News

Investments
Uber’s In-Car Convenience Store Cargo Raises $22M
September 27, 2018

Cargo, the startup that provides in-car commerce for the rideshare economy, announced on Thursday (Sept. 27) that it has raised $22 million in venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
FTC, DOJ Refund $1.2M To Consumers Hurt In AMG Payday Lending Scam
September 27, 2018

The Federal Trade Commission (FTC), working in conjunction with the U.S. Department of Justice, announced on Thursday (Sept. 27) that it is mailing 1,179,803 refund checks totaling more than $505 million to people who were deceived by a payday lending scheme operated by AMG Services,...

Global Payments
ANZ Rolls Out Google Pay Wallet; Klarna Links Up With OXID eSales
September 27, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Australia’s ANZ Google Pay wallet. In addition, the National Bank of Oman (NBO) is teaming up with Oman National Engineering & Investment Company (ONEIC) for real-time payments, while Klarna and OXID eSales...

Alternative Finances
Why Scratch Says Loan Servicing Needs A Ground-Up Rebuild
September 27, 2018

If the world were a more logical place, it would always be easy for a borrower to pay their debts as quickly and easily as possible. Everyone’s goals would be aligned, ensuring that funds are repaid on time and with minimal investment of time or energy....

Investments
Door Opens For Opendoor’s $400M SoftBank Funding
September 27, 2018

In fundraising news on Thursday (Sept. 27), Opendoor, the home selling startup, said that it has raised $400 million from SoftBank’s Vision Fund. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Shoclef And Making Stylists The Star Of The Retail Show
September 27, 2018

There is no shortage of app and eCommerce platforms out there looking to match up consumers with personal shoppers. As a well-established part of high-end luxury retail experiences, the digital migration of personal shopping makes sense in the current retail context. Get the Full Story...

Retail
J.Crew Plans Brand For Younger Shoppers
September 27, 2018

To seek a broader audience, J.Crew plans to create a brand that appeals to younger women. CEO Jim Brett, said the retailer sees itself as a company with more than two brands, the Chicago Tribune reported. Get the Full Story Complete the form to unlock...

Retail
How Foster Farms Is Betting The Farm On QR Codes In The Poultry Section
September 27, 2018

To connect directly with their customers in the supermarket, food brands are turning to quick response (QR) codes. Foster Farms, which offers chicken and other poultry products, decided to put the codes on its product packaging. Their offering is dubbed DORI, which stands for deals,...

Retail
Why AI Can Search eBay Even More Obsessively Than People
September 27, 2018

Retailers are rolling out new ways for consumers to look for items online. Forever 21, in particular, is moving beyond text-based online search for its customers with visual search. In an announcement for the feature, Forever 21 President Alex Ok said the technology “bridges the...