News

Payments Innovation
Online Platforms: Why Consumers Rule And Regulators Don’t
August 20, 2018

A few weeks from now will mark the 72nd anniversary of a federal court decision that found grocery store chain The Great Atlantic and Pacific Tea Company and its founders, George and John Hartford, guilty of engaging in anti-competitive behavior. That story is the subject of a...

Investments
China’s Banks Asked To Give Infrastructure Investment Support
August 20, 2018

China’s banking and insurance regulator has asked banks and insurers to examine and tackle “weak points” in the country’s infrastructure sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
Chinese Tariffs Could Hit Consumers’ Pocketbooks To The Tune Of $3.2B
August 20, 2018

The tariffs put in place by the U.S. government on printed circuit assemblies and connected devices could result in U.S. consumers paying $3.2 billion more for electronic products next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
Iran Hopes New Regulations Will Attract Foreign Investors
August 20, 2018

As Iran tries to pass anti-money laundering regulations to attract foreign investment, a top constitutional body is requesting changes to the measures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
Currency Upheaval Prompts Venezuelan Shopping Frenzy
August 20, 2018

Venezuelans were jamming stores and gas stations late last week as worries about an overhaul of monetary policies could create financial havoc, preventing even basic shopping. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
Capital One Eyes Blockchain For Authentication
August 20, 2018

Capital One, the national bank, filed a patent application with the U.S. Patent and Trademark Office last June to use blockchain for securing user authentication methods for banking security. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Biometrics
CLEAR: Biometrics, Ballparks And Bridges To A Portable ID
August 20, 2018

How on time a traveler is for a flight seems to be consistently correlated with how long it will take them to go from the airport’s front door to the boarding area before the doors close. From pre-screening through screening, to that final run through the...

News
Five At Five: Does Walmart Have A Secret Weapon?
August 17, 2018

Welcome to Five at Five, your late look at today’s payments and commerce news. Today’s coverage includes discussion of an edge that Walmart may have on Amazon, along with big funding news in the world of last-mile logistics. Best Buy wants to make a major...

Mobile Payments
Alipay Now Ubiquitous At Mall Of America
August 17, 2018

To help Mall of America merchants engage with Chinese consumers, CITCON has teamed up with the shopping complex to offer stores a cross-border mobile payments system. The feature will be offered in merchandise shops, Nickelodeon Universe and guest services, CITCON said in an announcement. Get the...