News

B2B Payments
Xero Targets Taxes With Instafile Acquisition
November 16, 2018

Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Mastercard Enables Vendor Payments Within MYOB Platform
November 16, 2018

Mastercard and Australia-based small business accounting platform MYOB are collaborating to streamline vendor payments and payroll. 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...

Retail
Nordstrom Overcharges Credit Card Customers, Hurts 3Q Results
November 16, 2018

Nordstrom’s stock was under pressure Thursday (November 15) after the department store operator posted third-quarter results that missed its projections and disclosed it overcharged some of its credit card customers. According to a report in CNBC, for its third quarter, Nordstrom wrote down $72 million in...

Regulation
FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold
November 16, 2018

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to identify the individuals behind shell companies involved in all-cash purchases of residential real estate. Get the Full Story Complete the...

Artificial Intelligence
When AI Technology Gets Up Close And Personal
November 16, 2018

Brighterion CEO Akli Adjaoute says there’s only one measure of AI’s true potential: When the tech is adaptive enough to understand that John at 23 is the same John at 43, even though he has two kids, a wife and a house in the 'burbs....

Banking
KPMG: In Open Banking, ‘Fortune Favors The Brave’
November 16, 2018

Nearly a year on, Open Banking has a bit of mileage behind it and roadmap stretching ahead. 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...

Ridesharing
Ridesharing’s Next Frontier: Africa
November 15, 2018

Many Africans who can’t afford to buy a vehicle are becoming drivers for rideshare companies in order to secure a discount and loan on a car. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Standard Cognition Raises $40M To Take On Amazon Go
November 15, 2018

Standard Cognition, which provides AI-powered autonomous checkout solutions for brick-and-mortar retailers, announced it has raised $40 million in Series A funding, bringing its total amount raised to more than $51 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Walmart Forecasting A Big Finish For 2018
November 15, 2018

Walmart is apparently expecting the holiday season to be merry and bright in 2018, with raised expectations for the full year following a third quarter with stronger-than-expected earnings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...