News

Retail
The Future Of Customer Service Is Humans And Machines Working Together
May 16, 2019

The robots are coming, and they are going to take our jobs. 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...

Investments
WeWork Announces $3B Fund To Invest In Its Own Rentals
May 15, 2019

WeWork, which recently renamed itself The We Company, has built a multibillion-dollar valuation with its business model of renting out spaces. The company now wants to expand into owning the buildings as well, according to a report from CNBC. Get the Full Story Complete the...

Security & Fraud
Porn Email Scam Nets Scammers Almost $1M In Bitcoin
May 15, 2019

There’s an email scam going around that involves scammers claiming to have webcam footage of people watching porn, with threats to release the info if not paid a hefty ransom in bitcoin, according to a report by Fortune. Get the Full Story Complete the form...

Security & Fraud
Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
May 15, 2019

The appeal of an investor who campaigns against corruption in the banking industry was rejected by Sweden on Wednesday (May 15), according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Delivery
Whole Foods And Instacart Officially Call It Quits
May 15, 2019

In a move that’s been anticipated since 2017 when Amazon acquired Whole Foods, the grocer and delivery firm Instacart have parted ways, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
OCC Will Vet Wells Fargo’s Next CEO
May 15, 2019

The U.S. Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo as the scandal-plagued bank’s new CEO, according to a report by Reuters. Get the Full Story Complete the form to...

Global Payments
Wegagen Bank Teams With WorldRemit; Hatton National Bank Unveils eWallet
May 15, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Wegagen Bank’s tie-up with WorldRemit for a digital money transfer service for Ethiopia. Hatton National Bank PLC unveiled the rollout of HNB Solo in Sri Lanka, personal remittances from overseas...

Security & Fraud
Microsoft Says Computer Bug Could Be Exploited By Malware
May 15, 2019

Microsoft has warned that a patched computer bug affecting some of the older versions of Windows could be used as a weapon in the vein of the WannaCry worm, which infected countless computers with ransomware, according to a report by The Wall Street Journal.  Get...

Partnerships / Acquisitions
HKMA, BOT Team On FinTech Initiatives
May 15, 2019

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced on Wednesday (May 15) that they have inked a deal to collaborate to promote financial innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...