News

Retail
How Down To Shop Channels Infomercial Love Into A QVC-For-Gen-Z App
May 24, 2019

Home shopping tends to take a lot of teasing. However, even in the eCommerce world of 2019, it still manages to be a surprisingly lucrative and competitive space. For example, Qurate Retail, Inc. — parent firm of the two largest home shopping networks, QVC and...

B2B Payments
Bottomline Technologies Discovers ‘Leading Strategy’ Of FinTech Partnerships In Survey
May 24, 2019

Across the business-to-business (B2B) payments landscape, results of a Bottomline Technologies survey found that partnering with FinTechs will be the strategy of choice for a majority of banks and a growing number of corporates. The company recently unveiled its 2019 B2B Payments and Working Capital...

Partnerships / Acquisitions
Vodacom, Safaricom To Acquire Rights To Vodafone’s M-Pesa
May 24, 2019

Kenya’s Safaricom has announced that it is partnering with Vodacom to acquire the intellectual property rights to the M-Pesa mobile financial services platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

IPO
Luckin Stock Sinks 43 Pct Post-IPO
May 24, 2019

Shares in Luckin Coffee have fallen 39 percent after its initial public offering (IPO) as investors are worried about the company’s cash-burn strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Partnerships / Acquisitions
Subscription Startup Prospress Sold To Automattic
May 24, 2019

Automattic announced that it has acquired startup Prospress. 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 newsletter, PYMNTS Today. By completing this form, you...

Payments Innovation
For Merchant Processing, A Guiding Key Principle: Reliability
May 24, 2019

Merchants that sign on with firms to process their payments expect to get their funds consistently and constantly. Neil Randel, CEO of First American Payment Systems, tells Karen Webster that, even in the age of financial service megadeals, the processing space should be ruled by...

Partnerships / Acquisitions
Volocopter To Create Prototype Of Air Taxi Landing Hub
May 24, 2019

Volocopter and Skyports announced that they are teaming up to build the first mobile Volo-Port for air taxis. The Volo-Port will be the physical landing pad for electric take-off and landing (eVTOL). The partners plan to build it in Singapore for scheduled public flight trials...

Payment Methods
Square: Most SMBs Will Always Accept Cash
May 23, 2019

Rumors of the death of cash – as in complete extinction – are greatly exaggerated. Even as digital payments gain ground, cash still remains part of the payments landscape – and its place may be permanent. Get the Full Story Complete the form to unlock this...

Security & Fraud
Kaspersky Lab Sees Spike In Mobile Banking Cyberattacks
May 23, 2019

Kaspersky Lab, a cybersecurity and anti-virus company, has reported a rise in a specific malware intended to steal money and credentials from people’s bank accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...