News

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 —...

Security & Fraud
India ‘Millionaire’ Crypto Scam Tricks Victims Out Of $250K
February 26, 2019

A man in India tricked 12 people out of $250,000 with a scam involving a fake cryptocurrency named after the Indian version of the show “Who Wants To Be A Millionaire,” according to reports. Get the Full Story Complete the form to unlock this article...

Banking
HSBC Expands PayMe To Businesses With Beta Test
February 26, 2019

HSBC, the U.K. bank, has started beta testing of its PayMe System, a digital payment system for businesses. 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...

Partnerships / Acquisitions
Walmart Buys Israeli Startup Focused On Natural Language Processing
February 26, 2019

Walmart announced Tuesday (Feb. 26) it has acquired Aspectiva, the Israel-based startup that is focused on natural language processing capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
When The Appliance Is Meal Kit Services’ Key Ingredient
February 26, 2019

As meal kit providers are promising easy-to-cook recipes, some startups are designing their services around specific appliances. Presto Eats, for example, is creating selections with multicookers in mind. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Reinventing The Baby Care Market With Exclusive ‘Premium’ Brands
February 26, 2019

Major retailers are pitching premium baby care products at a less-than-premium price tag with the help of exclusive brands: Walmart is offering Hello Bello exclusively at its stores and its website (and that of the brand). The brand seeks to position itself as a value-oriented...