Wells Fargo Merchant Services has decided to simplify the prices it charges small businesses (SMBs) to accept credit and debit card transactions to compete with startups like Square. According to Bloomberg, the changes are for SMBs that process $100,000 a year or less, getting rid...
Deliveroo, the U.K. delivery service locked in a cutthroat battle with rival Just Eat, will let restaurants use their riders for orders that are placed through its food app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Dutch payment processing firm Adyen raised 947 million euros ($1.1 billion) for its investors in the biggest technology IPO in Europe so far this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A startup in the United Kingdom called Marshmallow has raised $1.2 million in seed funding as it tries to use digital technology to lower auto insurance costs for foreign-born drivers there. The new capital comes amid a wider push in Europe to bring more standardization...
Instagram, the Facebook-owned photo-sharing social network, announced Tuesday (June 12) that it is expanding shopping beyond Feed to Instagram Stories. 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...
Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today, you can read about the latest retail investment — and it’s a big one — in distribution, along with Walmart’s move into podcasting. Arm is buying a...
For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. The converse is also true, of course, as inefficiencies can paint bottom lines a stark shade of red. Get the Full Story Complete the...
Bank of America announced Tuesday (June 12) that Erica, its AI voice-activated virtual financial assistant that is available through its mobile banking app, has surpassed one million users. In a press release, Bank of America said the milestone was achieved within two months of completing...
Retailers face a balancing act when it comes to high-value and high-shrink items: How do they protect these items against theft, without sacrificing sales? These items are sometimes kept behind glass – under lock and key, no less – and this setup means that consumers...
