News

Security & Fraud
Canadian Lender Hit With Data Breach Impacting 2.9M
June 21, 2019

Canadian lender Desjardins Group revealed that it has been the victim of a data breach that could impact more than 2.9 million members. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Partnerships / Acquisitions
Waymo Partners With Renault, Nissan For Driverless Mobility Services
June 21, 2019

Waymo has announced that it is partnering with Renault and Nissan to explore all aspects of driverless mobility services for passengers and deliveries in France and Japan. The collaboration enables Waymo to initially research commercial, legal and regulatory issues related to Transportation-as-a-Service, with the aim...

Payment Methods
Can Legal Pot Thrive With Closed-Loop Payments?
June 21, 2019

People can say what they will about the wisdom of legal retail sales of marijuana (we here at PYMNTS take no position), but the payments knot that the cash-dominated industry is dealing with is leading to some improvisation, and even government-backed experimentation. The latest example...

Banking
For FI Account Openings, Serving The ‘Segment Of One’
June 21, 2019

A disconnect looms in financial services, one that can doom relationships between financial institutions (FIs) and customers from the beginning. Studies have shown that 70 percent of applicants want to open their accounts digitally. However, less than half of traditional FIs are able to let...

Faster Payments
Payment Apps For When The Marriage Is Over
June 21, 2019

It’s not enough to build a real-time payment system if financial institutions (FIs) don’t implement the offering, and extend instant payment services to customers. Getting major FIs on board, and actively engaging with a new payment rail, is critical to achieving the widespread availability needed...

Retail
Kroger’s Private-Label Grocery War Advantage?
June 20, 2019

To compete in the grocery wars and gain market share from competitors such as Aldi, Amazon and Walmart, supermarkets are bolstering their private-label efforts. One of Kroger’s most powerful competitive advantages is the company’s own brand products, Chairman and Chief Executive Officer Rodney McMullen said...

B2B Payments
Bill.com To IPO
June 20, 2019

B2B payments company Bill.com is gearing up to go public just weeks after announcing an $88 million investment round, Business Insider reported Thursday (June 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Slack, Like Spotify, Chooses Direct Listing To Go Public
June 20, 2019

Messaging company Slack is planning to use a direct listing method to go public instead of an IPO, according to CNBC. A direct listing, which Spotify used when it went public in April of 2018, means that Slack won’t have to use underwriters (go-betweens that...

B2B Payments
GIACT Ups Fraud Game With Equifax Analytics
June 20, 2019

Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...