News

Banking
New Scoring Models For The Underserved Gaining International Attention
July 03, 2018

The majority of Americans don’t dedicate much time to routine access to financial services. About 77 percent of American adults are able to have all of their financial service needs met by the mainstream market – in fact, those providers compete for their business. Get...

Artificial Intelligence
AI And Credit Unions: A Tool, Not Just Tech
July 03, 2018

Across the U.S., there are 5,757 credit unions with 103.992 million members – and it’s been reported by the Credit Union National Association (CUNA) that roughly 45.4 percent of the nation’s financially active adult population receives some financial services from a credit union. Get the Full Story Complete the form to...

Banking
Monzo Could Reach 1M Users In Months
July 02, 2018

Monzo, the digital bank in the U.K., could reach 1 million users in a matter of months, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

News
Five At Five: Facebook Grants More Data Access
July 02, 2018

Welcome to Five at Five, your daily look at the freshest payments and commerce news. Coverage includes the latest on Facebook’s data-sharing policies, along with a deal that could shake up the procurement world. Meanwhile, the U.K. moves toward more payment consolidation, major retailers eye...

Cross-border Payments
China Commerce Minister: Market Access For Foreign Investors To Widen
July 02, 2018

Amid the back-and-forth of a global trade war, illustrated perhaps most keenly between China and the United States, China will seek to boost market access, which the country’s Commerce Minister Zhong Shan said Monday via published comments. The minister’s remarks were carried in the state-run...

Merchant Innovation
MoviePass Parent To Sell Up To $1.2B In Equity, Debt To Fund Growth
July 02, 2018

Helios and Matheson Analytics, the parent company of movie ticket subscription service MoviePass, announced on Monday (July 2) that it will sell up to $1.2 billion of equity and debt securities over the course of three years. Get the Full Story Complete the form to unlock...

Retail
Reeling In Shoppers With A Digital Take On Layaway
July 02, 2018

What to do for the shopper with champagne tastes — and a beer budget? 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...

Walmart, Target Eye Automation To Improve Customer Service
July 02, 2018

To boost customer service, look to the robots? The Wall Street Journal (WSJ) reported that retail giants, such as Walmart and Target, want to automate some operational functions, with an eye on giving staff more time to personally attend to consumers. For Target, it’s a matter of...

Delivery
The Future Of Retail Deliveries With Autonomous Vehicles
July 02, 2018

When it comes to online orders, retailers selling groceries — or even takeout food — face a constant balancing act: How can they quickly deliver orders at a reasonable price? As self-driving cars become more of a reality and less of a distant dream, autonomous...