News

Cross-border Payments
Deep Dive: Lessons In Global Education
May 14, 2018

Although the market for international students is fraught with challenges, it’s showing no signs of slowing down. As more international students travel abroad to pursue their educational goals, the frustrations with sending tuition payments across borders are likely to mount among families and university administrators...

Delivery
Munchery Shuts Down Its Service In Seattle, NY, LA
May 14, 2018

Munchery Chief Executive James Beriker announced late last week that the company is shutting down operations in Seattle, New York, and Los Angeles. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Merchant Innovation
GasBuddy CEO: Solving Retail’s ‘Last Block’ Problem
May 14, 2018

The world of driving, we’re told often in headlines, is undergoing a major sea change. Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as...

Cross-border Payments
Transpay: Go Global, But Not Before Doing These Five Things
May 14, 2018

In many ways, eCommerce has dissolved borders, creating new expectations for business to be conducted between countries with different currencies, languages and regulations. And as the ability to send payments electronically becomes faster and cheaper with innovation, it seems like doing business globally should no...

News
Five At Five: Why Can’t Macy’s Impress Morgan Stanley?
May 11, 2018

Welcome to Five at Five, your late look at some of the freshest payments news of the day — news you might have missed. Today’s stories include a discussion on why Macy’s eCommerce success does not impress Morgan Stanley and the details behind the joint...

Payment Methods
Chinese Tourists Are Driving Global Payment And Retail Change
May 11, 2018

One of the small joys of travel is waking up a bit later than expected, then skipping the check-out desk on the way to a cab or shuttle bus, the morning off to a strong start because there was no need to wait in a line....

Investments
Ant Financial Seeks $10B In Funding
May 11, 2018

Ant Financial is planning on raising $10 billion over the next couple of days, possibly bringing in the Carlyle Group and the Canada Pension Plan Investment Board as investors, which it will primarily use for expansion overseas. The Chinese payments company is reportedly worth around $150 billion in...

Retail
Nestlé Misses Out As Frozen Food Category Heats Up
May 11, 2018

Nestlé’s three-year plan to get millennials back into frozen food was only half-cooked when consumers in their 20s and 30s started returning to the freezer aisle of the grocery store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
Jeff Bezos: Humans Are Scarier Than AI
May 11, 2018

Robots aren’t going to take over the world, but humans could use them for some scary stuff. That’s Amazon CEO Jeff Bezos’s take on artificial intelligence (AI), according to CNBC. And in the wake of Google’s latest tech revelation, many experts are agreeing with him....