News

IPO
Lyft’s Rough Ride On The Stock Market Continues
April 15, 2019

It’s been a rough ride for Lyft with the approach of Uber’s initial public offering (IPO), and that dim trend continued on Monday (April 15). After a 20 percent stock price decline last week, that price hit a 52-week low on Monday – a drop that...

Global Payments
Rapyd Teams With OCBC Bank For RTP; DBS Debuts Mobile Service For SMBs
April 15, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the tie-up of Rapyd and OCBC Bank for real-time payments for shoppers in Singapore as well as online retailers. India’s PhonePe has hit a milestone on the number of digital...

B2B Payments
Mastercard Commercial Cardholders Get More Eyes On Amazon Data
April 15, 2019

Mastercard has announced it is upgrading commercial cardholders’ back-office insights by providing companies with more data for Amazon Business transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

News
Amex Delinquency Rates Flat In March
April 15, 2019

American Express, the payments company, reported Monday (April 15) that credit card delinquency rates in March were flat with February, which should be welcome news as investors look for more signs the U.S. economy could be slowing. According to a report in Seeking Alpha, American...

Regulation
EU Government Backs New Laws To Protect Creative Industries
April 15, 2019

Governments making up the European Union have backed an initiative by the European Commission aimed at protecting Europe’s creative industries, ensuring fair compensation when the likes of Google and Facebook use their content. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Lyft Rolls Out Enhanced And Continuous Driver Background Checks
April 15, 2019

Lyft, the newly public ride-hailing company, announced Monday (April 15) two new initiatives aimed at increasing the safety and security of its platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Chase Debuts eGifting From Mobile App
April 15, 2019

Chase announced Monday (April 15) that customers are now able to send gift cards via the Chase Mobile app or website. In a press release, Chase said customers can choose from more than 60 leading retailers to easily send gift cards. The feature comes with...

Retail
How Rent The Runway Hopes To Become The Amazon Prime Of Everything Rental
April 15, 2019

Children’s apparel is a big and growing market. As of 2018, according to Euromonitor research, the global children’s apparel industry is worth $203 billion — and growing quickly at 5 percent a year. Children’s clothes are in fact the fastest growing apparel category. Some of that...

Retail
Online Toothbrush Subscriptions And The Power Of Community
April 15, 2019

With the help of subscriptions and expert knowledge from the dental community, eCommerce innovators are disrupting the dental care space. BURST Oral Care CEO Hamish Khayat, for instance, told PYMNTS in an interview that he saw a “major gap in the electric toothbrush space” when...