News

Regulation
US Commerce Dept Eyes AI Export Reg
January 02, 2019

New technologies face numerous tests that go beyond whether they work. Will consumers use them for daily or near-daily tasks? Are there pragmatic business models associated with them? How will they scale? Get the Full Story Complete the form to unlock this article and enjoy...

Global Payments
National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service
January 02, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes The National Bank of Kuwait’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. In addition, UCPB launched its InstaPay service in The Phillipines, and...

Security & Fraud
Equifax Faces Scrutiny As Dems Take Over The House
January 02, 2019

Equifax and the other credit-reporting companies could end up in the crosshairs of lawmakers as Democrats gain control of the House of Representatives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
Tighter Reg Shrinks China’s P2P Lending Mkt By 50 Pct In 2018
January 02, 2019

The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
IBM Predicts 3 Pct Retail Revenue Rise In 2019
January 02, 2019

Following a strong holiday shopping season, the IBM 2019 Retail Forecast suggests that retailers will experience a 3.04 percent rise in year-over-year revenue this year. The report indicated growth among different categories from restaurants to health and personal care, Chain Store Age reported. Get the...

Retail
2018: The Year Of The Subscription
January 02, 2019

It has been a year of subscription innovation, with businesses in many verticals – from food to transportation – providing consumers with products and services for a recurring fee. Below, PYMNTS rounds up the top subscription trends of the year and sheds light on how...

Retail
Sweetgreen’s Plans To Build A ‘Food Platform’ On eCommerce Principles
January 02, 2019

Like many innovators, the founders of Sweetgreen were simply trying to solve a problem — and along the way managed to build a business around the solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Eddie Lampert Submits $4.4B Bid To Save Sears
January 02, 2019

In an effort that could help preserve 425 locations and the jobs of up to 50,000 workers, Sears Holdings Corp. Chairman Eddie Lampert made a takeover bid of $4.4 billion for the company. The bid was placed by Transform Holdco LLC, an affiliate of the...

B2B Payments
Visa, Mastercard, Amex Stake Their Bets On B2B
January 02, 2019

When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all,...