Massachusetts Institute of Technology (MIT), aiming to take a lead in educating on artificial intelligence, machine learning and advanced computing, is creating a new college called MIT Stephen A. Schwarzman College of Computing with a planned investment of $1 billion. Get the Full Story Complete...
American Express has announced a partnership with U.K.-based alternative lending platform Ezbob as it continues to broaden its small business financing offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Singapore’s Nets PayCollect rollout. In addition, Xero is working with GoCardless in New Zealand on payment collection, and Tappy Technologies is teaming up with Etisalat for wearable payments in the UAE....
With consumers turning to eCommerce retailers to order all sorts of valuable merchandise, package theft has become a pervasive problem. According to one estimate, a sizable 30 percent of consumers have reported losing a package to a porch pirate. To tackle this problem, retailers and...
As the market for delivering dinner has heated up globally, U.K.-based food delivery platform Deliveroo has established a strong foothold among its global customer base. In the last year, the platform’s sales have doubled to $364 million (£277 million). The problem is that all of...
It’s a tale of two malls: With closings of large anchor stores on the horizon, some mall owners would welcome the opportunity to find more profitable tenants. Other mall owners, however, find the loss of anchor stores to be a challenge. Either way, the news...
Falling short of economists’ expectations, retail store and restaurant sales grew by only 0.1 percent from August to September to reach a seasonally adjusted figure of $509 billion. By contrast, economists have predicted a month-over-month rise of 0.7 percent, The Wall Street Journal reported. Get...
Software company 1E raised eyebrows in 2016 when it released a report warning that businesses have wasted a collective $28 billion in the U.S. alone as a result of unused software purchases and subscriptions. At the time, 1E estimated that 38 percent of software procurement is...
When Maryland Attorney General (AG) Brian E. Frosh issued a warning to the state’s small business (SMB) owners last week, he shed light on the fact that, despite business owners’ rising focus on cyberattacks, some scammers continue to use legacy tactics to target their victims....
