After financial startup Loot reportedly went into administration in May, Loot Founder Ollie Purdue is reportedly becoming a part of a digital bank being developed by RBS-owned Natwest called Bó. Purdue is said to lead product development for the brand and become chief product officer,...
With U.S. export blacklisting along with other actions against Huawei Technologies Co., Founder Ren Zhengfei expects revenue to be roughly $100 billion this year — down from last year’s approximately $107 billion. Zhengfei had previously targeted $125 billion for revenue this year, The Wall Street...
The rise of faster payment systems has become a global phenomenon. In the past few years, several global markets have invested resources into developing payment systems and infrastructure that enable funds to be delivered in real-time and that operate on a 24/7 cycle. The U.K.,...
This past week saw the Consumer Financial Protection Bureau (CFPB) offer up highlights of Kathleen Kraninger’s six-month tenure as director. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The smart technology field continues to be hampered by security issues even as solutions in the space are put to use in many cases. In pet technology news, Pawscout is helping owners find their wayward pets with a Bluetooth-enabled tag as pet retail becomes a...
The wonders of AI and learning algorithms are often touted at length in the payments and commerce industry. With the transformative power of smart machines, the pitch goes, commerce can be faster, safer, smoother, more individualized and easier for everyone involved. Get the Full Story...
In the farm-to-table space, chefs (and consumers) might find it challenging to source local produce as producers may typically only supply one type of product. There might be one producer that grows a certain type of vegetable, while another company might bake bread. One producer...
Is the store register on its way out in favor of other retail and payments innovation? 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...
To bring autonomous pizza delivery to Houston, Domino’s Pizza and robotics company Nuro are teaming up to use a custom unmanned vehicle dubbed R2 later in 2019. The fleet from Nuro will serve certain Domino’s customers in Houston who place their orders online, the company...
