News

Retail
NEW DATA: Why Two-Thirds Of Small Merchants Struggle To Innovate
October 16, 2018

Small and medium-sized businesses (SMBs) must possess a long list of attributes if they want to stay competitive in today’s day and age. To maintain their competitive edge, they must offer omnichannel features and innovative payment methods, among a host of other factors. That said,...

News
Five At Five: Apple Slumps In China
October 15, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes a new smartphone forecast and Alexa’s ambition to become a nurse. American Express has a new dispute partnership, retail sales are sluggish and the curtain is closing...

B2B Payments
Virgin Money Buyout By CYBG Receives All-Clear
October 15, 2018

A court hearing late last week gave the all-clear for CYBG to complete its acquisition of Virgin Money for $2.24 billion, finalizing one of the largest bank mergers since the financial crisis, according to reports in Independent.ie on Monday (Oct. 15). Get the Full Story...

B2B Payments
Mastercard Rounds Out SMB Services In India With Zoho
October 15, 2018

Small business (SMB) cloud solutions provider Zoho is reportedly teaming up with Mastercard in India to provide holistic accounts receivable solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
MIT’s New AI School Gets $1B Investment
October 15, 2018

Massachusetts Institute of Technology (MIT), aiming to take a lead in educating on artificial intelligence, machine learning and advanced computing, is creating a new college called MIT Stephen A. Schwarzman College of Computing with a planned investment of $1 billion. Get the Full Story Complete...

Partnerships / Acquisitions
American Express, Ethoca Team To Solve Disputes Between Merchants, Cardholders
October 15, 2018

American Express, the payments company, and Ethoca, a provider of collaboration-based technology solutions for merchants and card issuers, announced on Monday (Oct. 15) a collaboration to resolve issues quicker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Amex Taps Alt-Lender Ezbob In SMB Financing Push
October 15, 2018

American Express has announced a partnership with U.K.-based alternative lending platform Ezbob as it continues to broaden its small business financing offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
State Regulators Report: Money Services Firms Handled $1.2T In 2017
October 15, 2018

As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments. Get the Full Story Complete the form...

Global Payments
Tappy Teams With Etisalat For Wearables; Nets Rolls Out PayCollect For Merchants
October 15, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Singapore’s Nets PayCollect rollout. In addition, Xero is working with GoCardless in New Zealand on payment collection, and Tappy Technologies is teaming up with Etisalat for wearable payments in the UAE....