News

Cross-border Payments
French President Calls For EU Banking And Lending Reform
April 18, 2018

Reuters reported Tuesday that French President Emmanuel Macron may seek to change the enforcement of some banking rules across Europe.  The goal of changing the way the rules are carried out, spanning the banking and insurance industries, would be to boost lending activity. Get the...

Banking
Goldman Sachs’ Marcus Has Issued $3B In New Loans Since Inception
April 18, 2018

Marcus, the consumer lending unit of Goldman Sachs, has issued $3 billion in new consumer loans since launching in October of 2016 through the first quarter of 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Risky Business: When FIs Make AI A “Black Box”
April 18, 2018

From giving consumers in the developing world access to mobile and online banking capabilities to pushing banking tech forward in hopes of creating a new world of intelligent applications, digital banking technology is turning the financial industry on its head. Get the Full Story Complete...

Vending Machines
Reis & Irvy’s Finds An Unattended Way To Sell Soft-Serve Treats
April 18, 2018

Selling desserts in grocery stores is a $25 billion business — and it’s one that Nick Yates, chairman of Reis & Irvy’s, describes as broken. Retailers spend thousands to rent and fill freezer space, only to be left hoping and praying those frozen treats actually...

Retail
Walmart Gets Support Of Flipkart Shareholders, Excluding SoftBank
April 17, 2018

Walmart, which is trying to acquire a big stake in India’s leading eCommerce player Flipkart, has reportedly convinced some of its key shareholders to sell their stakes to the retailer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Visa, SBA To Host Small Business FinTech Hackathon
April 17, 2018

Visa and the U.S. Small Business Administration (SBA) are hosting a small business (SMB) hackathon later this month to promote the development of small business solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Merchant Innovation
How Consumer-Style Business Travel Platforms Can Streamline Booking
April 17, 2018

Traditional lodging doesn’t always fit the bill for business travelers. After a long day of client meetings or conference sessions, business travelers might want to unwind in an Airbnb that feels like home instead of a staid chain hotel room. Get the Full Story Complete...

Retail
Grocers Can Tap Into Price Comparison Apps
April 17, 2018

The initial inner workings of a price comparison tool called Basket began when Neil Kataria was a kid. He loved to optimize his mom and dad’s shopping trips by clipping coupons and spotting sales. Years later, he found himself spending a ton of baby products and...

Retail
Another Restaurant Bankruptcy: Bertucci’s Runs Out Of Dough
April 17, 2018

Another one bites the dust — or, in this case, the flour, as it’s Italian eatery chain Bertucci’s that has most recently filed for bankruptcy protection. The Northborough, Massachusetts-based restaurant plans to close around half of its locations and auction off the rest, according to...