News

B2B Payments
Walmart Offers Cheaper Supplier Finance For Sustainability
April 19, 2019

Walmart and HSBC are introducing a new initiative that pegs supplier financing rates to that vendor’s sustainability performances. 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...

Delivery
Convoy Go Levels The Playing Field For Small Carriers
April 19, 2019

Convoy, the trucking services company, announced Thursday (April 18) the launch of Convoy Go, a nationwide drop and hook marketplace that lets carriers and owner-operators haul pre-loaded trailers and enter the drop ship market. Get the Full Story Complete the form to unlock this article...

IPO
Pinterest Valuation Tops Nordstrom’s
April 19, 2019

Pinterest, the image search startup, made its debut as a publicly traded company Thursday (April 18) and was able to close up 28 percent from its IPO price. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Chipotle Hacked, Payment Credentials Compromised
April 19, 2019

Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers. Many customers have recently posted on social media that orders placed at the restaurant fraudulently used their payment cards during the first...

Partnerships / Acquisitions
Microsoft Acquires Express Logic To Boost IoT
April 19, 2019

Microsoft announced that it has acquired Express Logic, a leader in real-time operating systems (RTOS) for Internet of Things (IoT), and in edge devices powered by microcontroller units (MCUs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Digital Health Investments Fall 19 Pct In Q1
April 19, 2019

A new report has revealed that investments in digital health startups fell 19 percent in the first quarter of 2019. Data from Mercom Capital Group showed that investors put $2 billion into digital health startups during the first quarter of the year, less than the...

Security & Fraud
Facebook Admits Millions Of Instagram Passwords Were Exposed
April 18, 2019

Facebook admitted on Thursday (April 18) that millions of Instagram passwords were available to be seen by employees in a company-wide database, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Global Payments
KOKU Notches $2M In Funding; Citi Taps Into Biometrics In Asia
April 18, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the $2 million pre-series A raise for Singapore’s KOKU. In addition, Citi is rolling out biometric identification for institutional clients in Asia, and Chinese tourists can make payments through...

Retail
SNAP Recipients In NY Can Order Groceries From Walmart, Amazon
April 18, 2019

Big news is in the offing for Walmart, Amazon and other chains that offer grocery ordering online – they have gotten a formal “green light” from the USDA to offer that service to recipients of the Supplemental Nutrition Assistance Program (SNAP). Customers in the program will...