News

Retail
McDonald’s To Acquire Conversational Tech Company Apprente
September 10, 2019

To grow its presence in the Bay Area and integrate teams with advanced technology skills into its business, McDonald’s Corporation announced an agreement to acquire Apprente. The company said in an announcement that the arrangement is another bold step in advancing employee- as well as...

Retail
Discount Retailer Fred’s To Shutter Stores
September 10, 2019

After closing hundreds of stores that were not profitable, Fred’s is filing for Chapter 11 bankruptcy protection and shuttering all of its locations. Liquidation sales at its retail stores will be held over the next two months, CNBC reported. Get the Full Story Complete the...

Security & Fraud
Who Should Lead The Digital ID Push?
September 10, 2019

Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money could give security professionals nightmares. Get the Full Story Complete the form to unlock this...

B2B Payments
Testing The Boundaries Of Autonomous Tech In Fleet Payments
September 10, 2019

Smart cars and connected vehicles could be on their way to addressing road congestion, reducing accident risks and promoting overall convenience for drivers no longer at the wheel. Those are significant propositions for the fleet industry, with giants like Amazon and Uber Freight investing in...

B2B Payments
Toyota Unit Loses $37M To Vendor Payment Fraud
September 10, 2019

A subsidiary of automaker Toyota has lost millions of dollars thanks to a vendor payment scam, according to SC Media UK reports. The publication said Monday (Sept. 9) that Toyota Boshoku Corporation, one of Toyota’s car parts suppliers, lost more than $37 million to a...

B2B Payments
AppZen’s Expense Audit Tech Attracts $50M Round
September 10, 2019

Expense management and reporting technology firm AppZen announced a $50 million fundraise Monday (Sept. 9) with plans to strengthen its artificial intelligence capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
UK SMB Bank, Allica, Cleared For Launch
September 10, 2019

The U.K.’s challenger banking sector shows no signs of slowing down as its next entrant, Allica, is cleared for launch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Everlink Bolsters FI Fraud Protection With ACI Worldwide
September 10, 2019

Canada’s Everlink Payment Services, a payment solution and service provider for banks, credit unions and small businesses, is strengthening its fraud controls for clients through a collaboration with ACI Worldwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
Michigan Approves Charter For First LGBT Credit Union
September 10, 2019

Michigan has approved a charter for a new financial institution designed for LGBT customers. 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...