News

eCommerce
eBay Nearing A Settlement With Activist Investors Elliott Management, Starboard
February 27, 2019

eBay is close to reaching a settlement with Elliott Management and Starboard, the two activist investors that have been calling for change at the online auctioneer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
UK Retailers Press For Commercial Card Interchange Fee Caps
February 27, 2019

The European Union’s (EU’s) battle against U.S. card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered...

Omnicommerce
Why Retail Needs To Better Tap The Power Of Chat
February 27, 2019

Given its reach into literally every corner of the globe, it is not much of an exaggeration to say that we are living in the era of chat.  Some 5.8 billion people use chat apps of one kind or other — roughly 76 percent of...

Partnerships / Acquisitions
Fed Promises Thorough Scrutiny Of BB&T’s SunTrust Buy
February 27, 2019

The Federal Reserve Chairman has vowed that U.S. regulators will conduct a “thorough” review of BB&T Corp.’s planned merger with its rival SunTrust. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Youth Sports: Don’t Wink At The Ref — Just Pay Them Faster
February 27, 2019

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 this form, you agree to receive marketing communications from PYMNTS and...

Retail
Costco Slips Past Amazon In Annual Customer Satisfaction Survey
February 27, 2019

A new survey found that Costco Wholesale has beat out Amazon in customer satisfaction. The annual American Customer Satisfaction Index (ACSI) survey shows that, after taking the top spot in customer satisfaction in the eCommerce space since 2010, Amazon dropped 4 percent to an ACSI score...

Regulation
FTC Takes Fresh Aim At Big Tech — And Its Previous Mergers
February 27, 2019

It’s a process that stands not only as a familiar feature of U.S. history, but a part of global economic development stretching back centuries: First comes innovation, then comes growth based on that innovation (not just economic, but cultural and other forms of growth), then...

Investments
Tim Armstrong Backs DTC Lingerie Co ThirdLove In $55M Fundraise
February 26, 2019

A direct-to-consumer lingerie startup has raised $55 million in a funding round that includes investors like the former AOL CEO Tim Armstrong and broadcaster Katie Couric, according to reports. “ThirdLove is the triple threat,” Armstrong said in an email to TechCrunch. “They have great margins, own...

Mobile Payments
AlipayHK Expands With Cross-Border Payments To Japan And Greater Bay Area
February 26, 2019

AlipayHK users will soon be able to use the service in parts of Japan and Southern China, the company said on Tuesday (Feb. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...