News

Banking
Cross River And Cloud Payment Co RS2 Form Digital Banking Partnership
April 30, 2019

Cross River Bank, a company that provides banking services for FinTechs, has partnered with payments processor and tech provider RS2 Software to provide an improved payment and digital banking experience for its customers, the companies announced. Get the Full Story Complete the form to unlock...

Investments
Delivery App Glovo Raises $169M In Series D Round
April 30, 2019

On-demand delivery app Glovo, which is similar to Postmates in that it promises to deliver anything, has raised $169 million in a Series D funding round, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Global Payments
Sonect Gets eMoney License In Lithuania; Alipay Teams With HarkHark For Mobile Orders
April 30, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Sonect obtaining an eMoney license in Lithuania. In addition, Sainsbury’s rolled out a till-free London brick-and-mortar store in the United Kingdom, and Alipay is working with food and travel marketplace...

Investments
Payments Software Co. Masabi Raises $20M
April 30, 2019

Masabi, a mobile ticketing and transportation payment company based in the U.K., has raised $20 million in a Series B funding round, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Visa Powers Virtual Payments For Sabre
April 30, 2019

Global travel industry technology provider Sabre announced a partnership with Visa, the payments company, to support business-to-business virtual payments in the travel industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Retailers Are Getting Smarter About Artificial Intelligence
April 30, 2019

As artificial intelligence (AI) moves from theory to reality – a slow and uneven effort, but a real trend – retailers are starting to experiment with the technology. The work to craft AI-powered commerce tools comes as the technology is making initial inroads into financial...

Retail
How Digital Disruptors Are Taking On The QSR Drive-Thru
April 30, 2019

Some digital innovators reinvent old processes to make them more efficient. Daniel McCann, who started restaurant customer engagement platform 5thru, for instance, turned his focus to the long wait at the drive-thru. Consumers might want to get a morning cup of coffee, but face a...

Retail
Ford Teams With Amazon For In-Car Delivery
April 30, 2019

Following in the footsteps of Volvo Cars and General Motors Co., Ford Motor Co. is teaming up with Amazon to allow for packages to be delivered to millions of vehicles. The offering will be available on some recent Ford and Lincoln models, Bloomberg reported. Get the...

Retail
Chewy.com Gears Up For IPO
April 30, 2019

Following its acquisition by PetSmart approximately two years ago, Chewy.com filed papers to gear up for an initial public offering (IPO). The eCommerce pet supply merchant took in sales for fiscal 2018 of $3.5 billion, which marked an increase from 2017 at $2.1 billion, CNBC reported....