News

B2B Payments
The Cybersecurity Threat Of GDPR
April 12, 2019

The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. Designed to safeguard consumers with greater transparency into how, when and by whom their personal data is collected, GDPR, though based in EU, has a global...

Ridesharing
Uber’s Growth Slowed But Sees $12 Trillion Market Opportunity
April 12, 2019

Uber notched a 35 percent year-over-year gain in customers in the last quarter of 2018, but growth slowed in its ride-hailing business; it came in at $2.3 billion in the fourth quarter, flat when compared to the third quarter of 2018. Get the Full Story Complete...

Digital Banking
Small Banks Grow Frustrated With Core Providers
April 12, 2019

Small banks that rely on technology providers Fiserv, FIS and Jack Henry & Associates are starting to revolt, arguing the companies are making it more difficult for them to compete against larger banks. Get the Full Story Complete the form to unlock this article and...

International
Nonbank Lending Hits $52T, With US Assets At $15T
April 12, 2019

Nonbank lending – also known as “shadow banking” – has seen its assets hit $52 trillion, despite the fact that the sector poses significant risks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Instacart Loosens Availability Requirements For Shoppers With New On-Demand Option
April 12, 2019

Grocery delivery startup Instacart has introduced a new option for its workers, according to reports: on-demand shopping. 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...

Ridesharing
Uber Rival Didi Debuts FinServ For Car Lease Firms
April 11, 2019

Chinese ridesharing company Didi Chuxing is diversifying its business amid massive regulatory changes in China that make it harder for riders to work for the company, according to TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Global Payments
Ant’s Xiang Hu Bao Brings In 50M Users; Bristol Leads UK In Contactless Payments
April 11, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes a ranking that shows Bristol as the top city for cashless transactions in the United Kingdom. In addition, Google is reportedly working with MMTC-PAMP to let Google Pay users buy...

Retail
Rite Aid To Quit E-Cig Sales, Add CBD Items In Select States
April 11, 2019

Rite Aid said it will no longer sell electronic cigarettes amid what it calls an “epidemic” of teen vaping, and that it will start selling cannabidiol (CBD) products in Washington and Oregon, according to a report by CNBC. Chief Operating Officer Bryan Everett told analysts...

Banking
IMF Head Sees Cryptos ‘Shaking’ The System — But Will Banking Stay Shook?
April 11, 2019

To quote a rock ‘n’ roll poet (Jerry Lee Lewis): Whole lotta shakin’ going on. 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,...