News

B2B Payments
Hong Kong’s New Faster Payment System Marred By Fraud Claims
October 26, 2018

Hong Kong’s Faster Payments System (FSP) has only been live for a few weeks, but already it’s facing claims regarding allegations of fraudulent use. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
State Bank Regs File Suit To Block OCC’s Bank Charter
October 26, 2018

More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. Get the Full Story Complete the form...

News
Five At Five: Facebook Makes Its Augmented Reality Move
October 25, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes a big Facebook tech move, and a pending rules change for big banks in the U.S. Walmart and Amazon expand their retail and fulfillment options, and there...

Retail
Apple Gearing Up To Open Second Southeast Asia Store In Thailand
October 25, 2018

Apple is expanding its presence in Southeast Asia, choosing Thailand as the home for its second Apple Store in Southeast Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Nest Rival tado° Raises $50M From Amazon, Others
October 25, 2018

Munich-based tado°, the intelligent home climate management company, announced on Thursday (Oct. 25) that it has landed a $50 million investment from investors, including Amazon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
How thredUP Is Hoping To Kick Off An Upcycling Trend
October 25, 2018

Apparel, as an industry, is not terribly good for the environment. 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...

Retail
How AI Is Helping Hotel Apps Get Onto Travelers’ Radar Screens
October 25, 2018

With the help of travel experts, hotels can tap into a new channel to drive online bookings: Travelers can be inspired to book a reservation after seeing a photo or recommendation from a knowledgeable explorer. In that spirit, SIX Travel provides explorers with a curated...

Retail
How Retailers Are Riding The Smart Speaker, Voice Ordering Wave
October 25, 2018

To help consumers order and pay for the items they love, retailers are turning to technology that provides shoppers an alternative to visiting a store or tapping through a mobile app. That is, retailers are turning to the world of voice-enabled commerce. A diverse group...

Retail
Consumer Spending To Top $1,000 Over Holidays
October 25, 2018

In the upcoming holiday season, a National Retail Federation (NRF) survey found that consumers are expected to spend an average of $1,007.24. The figure marks a 4.1 percent increase from last year when consumers said they would spend an average of $967.13, the NRF said...