News

Investments
UK FinTech Paysend Raises £8.5M For Global Rollout
July 26, 2019

With more than 930 investors on the Seedrs investment platform, FinTech firm Paysend has notched an £8.5m Series B fundraising round from GVA Capital. Seedrs raised £4.6m for the company, while GVA invested £3.95m in the firm, UKTN reported. Get the Full Story Complete the...

Regulation
Australia To Create New Regulatory Branch To Monitor Facebook, Google
July 26, 2019

In a move that could establish a precedent for global lawmakers, Australia said it would create an office to police Google and Facebook. Governments from Europe to the U.S. have been working to face concerns from “fake news” to anti-trust issues, Reuters reported. Get the...

Retail
How To Get Innovation Right In Retail
July 26, 2019

All that investment in innovation pays off — so says the National Retail Federation, which found that three out of five “consumers feel retail technologies have improved their shopping experiences.” Not only that, but those consumers have noticed a particular improvement when shopping online, with...

Retail
Starbucks Rewards Now Counts 17.2M Active Members
July 26, 2019

With enhancements to its rewards offering, expansion of its delivery program and the announcement of a strategic partnership with a tech company to license part of its digital flywheel, Starbucks reported better-than-expected earnings results for its third quarter. The quick-service coffee chain reported revenues of...

Retail
How Keeping Calm Became A Billion Dollar Business
July 26, 2019

Startups, particularly in retail, often run into difficulty when in search of an innovative entrance point to the marketplace they come up with a solution to a problem that no one actually has. Sometimes, with very good marketing, a business can sell the consumer on...

Retail
McDonald’s Sales Grow Globally With Digital Efforts
July 26, 2019

With new digital ordering capabilities and store improvements, McDonald’s said sales grew globally in the latest quarter: Same-store growth of 6.5 percent around the world was better than expected, while same-store sales in the U.S. grew 5.7 percent to come out ahead of 5 percent...

Security & Fraud
Deep Dive: Why Fraudsters See Value In Phishing
July 26, 2019

It is far too easy for modern consumers and businesses to be lured into digital scams, and phishing is one of the most persistent types. These attacks are engineered to trick trustworthy users into unwittingly providing personally identifiable information (PII) such as login credentials, passwords,...

Digital Banking
Banks And Fraudsters Locked In Tech Innovation Race
July 26, 2019

While FIs are turning to artificial intelligence (AI) and machine learning (ML) to keep bad actors out, fraudsters are using that same tech to muscle their way in. In the latest Digital Banking Tracker, Brian Fricke, BBVA's chief information security officer, tells PYMNTS how banks...

Retail
Imperial Brands Moves Into Cannabis Industry
July 26, 2019

Cigarette company Imperial Brands has invested in Canadian cannabis company Auxly Cannabis Group to the tune of £75m ($93.2M USD), according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...