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Samsung Q3 Mobile Sales Decline 12 Percent

PYMNTS

Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. AI-based automation will enable Samsung to introduce new services in the 5G era, such as industrial Internet of Things (IoT) and connected cars.

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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. The Samsung Galaxy S7, which put the mobile division at the top of the heap for Samsung – again.

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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. ’s Faster Payments real-time payments system. Morgan Enhances Virtual Cards Via Marqeta.

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Ant Financial Acquires Minority Stake In Klarna

PYMNTS

Ant Financial is China’s biggest firm in the $27 trillion Chinese payments market and is expanding into consumer lending. For too long consumers have had to endure non-intuitive, boring and overly complex services when shopping both online and offline. Klarna added over 75,000 new merchants last year. billion.

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OTP Bots Are a Growing Threat: What Financial Institutions Need to Know

Abrigo

Takeaway 1 OTP bots are designed to socially engineer a victim into divulging sensitive information associated with online accounts. Two-factor authentication (2FA) is a commonly used tool to add an extra layer of security and prevent unauthorized login of online accounts. Lending & Credit Risk. New Account Takeover Tactics.

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SoftBank, Paytm To Launch Digital Payment Service In Japan

PYMNTS

It also has to contend with competition from PayPal, Ant Financial and Tencent, as well as Apple and Samsung Electronics. The idea is to expand into financial services, including lending and insurance, within the payment platform. which will bring the value of the online retailer to around $1.9

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This Week In Retail: Funding, Finance And Tech

PYMNTS

online lender Prodigy’s funding news for expansion into the U,S., Walmart’s two new partnership announcements , and the news that the CFPB is ordering American Express to pay out money to those hurt by unfair practices. Moving into lending news, U.K.-based based online lender Prodigy shared its funding news.