News

Payments Innovation
How Airline Loyalty Points Work As Currency
September 25, 2018

When it comes to using loyalty points as a currency, some might underestimate the difficulty of such an application: “People kind of shrug,” Modo CEO Bruce Parker told PYMNTS.com in an interview. They think that “deploying loyalty points and redeeming them for stuff seems like something...

Payment Methods
eBay Flips The Switch On Mediating Payments
September 25, 2018

eBay announced on Tuesday (Sept. 25) that it has started managing payments on its Marketplace platform in the U.S. 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...

Cross-border Payments
Turo Sets Its Sights Overseas With Expansion Into The U.K.
September 25, 2018

Turo, the peer-to-peer car sharing marketplace company in San Francisco, has set its sights overseas, reportedly expanding into the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Emergent Technology Invests In Trust Stamp To Verify Identities
September 25, 2018

Emergent Technology, the blockchain technology company, announced on Tuesday (Sept. 25) that it has made a strategic investment in T Stamp Inc. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Sears CEO Wants To Restructure Debt, Sell Assets
September 25, 2018

In an effort to avoid bankruptcy, Sears CEO Edward Lampert is pitching a rescue plan: He wants the retailer’s board to sell assets and creditors to refinance debts, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...

Retail
Whole Foods Supplier Embraces Robotic Farming
September 25, 2018

To supply retailers such as Whole Foods and U.S. Foods with greens, 80 Acres Farms is constructing a “fully automated indoor farm.” The project’s reported cost is in the range of $10 million to $15 million, CNBC reported. Get the Full Story Complete the form...

Retail
With Audi Select, Automaker Pilots Subscription Rentals
September 25, 2018

Luxury automakers are test driving new business models: Audi has announced a pilot program dubbed Audi Select that allows customers to borrow from a small selection of vehicles. The service, which made its first appearance in five Dallas-Fort Worth area dealerships, gives customers access to...

Retail
ALDI And Grocery Competitors Poised For Online-Offline Evolution
September 25, 2018

Grocers are expanding their in-store and online offerings as they compete with other retailers in a crowded space. Aldi, in particular, recently announced the expansion of its online grocery delivery service to all of its stores in the United States. To that end, the German...

B2B Payments
Barclays Debuts Digital Platform For EU Corporates
September 25, 2018

U.K. bank Barclays is expanding its European operations with the launch of a digital corporate banking portal, reports in IBS Intelligence said on Monday (Sept. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...