News

Investments
Millennials Dump Tesla Stock
April 05, 2019

Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. The company’s Q1 report sent shares falling by more than 8 percent on Thursday (April 4), according to Markets Insider. Tesla is down nearly 20 percent so far this year....

Payment Methods
The Next Big Cashless Play: Cannabis
April 05, 2019

Blunt question for PYMNTS readers (pun intended): Have you been inside a pot shop lately? One of the legal operations that are springing up in the states that have approved the above-board sale of marijuana products? Or do your views of marijuana retail still center...

Retail
Alexa Earbuds To Move Amazon Into Wearables
April 04, 2019

In a move to take on Apple’s wireless earbud dominance, Amazon is planning to make its own version with Alexa capability, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
How the Walmart MoneyCard works?
April 04, 2019

About two years ago, Walmart teamed up with Green Dot and Commonwealth, for a prepaid card savings program. On Thursday (April 4), the company announced that customers “have moved more than $2 billion through the program’s virtual Vault, a safe and accessible way to save money...

Retail
Luxury Brands Work With Chinese eCommerce Sites, Shun Amazon
April 04, 2019

Luxury brands are selling more and more on Chinese eCommerce sites like JD.com and Alibaba, while still keeping their distance from Amazon, according to a report in The Wall Street Journal. French multinational luxury goods conglomerate LVMH’s finance chief made his views on Amazon clear...

Cross-border Payments
OYO Teams Up With Softbank For Japanese Expansion
April 04, 2019

One of India’s largest hospitality companies, OYO, is expanding into Japan with the help of its biggest investor — Softbank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Beyonce And Adidas Partner Up For Apparel, Shoe Line
April 04, 2019

Soon all the single ladies (and the non-single ones) will be able to buy Adidas-branded Beyoncé clothes and shoes. 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...

Retail
How FinTechs Start With The End In Mind For Payments
April 04, 2019

FinTech firms are creating offerings to make it easier for retailers to handle their payments on the back end. Modo, for example, designed its new /Checkout product with “the end in mind,” Brian Billingsley, the company’s chief revenue officer, told PYMNTS in an interview. He...

Global Payments
Société Générale, Elavon Team Up For Payment Services Across Europe
April 04, 2019

Global payments provider Elavon and financial services group Société Générale have partnered up for payment acceptance and acquiring services throughout Europe, according to a release by the companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...