News

Retail
Jet.com To Offer Blue Apron Recipe Kits
February 06, 2019

Blue Apron has introduced a brand-new offering called Knick Knacks, which are specialty recipe ingredient kits that let people combine a chosen protein and produce. They also come with step-by-step recipes to prepare the meal, according to reports. John Adler, VP of culinary at Blue...

Retail
JCPenney Stores To Stop Selling Appliances
February 06, 2019

Legacy retailer JCPenney has announced that it won’t sell major appliances after Feb. 28, “in order to better meet customer expectations, improve financial performance and drive profitable growth,” the company said in a blog post. Get the Full Story Complete the form to unlock this...

Investments
Lime Raises $310M For Micromobility Expansion
February 06, 2019

Lime, an on-demand electric scooter and bicycle startup, said on Wednesday (Feb. 6) that it had raised $310 in a Series D round of financing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

eCommerce
Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding
February 06, 2019

Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
CFPB To Overhaul Payday Lending Rule
February 06, 2019

As part of a move to revise a payday loan regulation from the Obama era, the Trump administration on Wednesday (Feb. 6) revealed a plan to remove a provision that would make it harder for companies to provide customers with high-cost loans, according to a...

Partnerships / Acquisitions
Carvana, BoA Team Up For Online Car Sales
February 06, 2019

In an effort to bring customers an easier and more streamlined online car buying experience, Carvana, an online-only used car dealer, has teamed up with Bank of America, according to a release from the companies. “We always want to give our customers an exceptional experience,...

Investments
Funds Flow in Southeast Asia, Giving Tech Unicorns Wings
February 06, 2019

In Asia, the marquee names seem to be ones that are attracting attention when it comes to investors’ appetites — and money! — and so they are big, and getting bigger. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
Bank Of America Rolls Out Digital Tool For Entrepreneurs
February 06, 2019

Bank of America announced on Wednesday (Feb. 6) the launch of Business Advantage 360, a digital dashboard aimed at helping entrepreneurs manage their business finances. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Hackers Employed By China Infiltrate Norwegian Software Company Visma
February 06, 2019

Hackers employed by the Chinese government were able to get into the network of Visma, a Norwegian software company, to steal client secrets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...