News

Artificial Intelligence
Samsung Rolls Out Babylon AI Doctor
May 31, 2018

Babylon, the digital health startup out of the U.K., inked a deal with Samsung in which it will provide consumers with access to artificial intelligence-enabled doctors via smartphones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Loyalty & Rewards
Chase Dials Back Sapphire Reserve Card Perks
May 31, 2018

Chase has decided to stop offering price protection as a perk on its Sapphire Reserve card. 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...

Investments
Electric Scooter Startup Bird Looking To Raise $150M
May 31, 2018

Bird, an electric scooter-sharing startup, is trying to raise $150 million in a funding round that will bring its valuation to $1 billion to become the first scooter unicorn. According to Bloomberg, the round is being led by Sequoia Capital — and sources say the company...

Retail
Walmart Sends Its Workers To College
May 31, 2018

Walmart is sending its employees to college in an effort to get them to stay with the company. 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...

Banking
Citigroup Spends Billions On Tech To Keep Competitors At Bay
May 31, 2018

Citigroup Chief Executive Michael Corbat disclosed Wednesday (May 30) that around 20 percent of the New York national bank’s expenses go for technology — which amounted to greater than $8 billion last year. Get the Full Story Complete the form to unlock this article and...

South Asia
Are Private Labels The Key To Cracking The Profitability Of Indian eCommerce?
May 31, 2018

In 2016, 95 percent of transactions in India were done in cash and there were approximately 60 million online shoppers, representing about 14 percent of the nation’s internet-using base, according to a late 2017 report by Morgan Stanley. Get the Full Story Complete the form to...

Payment Methods
Gaming Accounts For $12B In PayPal’s Payment Volume Worldwide
May 30, 2018

Online games and eSports are becoming an important segment for payment providers: Gaming now accounts for more than $12 billion of PayPal’s total payment volume worldwide, for example. That figure marks an increase of more than 23 percent year over year in 2017, PayPal reported...

News
Five At Five: Walmart’s Plans For Drones And Inventory
May 30, 2018

Welcome to Five at Five, your late look at payments and commerce news that you might have missed. Today we take a look at what Walmart wants to do about drones and inventory tracking, and how the job market looked this spring. Acorns has an...

Investments
Tradeshift Raises $250M, Gets $1.1B Valuation
May 30, 2018

Tradeshift, the supply chain payments, and marketplaces company announced Wednesday (May 30) that it is raising $250 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments). Get the Full Story Complete the form to unlock...