A former Microsoft engineer was found guilty of 18 federal felonies after he stole $10 million worth of digital currency from his ex-employer and used the money to finance a $1.6 million waterfront house, $160,000 Tesla, and other lavish items, the U.S. Department of Justice...
Checkout.com, which works in global payment solutions, has made an acquisition in French payment company ProcessOut, the company said in an emailed press release. Financial terms of the deal were not released. Get the Full Story Complete the form to unlock this article and enjoy...
In eCommerce, and specifically, fulfillment, might the mantra be: Think big, go small? For grocers making the transition to the digital age, micro-fulfillment centers located at the back of the store may solve a myriad of logistics/inventory challenges. Evolv Ventures (the $100 million venture arm...
Billions of dollars in earnings. Billions of dollars in the bank. 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...
Cloud-based purchasing platform Vroozi will expand in the U.K. and Ireland, and work with Stratas to automate purchasing in the area, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Singaporean peer-to-peer (P2P) platform Funding Societies will partner with Singapore eBusiness (SGeBIZ) for a new way to provide financing solutions to customers, reports said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A new Walmart service will let third-party vendors hire the retailer to shelve, pack and ship items to customers in a move that could help Walmart compete better with eCommerce giant Amazon, CNBC reported. Get the Full Story Complete the form to unlock this article...
With the $357 million sale of its joint venture portion to China Resources Holdings (CRH), a state-run partner, Tesco has finished its exit from China. The U.K. grocer had created the Gain Land venture with CRH in 2014, bringing together the 131 locations of the...
After Shake Shack Inc. registered less-than-expected comparable sales and set disappointing targets for this year, the quick-service restaurant’s stock dropped on Tuesday (Feb. 25) as delivery growth also slowed during a shift to a sole partnership with Grubhub. Shares fell in their largest intraday drop...
