News

Investments
Chinese Grocery Delivery Startup MissFresh Seeks Funding
July 08, 2019

According to reports in Bloomberg, anonymous sources have confirmed that MissFresh, a Chinese grocery delivery startup based in Beijing, is seeking additional funding as the economy and market appear to be trending downward in the country. MissFresh is backed by Tencent Holdings Ltd. and is...

Regulation
Regulators Eye ‘Excess Capacity’ In European Banking System
July 08, 2019

In Europe, and specifically in banking, mergers – not for scale, but for efficiency? 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...

Retail
Cashierless Innovation In Retail Gets A Fresh Boost In The UK
July 08, 2019

Can cameras replace cashers in retail? The grocery industry is making a go of it. 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,...

Retail
Steeping Matcha Tea Innovation With Subscriptions And Snacks
July 08, 2019

Sometimes entrepreneurs are their own very first customer: They need their products in their own lives. Jade Leaf Matcha Co-Founder Marc St Raymond, for instance, worked long hours doing software engineering work, which can be demanding. He was always on the hunt for an aid...

Retail
Waymo Experiments With Wireless Internet In Robotaxis
July 08, 2019

After rolling out ad-free music streaming for riders, Alphabet Inc. subsidiary Waymo is reportedly experimenting with ad-free wireless internet in its greater Phoenix robotaxis. Paying passengers have been transported in hundreds of “driverless” minivans since the end of last year, according to Reuters. Get the...

Partnerships / Acquisitions
FLEETCOR Expands Payroll Card Reach With SOLE Financial Buy
July 08, 2019

In a move that extends payroll card portfolios to serve small and medium-sized businesses (SMBs), global business payments company FLEETCOR Technologies, Inc. has acquired payroll card provider SOLE Financial. The move is said to bring SOLE together with FLEETCOR’s existing digital paycard business and grow...

eCommerce
Merchant Adoption Of Multiple Buy Buttons Growing
July 08, 2019

So-called “buy buttons” have captured the imaginations of online retailers and social media platforms over the years, but they have had far more success being used on eCommerce sites. Instagram encourages discovery and shopping, but has stopped short of adding a literal buy button, while...

B2B Payments
MYOB Suffers Payroll Reporting Glitch
July 08, 2019

Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known as group certificates or payment summaries were sent to the wrong recipients. Get the Full Story Complete the form to unlock this article...

B2B Payments
UK Reveals Late Payments Law Loophole
July 08, 2019

The U.K. is perhaps the most vocal market in the late B2B payments world, with regulators working to address delayed invoice payments, while FinTechs and banks weigh in on the matter with their own efforts to tackle the issue. Some, like Xero and FreeAgent, have...