News

News
This Week In Amazon Vs. Walmart: The Battle For Consumers
August 09, 2019

Though Amazon and Walmart are in a constant race for the consumer’s whole paycheck, they mostly stay within their own lanes.  Though both move and counter-move against each other in clearly observable and trackable ways — the instances of the two firms directly pushing on...

Mobile Applications
New Data: U.S. Consumers And The ‘Everyday App’
August 09, 2019

Each morning, 80 percent of American consumers check their phones before they brush their teeth — but they rarely do so for the same reasons. Some pick up their mobiles phones to check Instagram or Facebook, while others open an app to check the weather...

Partnerships / Acquisitions
Groupon Buys AI Tool To Offer Text, Chat Bookings
August 08, 2019

Groupon has acquired an AI-driven voice and text messaging tool called Presence AI, according to a press release. 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...

Retail
Amazon To Test Price Controls Amid Scrutiny
August 08, 2019

As Amazon’s pricing policy is probed, it is testing a new control program for select third-party products that would offer sellers a minimum profit in exchange for allowing Amazon to cut prices at will, CNBC reported on Thursday (Aug. 8). Get the Full Story Complete...

Regulation
FBI Wants More Access To Facebook Data To Monitor Threats
August 08, 2019

The Federal Bureau of Investigation wants to be able to have more access to social media to monitor potential threats, according to a report in The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Afterpay Reports 6.5K Merchants On Payments Platform
August 08, 2019

Afterpay, the leader in “buy now, pay later” payments, said in a press release that its second bi-annual two-day sale, Afterpay Day, will take place Aug. 14-15. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cross Border Commerce
Canadian Travel Agency Group Partners With Western Union For Payments
August 08, 2019

The Association of Canadian Travel Agencies (ACTA) is collaborating with Western Union to make cross-border payments easier. 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...

Payment Methods
Paytm’s India’s Usage Plummets; Google Pay, PhonePe See Spike
August 08, 2019

After being a usage leader in India’s Unified Payments Interface (UPI), Paytm experienced a sharp decline in transactions in July, while Google Pay and PhonePe have seen usage skyrocket, sources told the Economic Times on Thursday (Aug. 8).  Get the Full Story Complete the form to...

Retail
How Boutique Trucks Are Bringing New Meaning To Fast Fashion 
August 08, 2019

Food trucks have been around since the 1970s, when taco trucks began making the rounds in New York City, but didn’t become a national sensation until 2008 when two events coincided in such a way as to make a long extant — but largely niche...