News

Artificial Intelligence
Facebook Launches Video Calling
October 08, 2018

Facebook announced Monday (Oct. 8) the launch of the Portal and Portal+, its voice-activated communication devices for the home. 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...

B2B Payments
MYOB Targeted For $1.2B Acquisition
October 08, 2018

Shares in Australia-based small business cloud accounting software company MYOB jumped as much as 20 percent Monday (Oct. 8) following reports it is considering a takeover offer by private equity firm KKR & Co. Get the Full Story Complete the form to unlock this article...

International
China’s Reserve Ratio Cut Hopes To Free Up Lending And Spending
October 08, 2018

In what might be seen as a move to boost both lending and spending in China — and extend buying power as Chinese citizens wield the power of their wallets — the Chinese central bank, the People’s Bank of China (PBOC), cut its mandate for...

Global Payments
CANCAN Teams With WorldFirst Payments Platform; Westpac Launches Mobile Deposits
October 08, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes CANCAN and WorldFirst’s rollout of a platform for WeChat Pay and Alipay payments in Europe. In addition, Alipay payments spiked at international destinations during a public holiday in China, and Australia’s...

Retail
Amazon Turns To Manufacturers For ‘Exclusive’ Brands
October 08, 2018

Amazon is taking a new approach to its brands, extending beyond its AmazonBasics and other private-label lines: The retailer is rolling out brands that are exclusive to the site, but are not actually owned by the company. While expansion of private-label brands has been a...

Retail
MyPeople On Gigging With Marketplace Points
October 08, 2018

For every Thumbtack or TaskRabbit, there are smaller gig economy marketplaces that aim to provide a community feel and to tap into skillsets that aren’t often found on other sites. The goal is to provide an alternative to the impersonal experience found on other gig...

Retail
Thrive Market Stays Competitive In Grocery Segment
October 08, 2018

Eating unhealthy food has a host of downsides: It shortens people’s lives, saps their energy and puts them at greater risk for things like heart disease and diabetes. Unfortunately, for our collective waist lines, junk food is cheap in terms of actual monetary expense. The...

Retail
Consumers Seek Backpacks And Duffel Bags As Alternatives To Handbags
October 08, 2018

Sales of women’s handbags dropped by 8 percent from 2016 to 2017, reaching $7 billion, while sales of backpacks and duffel bags have been on the uptick, Forbes reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Koble Reflects On What Trade Disputes Mean For B2B Matchmaking
October 08, 2018

Understanding who one is doing business with is the first step to mitigating a myriad of risks, including non-compliance, non-payment, violated contracts and more. For decades, business partners have gathered at in-person meetings, conferences and networking events to do business, with the physical business card...