News

Retail
Amazon Is Building A Traditional Supermarket In LA
February 19, 2020

The normally staid and stable supermarket business is suddenly a hotbed of activity. And the antagonist, per usual, is Amazon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Payments Innovation
Kyriba Payments Network Tackles CFO Mandate
February 19, 2020

Global cloud treasury and finance firm Kyriba has introduced the Kyriba Payments Network to deal with the developing chief financial officer (CFO) mandate to streamline payments and fight payments fraud, the company said in a press release on Wednesday (Feb. 19). Get the Full Story...

Retail
Navigating The Overstuffed Weight Loss Market
February 19, 2020

The fact that obesity has grown to epidemic proportions in the U.S. and around the world is, regrettably, old news at this point. According to a late 2017 report by the Centers for Disease Control and Prevention, almost 40 percent of American adults and nearly 20...

Retail
Walmart Aims To Build Décor, Clothing Business
February 19, 2020

Walmart is still seeking the right combination of fashion and home, while its online shopping initiatives have been rewarded with an eCommerce grocery purchase boon. Marc Lore, who is Walmart’s U.S. eCommerce business president and chief executive officer, said the merchant is dedicated to providing...

Retail
Taking The Convenience Store Uptown, Upscale And Omnichannel
February 19, 2020

At first it would seem to be a contradiction in terms. But Foxtrot, a small company out of Chicago, is reinventing convenience store retail and taking it uptown. As of last week it has $17 million in its coffers to achieve that mission. Get the...

Retail
Providing Fresh Meals To Consumers With Automated Retail
February 19, 2020

Before nutrimeals set up an automated retail solution to distribute prepared meals to consumers, the company was delivering food to customers in Calgary and across Western Canada, but it knew from the beginning that it wanted to have kiosks, Co-founder Grace Clark told PYMNTS in an interview....

Retail
Groupon To Stop Merchandise Sales And Concentrate On Experiences
February 19, 2020

As it faces a competitive retail market, Groupon Inc. intends to discontinue its sale of merchandise by the close of 2020. The firm plans to move from its current deal-focused approach to concentrate on local experiences, such as local painting classes or wine-tasting dinners, as...

Security & Fraud
Fraud Decisioning Orchestrates A Response
February 19, 2020

Some people think the best thing about the Pennsylvania-based convenience store and fuel chain Wawa is their absurdly delicious jalapeño-stuffed pretzels, oozing with molten cheese. So very tasty. Bad people love Wawa, too – mostly for its large database of consumer information. In they went,...

B2B Payments
Card Incentives Jump On Businesses’ Shift Away From Cash
February 19, 2020

Going cashless has long been a conversation in the consumer payments world, but a new report from HSBC in the U.K. suggests businesses could be following suit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...