News

Cross-border Payments
Latvian Defense Ministry Says Corruption Allegations Are Fake News
February 21, 2018

The Latvian Defense Ministry is contending that corruption allegations — which resulted in the suspension of a central bank governor on Tuesday (Feb. 20) — could be part of a smear campaign to sow distrust and influence the October elections. Get the Full Story Complete...

Merchant Innovation
Discover Launches Cashback Checking Account
February 21, 2018

Discover, the payments company, announced news on Tuesday (Feb. 20) of the debut of a new rewards program for its Cashback Checking account, in which customers can earn cash back after completing debit card purchases. Get the Full Story Complete the form to unlock this...

Payment Methods
BankLabs Launches +Pay To Speed Up Payments
February 21, 2018

BankLabs, a firm providing mobile technology products for community banks, announced Tuesday (Feb. 20) that it had launched its +Pay offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Banks To AI: Less Artificial And More Human
February 21, 2018

The banking world is racing to get smarter via artificial intelligence (AI), but how can intelligence that’s artificial stack up to human expertise and the demands of human consumers?  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Mobile Payments
STACK Taps i2c For Mobile Payments
February 20, 2018

To enable payments through its app and prepaid Mastercard, STACK has tapped i2c as its payments processor. The move will help STACK build and scale its personalized payments functionality, i2c said in an announcement. Get the Full Story Complete the form to unlock this article...

Retail
Walmart Disappoints Investors With eCommerce Growth Slowdown
February 20, 2018

Walmart stock is taking its roughest hits in two years after turning in an earnings performance investors found disappointing, according to Bloomberg. Stocks are down nearly 9 percent, and the company’s drawn down annual profit forecast has investors wondering if the world’s largest retailer by...

Retail
Tapping The Power Of Text Messaging To Empower Customers
February 20, 2018

SMS text messaging is a little over 20 years old. For a human, that’s young. 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 newsletter,...

Loyalty & Rewards
Today’s Loyalty Chatbots And Apps Evolved From S&H Reward Stamps
February 20, 2018

Just before the 20th century, two entrepreneurs found a new use for stamps — other than postage on a letter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Retailers Take Sides In Battle Between Alibaba And Tencent
February 20, 2018

Alibaba and Tencent, which are locked in a battle to win over consumers, have invested more than $10 billion in retailers since the beginning of 2017. As a result, retailers are taking sides, CNBC reported. Get the Full Story Complete the form to unlock this...