News

International
Australian Cash’s Spelling #Fail
May 10, 2019

When it comes to money, the little things really do matter — the really, really little things. That’s what Australian authorities are learning this week in a case that involves an expensive typo on 46 million of the country’s new $50 notes. And it’s a lesson...

eCommerce
Klarna Powers Alipay ‘Pay Later’ Option
May 10, 2019

Three popular payment companies, Alipay, Adyen and Klarna, have teamed up to allow AliExpress shoppers to use Klarna’s “Pay Later” option for online shopping, according to a release. The pay later option is enabled through Adyen, the payments provider behind AliExpress. With the new option,...

Regulation
India’s CCI Looks Into Google’s Android Dominance
May 10, 2019

The Competition Commission of India (CCI) has reportedly ordered an investigation into Alphabet Inc.’s Google unit to look into alleged abuse of its Android mobile operating system’s dominance in order to block competitors. The watchdog reportedly found merit in the accusations in April and launched...

Payment Methods
Card Payments In Germany Surpass Cash For The First Time
May 10, 2019

Card payments in Germany, a traditionally cash-forward country, have surpassed cash payments for the first time in history, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Fitch: AML Shortcomings Impact Bank Credit Ratings
May 10, 2019

As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and anti-money laundering (AML) controls are more likely to impact the credit rating of a bank than non-financial factors. Categories examined...

Retail
Budweiser APAC Eyes $70B Valuation In IPO
May 10, 2019

In a move that brings it closer to an initial public offering (IPO), Anheuser-Busch InBev Group’s Asian business filed an application for a Hong Kong stock exchange listing. The Budweiser Brewing Company APAC Ltd. unit makes, imports and sells more than 50 brands of beer...

Retail
Retail Pulse: The RealReal Takes Omni Approach To New Store; Amazon Go Opens In NYC
May 10, 2019

Online brands are exploring the world of physical retail with brick-and-mortar stores, and this week, fashion eTailers continued to expand their brick-and-mortar footprints in two somewhat different and distant cities — San Francisco and New York. But eCommerce retailers included omnichannel features for their shoppers...

Retail
eTailers Look To Give Instant Coffee A Jolt Via Subscriptions
May 10, 2019

After moving to Oregon, Voila Coffee Founder Kent Sheridan saw a craft coffee culture bubbling up. He fell in love with specialty coffee – so much so that he carried a backpack with all of his coffee equipment: hand grinder, scale and kettle. Trying to...

Retail
Has Eating Local Has Hit A Tipping Point?
May 10, 2019

Consumers, particularly those who are environmentally conscious, love locally-grown food. Better for the planet, better for local farmers and (devotees report) better tasting, “eating local” has become something of a trend in consumption over the last several years. Get the Full Story Complete the form...