefty tailwinds in place. The company announced the acquisition of LevelUp , which should expedite integration with restaurants and “create a seamless diner experience in-app, online and in-store,” said the 423,000 daily average grubs, up 35 percent year over year.

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Small Business Spotlight: Just Add Cooking

PYMNTS

As every other kind of commerce moves online, food and grocery have likewise been migrating in a digital direction – and why not? Consumers can buy shoes, books, coffee pots, linens and dog toys online, so why are they still going to the grocery store for the same dozen eggs and gallon of milk they buy every week?

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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

The fee-free card is Goldman Sachs’ latest inroad into the retail consumer business after establishing its online Marcus brand in 2016, which makes unsecured personal loans. According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub.

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The Strange World Of Summer Retail

PYMNTS

So what fun in the sun can the nation’s retailers expect this year? The Good … The really good news about summer for retailers is that the temperature is their ally — well, at least for those retailers in the Northeast, assuming that it warms back up again in Boston (from 92 to 62 in 24 hours is a bit much …).

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The PYMNTS 2018 Summer Top 10 List

PYMNTS

In July, Grubhub announced it would be buying up LevelUp for $390 million in cash to expedite integration with restaurants and “create a seamless diner experience in-app, online and in-store,” said the 423,000 daily average grubs, up 35 percent year over year. In December of 2017, Even went live and online for 1.4 Amazon’s Prime Day.

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