News

News
Today In Payments: Walmart+ Launches Prescription Savings Program; Biometrics Security Startup CLEAR Filing IPO
June 08, 2021

In today’s top news, Walmart+ has launched a prescription savings program for members, and CLEAR has filed for an IPO for its biometrics security platform. Plus, Klarna has rolled out virtual cards to let users pay in interest-free installments at any store in the U.K....

Retail
Walmart+ Bulks Up And Takes On A Crowded Digital Field With Rx Discounting 
June 08, 2021

Prescription drug savings are coming to Walmart shoppers as the retailer launched its new Walmart+ Rx for less service for subscribers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Artificial Intelligence
PYMNTS Data Brief: 88 Pct Of FIs Turn To AI For Post-Pandemic Credit Decisioning
June 08, 2021

Credit risk decisioning is being called out as the biggest challenge facing banks and financial institutions (FIs) in a time of rebuilding. Banks and FIs have tripled their use of artificial intelligence (AI) in this area since 2018, and it’s ramping up more intensely now....

eCommerce
Alibaba Goes Up Against Amazon With Livestream Shopping
June 08, 2021

Chinese-headquartered eCommerce giant Alibaba is going up against Amazon, offering new cloud computing services and livestream shopping as it looks to expand across Asia, CNBC reported on Tuesday (June 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Hackers Hit US House, NYC Law Department
June 08, 2021

Will 2021 be remembered as the year of the cyberattack? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

B2B Payments
Solving The Persistent Supplier Payment Slowdown
June 08, 2021

The check is not in the mail — at least not when it should be. That’s the takeaway from a recent Wall Street Journal report that shows payments to suppliers continue to run late, despite signs of pandemic recovery springing up across the segment. Get...

Investments
Berkshire Hathaway’s $500 Million Boosts Nubank’s 2021 Take To $1.15 Billion
June 08, 2021

Investors keep flocking to financial technology company (FinTech) Nubank. On Tuesday (June 8), Nubank announced both a $500 million investment from Berkshire Hathaway and another $250 million from Sands Capital and Brazil’s Absoluto Partners and Verde Asset Management. Get the Full Story Complete the form...

Payment Methods
Walmart, PayNearMe Team To Offer Cash Bill Payment Services
June 08, 2021

Mobile cash payments platform PayNearMe has announced that customers will be able to facilitate cash payments for bills through the Green Dot Network at participating Walmart stores, according to a Tuesday (June 8) press release. Get the Full Story Complete the form to unlock this article and...

eCommerce
Goldman Sachs Injects $90 Million Into eCommerce Platform sticky.io
June 08, 2021

San Francisco-based sticky.io, which provides an eCommerce platform, has closed a $90 million transaction with Goldman Sachs Asset Management’s private credit business. The eCommerce company said in an emailed press release that it would use the cash to build more functionality into its platform and...