News

Banking
Large US Banks Are Raising Teller Wages
August 27, 2018

Even with mobile apps and banking robots, bank tellers are not going away: While conventional wisdom suggests that the job may be in decline, anecdotal evidence suggests otherwise, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Walmart.com Launches Moosejaw-Curated Outdoor Shop
August 27, 2018

Walmart has announced that “Moosejaw Madness” is officially coming to Walmart.com as the mega-retailer launches its new premium outdoor shop, curated by Moosejaw. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retailers Think Outside the (Jewelry) Box
August 27, 2018

Who said vending machines were good for just low-dollar candy and pop? Consumers think nothing of purchasing $1,600 luxury designer jewelry — from a vending machine in a park. In the August Unattended Retail Tracker, jewelry designer Marla Aaron explains what it takes to sell...

Payments Innovation
How To Fix Healthcare Payments
August 27, 2018

Back in the good old days of healthcare, the employer paid for all (or most) of the freight, and the out-of-pockets for consumers were tiny — about 5 percent. When patients didn’t pay (and many didn’t to the tune of $60 billion in write-offs annually), it...

Retail
The Esoteric Economics Of Feeling The Burn
August 25, 2018

The Burn is upon us. 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...

Cross-border Payments
China Seeks To Encourage Credit Flows With Loans
August 24, 2018

To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or $22 billion – into the banking system. The government made the move on Friday (Aug. 24) by making loans to commercial banks, Financial...

Global Payments
Silk Way Bank Unveils SWPay; Alipay Takes Steps To Prevent Fraud
August 24, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Silk Way Bank’s launch of a new project for cashless payments. In addition, China’s Alipay is working to step up efforts to monitor its platform for peer-to-peer crypto trading transactions,...

Payment Methods
In China, Credit Cards And Mobile (And Beyond), Payments Yin And Yang
August 24, 2018

The yin and yang concept, born in China, can be applied to so many things. 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,...

Retail
1-800-Flowers.com’s Expansive Goals For Gifting
August 24, 2018

1-800-Flowers.com has had a year focused on expanding its brand – and building a gifting ecosystem designed to be consumers’ first (and hopefully last) destination when they are getting ready to gift. Flowers are a good start, though of course 1-800-Flowers does a lot more than...