News

Retail
Second Amazon Go Store Comes To NYC
June 11, 2019

Marking its 13th Amazon Go location in the United States, Amazon’s newest cashierless store has reportedly gone into service. The 1,700-square-foot space, which is in Midtown Manhattan at 300 Park Ave., comes after the online retailer opened one of the concept locations in New York...

Retail
Green Growth Brands Launching 70 Shops At Brookfield Shopping Centers
June 11, 2019

Green Growth Brands (GGB) announced it has entered a deal to open more than 70 new locations at Brookfield Properties‘ shopping centers throughout the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Why Aren’t More FIs Using AI To Fight Fraud?
June 11, 2019

Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has been used by financial institutions (FIs) to great effect. In fact, a typical consumer who gets a fraud alert might not even know there was an algorithm working behind...

B2B Payments
Patisserie Valerie Ex-Chairman Claims No Knowledge Of Fraud
June 11, 2019

The former chairman of U.K. café chain Patisserie Valerie said he had no idea of any fraud occurring within the business, distancing himself from the ongoing financial scandal that has pushed the company into administration. Get the Full Story Complete the form to unlock this...

B2B Payments
How Banks Balance New SMB Tech (Without Nixing The Old)
June 11, 2019

The U.S. banking industry is an ever-evolving machine, shaped and disrupted by FinTech, regulation and shifting customer expectations. Until recently, these changes rarely impacted the small business (SMB) financial services (FinServ) sphere: Among the biggest challenges for entrepreneurs is accessing bank services that are smaller...

B2B Payments
Thai Bank Walks Back On Ripple XRP Plans
June 11, 2019

Thailand’s Siam Commercial Bank won’t be using Ripple’s XRP technology despite earlier announcements of such plans. According to reports in BlockTribune on Monday (June 10), Siam Commercial Bank (SCB) retracted a previous statement that it was planning to integrate use of Ripple’s XRP token to...

B2B Payments
PayCargo Adds Payment Processing To Unisys Logistics Platform
June 11, 2019

Electronic invoicing and settlement solutions provider PayCargo, which targets the shipping and logistics industry, will integrate payments processing into Unisys Corporation’s Digistics solution, the companies announced this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Factris Debuts Enhanced SMB Factoring Platform
June 11, 2019

Netherlands-based Factris is launching an enhanced version of its Finance Automation for Business platform, the company announced Monday (June 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Italy Considers Mini-BOTs To Pay Gov’t Vendors, Igniting Debate
June 11, 2019

Amid rising scrutiny over government debt and longer payments to contractors, Italy has churned up debate with its consideration of so-called mini-bills to pay state debts, a proposal that has critics worried about the potential ramifications of such a plan. Get the Full Story Complete...