News

Retail
The Weird Commerce Of The Dark Web
January 04, 2020

In the day-to-day life of the regular law-abiding internet user, the dark web is mostly a scary unknown. Insofar as the average consumer knows, that side of the web – which is accessible only via a TOR server – is the place where their personal...

Partnerships / Acquisitions
Commerzbank To Increase Stake In FinTech Comdirect
January 03, 2020

German lender Commerzbank has completed an agreement with activist investor Petrus Advisers to grow its stake in online lending FinTech Comdirect as it attempts to take over the company and reduce its costs, according to a report by the Financial Times. Get the Full Story...

International
US Prepares For Potential Iranian Cyberattack
January 03, 2020

U.S. officials are preparing for the possibility that Iran will attempt a large-scale cyberattack in retaliation for a drone strike that killed Qassem Soleimani, a top general in the Iranian Islamic Revolutionary Guard, who many thought would be the country’s next leader, according to a...

Partnerships / Acquisitions
Snap Acquires AI Factory Computer Vision Startup for $166M
January 03, 2020

Snap, the parent company of Snapchat, has acquired a Ukraine-based company called AI Factory, to help the social media app provide a new type of video service that uses a person’s face to play short clips, according to a report by TechCrunch. Snap made the...

Retail
Tesco Customers Unhappy With Cashless-Only ‘Scan As You Shop’
January 03, 2020

Shoppers are reportedly disappointed that British supermarket Tesco won’t take cash payments any longer on its “scan as you shop” system. The system lets shoppers pack as they shop and is said to be “exclusive” for the store’s Clubcard members. It reportedly makes for an easier shopping...

Partnerships / Acquisitions
Just Eat Investors Reportedly To Accept Takeaway Bid
January 03, 2020

In its takeover battle for Just Eat Plc, Takeaway.com NV is reportedly coming close to victory. According to unnamed sources cited by Bloomberg, investors who have over half of the United Kingdom food delivery company’s shares have indicated they would agree to the all-stock offer...

Payment Methods
New Year’s Bug Takes NYC Parking Meters Offline
January 03, 2020

Parking meters in New York City won’t take credit cards because they weren’t programmed to get card payments after Jan. 1, 2020, according to a report by the New York Post. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

News
Samsung’s Neon, 2020 Trendlines, Faster Payments Top This Week’s News
January 03, 2020

It’s the end of the first workweek of the decade, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into faster payments for education, seven 2020 trendlines when...

Investments
LATAM’s Loft Snags $175M To Improve Digital Real Estate Sales
January 03, 2020

Latin America-based Loft, a digital real estate startup that aims to make buying and selling real estate in the region easier, has raised $175 million in a series C funding round, according to a press release. Get the Full Story Complete the form to unlock...