News

Partnerships / Acquisitions
JPMorgan Buys InstaMed For $500M
May 17, 2019

In a bid to expand its healthcare payments presence, JPMorgan said Friday (May 17) that it has entered a deal to acquire InstaMed, a payments technology company focused on the space. Though financial terms of the acquisition were not disclosed in the release announcing the...

Payment Methods
Policymakers Introduce Bills To Ban Cashless Stores In US
May 17, 2019

In moves that could put a stop to cashless stores, two legislators brought bills forth in Congress to make business accept cash payments. U.S. Representative David Cicilline (D-RI) introduced a bill dubbed the Cash Always Should Be Honored (CASH) Act and U.S. Representative Donald Payne...

Security & Fraud
Q2 Holdings Launches Q2 TrustView For Data Security
May 17, 2019

Q2 Holdings said on Wednesday (May 15) that it has launched Q2 TrustView, billed as technology for data governance and protection focused on banking and lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Retail Pulse: Target To Roll Out ‘Versed’ Brand; Empire Outlets To Open In NYC
May 17, 2019

Brands created with the insights of tens of millions online users are joining the assortment at major retailers: Target, for instance, is bringing the Versed brand to its brick-and-mortar stores and website on Sunday (May 19). In the case of Versed, the brand was “developed...

Retail
Showcasing DTC Furniture #IRL For Netflix Bingers
May 17, 2019

Many entrepreneurs are inspired to start companies because of their own real-world experiences. Kyle Hoff co-founded Floyd after living in a number of places after college – Ann Arbor, the Bay Area, Chicago – and going through cycles with furniture. He bought his fair share...

Retail
Walmart Bolsters Artificial Intelligence Efforts
May 17, 2019

Beyond serving as a place to pick up groceries on the evening commute, Walmart customer service is doing a lot of work behind the scenes that customers might not even know about, on efforts such as artificial intelligence (AI) and advertising. Doug McMillon, the company’s...

Retail
Wing To Begin Drone Deliveries In Finland
May 17, 2019

With an experimental run in Finland, Wing plans to start delivering goods to residents in Helsinki’s Vuosaari district via drones. The test is said to involve deliveries of meatballs for two and fresh Finnish pastries — along with other meals as well as snacks, the...

B2B Payments
Kabbage Integrates With Online-Only SMB Banking Platform Azlo
May 17, 2019

Online small business (SMB) banking platform Azlo is integrating Kabbage into its solution to expand access to capital for its users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Despite FY19 Losses, Xero Shares Surge
May 17, 2019

Small business accounting firm Xero saw its financial losses widen for the 2019 fiscal year, yet shares surged for the company as much as 10 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...