News

Banking
Lloyds To Cut And Add Jobs In Infrastructure Digitization Effort
November 06, 2018

Lloyds Banking Group is expected to announce plans this week to create 8,000 jobs as part of a £3 billion transformation and technology investment program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Why Real-Time Payments Need Real-Time Trust
November 06, 2018

It can be a moment of anxiety, worry and mistrust: that moment when a digital payment is sent into what was once called the ether. Will the funds end up in the right bank account? Will fraudsters hitch a ride? Those and other questions can...

Cross-border Payments
Why ‘Micro-Multinationals’ Should Worry About FX Risk
November 06, 2018

Even the smallest firms today are peddling their wares on Amazon, entering new markets and navigating the waves of FX volatility that can swamp top and bottom lines.  Karl Schamotta illuminates the ways that firms large and small -- call them micro multi-nationals -- can be...

Cross-border Payments
Tencent To ID Chinese Gamers
November 05, 2018

China’s Tencent Holdings will require users to show proof of their ages and identities against police records in order to play its video games. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cross-border Payments
Africa’s Internet-Connected Population Provides Opportunity For Mobile Money
November 05, 2018

In many parts of sub-Saharan Africa, almost 90 percent of all payments and transactions are based on cash. But there is a large opportunity to increase mobile money penetration, as two-thirds of the region is adopting mobile phones. Companies like Cellulant are tapping into this...

News
Five At Five: Apple Cuts Some iPhone Production
November 05, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest about Apple’s plans for iPhones and President Trump’s plans for Big Tech. A convenience store chain rolls out scan-and-go, Ingenico has new leadership and news...

Retail
Sears’ Lampert Will Not Fund Bankruptcy Financing Package: Report
November 05, 2018

The time for retail nostalgia is over. Now, for Sears, comes the bankruptcy process — and as reported on Monday (Nov. 5), the chain, according to Reuters, “is nearing a deal with new lenders to increase a bankruptcy financing package to as much as $600...

Payment Methods
7-Eleven Rolls Out Scan-And-Go For Dallas Customers
November 05, 2018

Convenience store operator 7-Eleven is rolling out scan-and-go options for customers in 14 stores in Dallas later this week, with an aim to equip all of its U.S. stores with the technology by next year. Get the Full Story Complete the form to unlock this article...

Retail
When Shopkeepers Moonlight As Marketplace Luggage Concierges
November 05, 2018

Travelers may face a dilemma when they explore a city: they might want to see the sights, but they have luggage that they can’t store in a vacation rental. To help create a marketplace solution to this problem, Sid Khattri developed an online platform called...