Chesapeake Bank Debuts Online Loan Product

PYMNTS

“We rely on ProfitStars’ products to improve the process for our business clients from the online application to account management, to ongoing service and reporting,” said Kevin Wood, managing director of Cash Flow at Chesapeake Bank, in a press release.

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Postmates Raises $100M As Online Food Delivery Heats Up

PYMNTS

But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and toward restaurant operators in order to thrive in a crowded marketplace.

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Kuwait Bank Taps Ripple For Online Banking

PYMNTS

The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its online banking platform, offering 24-hour wire transfers to Jordan, with more countries being added soon.

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Online Holiday Spending Already A Record-Breaker

PYMNTS

Christmas is just around the corner, and online holiday shoppers have been busier and spending more than ever, according to a new report. Online sales reached $80.3 It’s the largest online shopping period ever, beating out last year’s total of $67.7

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Jumio: Why Online Love Doesn’t Have To Attract Fraudsters

PYMNTS

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. Online Dating Scope. The appeal of online dating or marriage sites for con artists is pretty simple.

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Saxo Bank Buys BinckBank To Expand Online Trading Customer Base

PYMNTS

Saxo Bank is gearing up to acquire BinckBank in a $480 million deal as it aims to expand in the online trading and investment markets. Saxo gets most of its income from its online trading business , in which it makes trading platforms for foreign exchange traders.

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Pre-Black Friday Online Sales Spike 17 Pct

PYMNTS

consumers increased their online shopping nearly 17 percent before Black Friday, according to new data from Adobe Analytics published this week. Online shopping spend topped $31.9 online shoppers spent $3.3 billion in online sales, a 17.6

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Online Sports Gambling Makes Bet On Faster Payments

PYMNTS

goes online. But that’s not the case for online gambling, said Cregan, who noted, “It can sometimes take two or three days” for those winnings to get into gamblers’ accounts.

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Cyber Monday Sales Set A Record As Shift Online Continues

PYMNTS

ET Monday, sales for retailers online were up 20 percent from last year’s Cyber Monday, with Adobe pointing to a surge in orders being placed via smartphones. He said online discounts and free shipping are cutting into retailers’ profits in a significant way.

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Online Spending Could Top $124B Over The Holidays

PYMNTS

Amid a change in shopping habits from brick-and-mortar to eCommerce, online spending is expected to reach $124.1 For online sales, the calendar might provide a bit of a boost: due to an extra day in the period spanning from Cyber Monday to Christmas, a $284 million rise in sales could occur.

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Online Car Marketplace CarDekho Raises $110M For Services Expansion

PYMNTS

Investments car buying funding india Insurance investing News online marketplace Venture Capital What's HotIndia-based internet car marketplace CarDekho has raised $110 million in fresh venture funding.

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Black Friday Online Spending Jumped 24 Pct From 2017

PYMNTS

Black Friday sales soared this weekend, with more Americans choosing to skip the crowds and do the majority of their holiday shopping online. Reuters reported that online sales rose more than 23 percent, hitting over $6 billion on Black Friday, according to data from Adobe Analytics.

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Zara Plans To Roll Out International Online Shopping Platform

PYMNTS

To bring its fashions to new markets, Zara plans to roll out a global online platform. Orders will be fulfilled from Zara’s Spanish online platform and orders will be in euros. The full online catalog will be operational by 2020.

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Consumers Are Increasingly Researching Purchases Online

PYMNTS

That data strongly indicates 88 percent of consumer pre-research their buys online before making a purchase either online or in-store. In-store pick up is also becoming an increasingly favored method of conducting commerce, the report found, with 68 percent of consumers noting they were satisfied with their experiences when ordering what they needed online and then picking those purchases up in-store.

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How To Fight Online Fraud: Ruin Cybercrime’s ROI

PYMNTS

Stepping into this world is vital for anyone serious about preparing a proper defense against online fraudsters in 2019. The dominant source of fraud these days is online fraud, Yu said, and the more data a criminal gang can steal, the better the chance at profit.

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Online Ad Biz Neared $50B In Early 2018

PYMNTS

A new report from Interactive Advertising Bureau ( IAB ) shows that the online advertising business continues to grow at double-digit rates. Business ad Consumer Spending digital IAB mobile News online advertising social media What's Hot

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Sberbank, Yandex Partner To Launch Online Marketplace Beru

PYMNTS

At the same time that there is a dearth of competition, analysts have said the economy in Russia is situated for growth, given online retail accounts for only 3 percent of the total spend. Partnerships / Acquisitions Beru ecommerce News online marketplace Russia Sberbank What's Hot Yandex

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Google, FBI, Cybersecurity Firms Shut Down Online Ad Fraud Scam

PYMNTS

According to a report in The Hacker News , the fake clicks were used to trick online advertisers for years and make tens of millions of dollars as a result. Other tactics included hiding real IP addresses and infecting PCs with malware to create or generate fake clicks for online ads.

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Will Privacy Worries Change Online Search Habits?

PYMNTS

How do consumers really want to search online ? There is little questions that regularly occurring data breaches, combined with increased consumer knowledge of how their online data and personas are used for advertising, have created what can plausibly be called a privacy backlash. PYMNTS has provided sustained coverage of online privacy and how shifting consumer attitudes are, at the least, starting to impact business plans and profit forecasts.

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Online Grocery Approaches $50B In Online Sales Worldwide

PYMNTS

Online grocers are growing at a much faster rate than traditional brick-and-mortar grocers, according to a new report. percent in the past fiscal year, compared to a 15 percent growth in online grocery sales. Of the total worldwide grocery market, online sales now make up 4.4 alone, online grocery sales are expected to jump 157 percent in 2016 as online grocery delivery options, like AmazonFresh, Peapod and numerous other competitors, continue to flood the market.

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EU Proposed Regulation Could Put More Data Restrictions On Online Merchants

PYMNTS

European Union lawmakers have proposed new regulations aimed at stopping an online marketplace such as Amazon from using data from merchants’ product sales to boost sales of their own branded products. Amazon EU Google News online marketplace online merchants What's Hot

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At Citigroup, Mobile User Growth Outshines Online Activity by Nearly 3x

Bank Innovation

Cards Commerce Daily Post 2 Exclusive Mobile Online Premium Retail Sales & Marketing active mobile users Bank of America Citigroup earnings JPMorgan Chase Wells Fargo

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Can Behavioral Analytics Slow Online Fraud?

PYMNTS

Fraudulent activity is 81 percent more likely to occur online than at the physical point of sale. The reality is, online I can go from store to store to store and can test the limits of that credit card in a very aggressive manner,” Mills said. This is the amount of online fraud that wends its way across call centers. Security & Fraud Call Center Fraud data drivers Featured News Featurespace Financial Crime fraud Fraud Prevention News online fraud podcast

Bank Leumi Eyeing Online Bank Launch In US

PYMNTS

Israel’s Bank Leumi is planning to bring its online-only bank Pepper to the United States. Banking bank account Bank Leumi brick and mortar Digital Banking Goldman Sachs international mobile banking News online banking What's Hot

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Millennials SME Owners Prefer Online Alternative Lenders to Tradtional Ones

Bank Innovation

Online alternative lenders are gaining momentum with U.S. SMEs have used online alternative lenders (P2P lenders or marketplace lending platforms) […]. DataBank Lending Online Open Fintech Startups alternative lender millenial investing SME lending

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US Bank Designs Online SMB Lending Platform

PYMNTS

Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. Bank, which revealed its online lending platform for small businesses to access a loan or line of credit. If approved, borrowers can also view and manage their financing details online. Bank said its online banking portal can address both of these needs, providing an omnichannel loan experience for small firms while saving time for business owners.

How online gaming created a challenger bank

Chris Skinner

What was not surprising is that the lion’s … The post How online gaming created a challenger bank appeared first on Chris Skinner's blog. I was chairing a panel with a number of different players, one of which was Monzo.

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Walmart Plans Online Store With Advance Auto Parts

PYMNTS

Through the tie-up, the retailer will offer auto parts products and accessories such as tires in Walmart Auto Care Centers as well as online, CNBC reported. The news comes days after Walmart had announced its acquisition of online intimate apparel seller Bare Necessities.

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Walmart Online Sales Explode

PYMNTS

Case in point: Walmart beat on earnings and revenue, saw same-store sales grow and online sales explode. I’m encouraged by innovation in the business,” McMillon noted, calling out the various improvements to its buy online, pick up in-store brick-and-mortar service — including grocery delivery, in-store pick up discounts and automated order pick-up towers, “where customers can pick up their orders within a matter of minutes.”. “We He noted that online grocery is already in 900 U.S.

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Can Online Dating Keep Out Stalkers? Facebook Thinks So.

PYMNTS

Excuse the brief descent into heartbreak, but for every online dating success story — Aren’t they so cute?!! Can Facebook help bring more sanity — or, more accurately, a better sense of safety — to the world of online dating? There is little doubt that consumers have taken to online dating — one estimate said one in three people have at least tried it. After all, the risks of online dating go far beyond meeting a creep with fake roses in his car.

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Baidu, China Citic Online Bank Approved

Bank Innovation

China Citic Bank and search engine Baidu got the greenlight to go forward with their joint online banking venture. The bank will be exclusively online, according to reports, […]. Exclusive Lending Online Payments Retail Baidu China Citic Bank online banking

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ALDI Expands Online Grocery Delivery To All US Stores

PYMNTS

ALDI has announced that it is expanding its online grocery delivery service to all of its stores in the United States. Retail ecommerce food delivery grocery delivery grocery sales News online groceries What's HotAccording to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis.

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To Fight Fake IDs And Online Fraud, Know Thy Enemy Better

PYMNTS

We have to accept some part of that [friction] for the online world. We are trying to take our offline ID and use it online.”. To really beat someone, or something, one must respect and understand that person or organization, even if they dislike or loathe them.

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DBS, Xero Create Online Payment Solution for Singapore SMEs

Bank Innovation

Singapore-based bank DBS has partnered with technology provider Xero to build an online payment solution for small and medium-sized enterprises, the companies announced today. Exclusive Online Payments DBS Bank online payments Singapore fintech SMEs xero

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Zara Now Offering Online Shipping From Stores

PYMNTS

Zara is now enabling its stores to ship online purchases in an effort to boost sales of full-priced items. This will be one of the largest-scale attempts by a retailer to use shops to fulfill online orders. This is something very, very strategic for us, this idea of full integration between store and online stockrooms,” Inditex’s chairman and chief executive, Pablo Isla, told analysts in June.

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China Central Bank Creates AML Regulations For Online FIs

PYMNTS

The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs).

Chase Customers Left Angry After Unexplained Mobile, Online Outages

Bank Innovation

Customers of JPMorgan Chase were unamused when the bank experienced a day-long digital outage, leaving many customers unable to make online transactions, use the mobile app, or conduct additional banking tasks. Exclusive Mobile Online Chase JPMorgan Chase Mobile banking online banking

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Wayfair Results See Surge in Online Shopping

PYMNTS

Online home goods and furniture retailer Wayfair has seen its shares go up and down in the wake of earnings reported earlier this week, according to Thursday (Nov. Within the numbers, online shopping trends shone. Growing at an even faster rate — and, of course, helping to boost Wayfair’s top line — was the company’s online customer base, which was up 39 percent to 10.3

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Walmart, Handy Tie-Up Goes Live Online

PYMNTS

To help Walmart’s online customers access assembly and installation, the retailer is broadening its relationship with home services company Handy , which will now offer services via Walmart.com, Retail Dive reported. Before the addition of the online offering, customers could purchase Handy’s at-home services while checking out in the store, and then simply schedule an appointment with a qualified local professional to perform the tasks.

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ProfitStars Targets Online Bill Pay Fraud For Banks

PYMNTS

The firm’s Gladiator iPay Enterprise Security Monitoring (iPay ESM) tool is now live for financial institutions to monitor and mitigate the risk of fraud linked to online bill payment, the company said in a press release. According to ProfitStars, more than 2,500 community and regional banks offer online bill payment to their retail and small business clients through iPay Solutions.

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Online Lender SoFi Sees $12M Loss In Q3

PYMNTS

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization.

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Online Lender WeLab Is Said to Delay $500 Million Hong Kong IPO

Bank Innovation

The online lender asked bankers to suspend preparation citing current market volatility, said the people, who asked not to be identified as […]. Bloomberg Daily Post 3 Lending Premium Credit Suisse online lending WeLabWeLab Holdings Ltd.,

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Zillow Launches Online Applications Payments For Renters

PYMNTS

Zillow , the online real estate company, announced on Tuesday (July 31) that it has rolled out new tools to help time-strapped renters get a competitive edge in the rental process and to help landlords avoid the time and hassle it takes to screen potential tenants. Based on the results of a soon-to-be-released survey by Zillow, 59 percent of renters want to send applications online, while 57 percent want to pay their rent over the internet.

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