News

Merchant Innovation
Alibaba Plans Tech-Driven Winter Olympics 2022
February 12, 2018

Chinese eCommerce company Alibaba has big plans for the 2022 Winter Games in Beijing, envisioning a more technology-driven event through which all stakeholders make more money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payments Innovation
A Decade In The Making, Here Comes Interac 2.0
February 12, 2018

It took a while but the new Interac debuted earlier this month, bringing together two companies and disparate functions across payments, from transactions to R&D.  Interac CEO Mark O’Connell lays out the roadmap for his (new) firm for PYMNTS’ Karen Webster, a straight and narrow...

Cross-border Payments
Medaling, Outside The Olympic Arena
February 10, 2018

The Winter Olympics are in full swing in Pyeongchang, South Korea. Opening ceremonies took place Friday night, local time (early Friday morning for the U.S.) as athletes and spectators from 92 nations came together to kick off the two-and-a-half-week Games. Events will continue through Feb....

Retail
L.L. Bean Sets Limit On Generous Return Policy
February 09, 2018

After discovering that its customers have been misusing its generous return policy, L.L. Bean is changing its rules for returns. Customers had been able to return products years after buying them from L.L. Bean, but the retailer said on Friday (Feb. 9) that customers will...

Retail
Flight Club Steps In With Sneaker App GOAT
February 09, 2018

Creating a combined entity with a valuation of around $250 million, Flight Club has merged with GOAT, Recode reported. 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...

Retail
Rebirth Of Malls: Anchor Stores To Become Destinations For Experiences
February 09, 2018

In the future, consumers will come to malls — but they may not come to a large department store with a savings pass in hand. They will be seeking to rewind, relax — and not necessarily search for the latest fashions. As a result, malls...

Retail
Tapping The Blockchain To Keep Jewelry Ethical
February 09, 2018

If the classic 70s film “Love Story” is to be believed, love means never having to say you’re sorry. 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...

Retail
Whole Foods Raises Prices For Suppliers
February 09, 2018

Getting products into Whole Foods just got more expensive, as the national supermarket chain is raising prices for suppliers. 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...

Delivery
Amazon’s New Shipping Service Is Big Trouble For UPS And FedEx
February 09, 2018

Creating competition for United Parcel Service Inc. and Fed Ex Corp., Amazon will launch its own delivery service. Through “Shipping With Amazon,” the eCommerce retailer will reportedly pick up packages from businesses and deliver them to their customers, the Wall Street Journal reported. Get the...