News

Retail
How Neighborhood Goods Is Breathing New Life Into The Department Store Model
March 12, 2019

For physical retail, and department stores in particular, it’s both the best of times and worst of times. The headline topping the news this week was that, in 2019, more than 4,800 retail locations have or will close. Furthermore, reports of weak holiday sales results from department stores in the U.S....

Omnicommerce
Omnichannel: The Revenge Of Brick-And-Mortar
March 12, 2019

 Omnichannel’s reality has yet to catch up to its promise from years ago – to transform the way we shop, well, everywhere. NMI CEO Vijay Sondhi weighs in on the ways payments providers and merchants can transform commerce into a seamless experience, unified across all...

Banking
Helping Community Banks Turn On The Innovation Switch
March 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America (ICBA). Get the Full Story Complete the form...

Digital Banking
How Wells Fargo Uses AI, Biometrics To Fight Money Laundering
March 12, 2019

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Retail
Can Merchandise Make A Presidential Campaign?
March 11, 2019

The presidential running season, like the holiday shopping season, seems to get a little longer every time. The next presidential election is in 603 days. There might have been a time when we would have wondered if nearly two years is a bit long to...

Partnerships / Acquisitions
Fiserv Simplifies Cash Management In Smart Safes
March 11, 2019

Fiserv, a financial technology company, has partnered with cash solutions company NationalLink to simplify cash management for users, the company said in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
AML Scandals Prompt Decrease In European Foreign Deposits
March 11, 2019

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
EU Antitrust Chief Says To Regulate Data, Not Break Up Tech
March 11, 2019

European Union Competition Commissioner Margrethe Vestager said that breaking up big tech companies like Facebook and Google should be seen as a last resort, and that the better idea might be to find a way to regulate data usage. Get the Full Story Complete the...

Global Payments
India’s FSS Backs Ecentric Payment Systems; Vista Group Taps Temenos For Digital Transformation
March 11, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes India’s Financial Software and Systems (FSS) investment in South African payment processor Ecentric Payment Systems. In addition, African challenger bank Vista Group has selected banking software company Temenos to...