News

Cross-border Payments
Trump Backs Off Initial Plan On Chinese Tech Investment Ban
June 27, 2018

In remarks to White House reporters, President Donald Trump said he supports U.S. Treasury Secretary Steven Mnuchin’s more measured approach to limiting Chinese investments in U.S. tech companies. Earlier this week, it was reported that the Treasury Department was gearing up to announce rules that...

Retail
eBay Continues To Accept PayPal Credit
June 27, 2018

eBay and PayPal announced they have extended their credit agreement so that eBay will continue to accept and promote PayPal Credit on its Marketplace platform. “As part of our strong partnership with PayPal, we are pleased to continue to offer PayPal Credit to the millions...

Cross-border Payments
Swedish Mobile Wallet Maker Recruits Ex-Ikano Bank Execs
June 27, 2018

Plexian, the Swedish FinTech company, announced Tuesday (June 26) that it is strengthing its management team by getting a new chief executive and chief technology officer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
How PNC Is Adapting To The Rise Of AI
June 27, 2018

More than 90 percent of FIs will use AI technology by 2024, but banks risk breaking their user experience as they race to embrace AI, says Chris Ward, EVP at PNC Treasury Management. In the latest Digital Banking Tracker, Ward tells PYMNTS why boosting processing...

News
Five At Five: Amazon Expands Food Deliveries
June 26, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes a look at an Amazon delivery move and the reconsideration of a federal payday rule. Toys R Us is nearing the end — or is it? — CashShield has...

Investments
CashShield Raises $20M In Latest Round Of Fundraising
June 26, 2018

CashShield, an online fraud management solution for mid- to large-sized enterprises, announced  Tuesday (June 26) it raised $20 million via a round of fundraising. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Shopping Holidays Bring In Billions For eCommerce Retailers
June 26, 2018

Holidays aren’t just for marking centuries-old traditions or historic milestones: Retailers are creating their own new-age eCommerce celebrations and bringing in big bucks in the process. Chinese retailer JD.com, for example, had a record-breaking shopping event this month. Get the Full Story Complete the form...

Retail
Amazon Announces Next Whole Foods Delivery Expansion
June 26, 2018

Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Self-Service Kiosks Boost Consumer Spending By 30 Percent
June 26, 2018

With the introduction of kiosks, quick-service restaurants (QSRs) are speeding up the traditional ordering process. But these devices can do more than allow customers to get their burgers faster: They can actually recognize customers and know what kind of burgers they want to order. Get...