News

Investments
Even Financial Lands $18.8M In Venture Funding
August 07, 2018

Even Financial, a FinTech company focused on the consumer financial services ecosystem, announced on Tuesday (Aug. 7) that it raised $18.8 million in venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Paytm Mall Launches Cash-Back Promotion In Online-Offline Sale
August 07, 2018

Paytm Mall, the eCommerce unit of India’s digital payments company Paytm, rolled out a new promotion dubbed the “Freedom Cashback Sale.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Global Payments
Worldnet Brings ‘Quickchip’ To POS; Lurraldebus Rolls Out Mobile Tickets
August 07, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes a mobile wallet pilot by Banco Agrario, Telefonica Colombia and Comviva in Columbia. In addition, Ireland-based Worldnet has teamed up with ID TECH to deliver Quickchip for its GoChip products,...

Retail
Sears Looks To Shoes And Precious Metals To Jump-Start eCommerce
August 07, 2018

For all of Sears’ many issues in recent days, one has to applaud their incredible persistence in the face of difficult odds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Walmart To Launch Its Answer To Everlane
August 07, 2018

According to reports in Business of Fashion, Walmart is quietly looking to launch a direct-to-consumer clothing line to appeal to Gen Z consumers. In a similar vein to Allswell, Walmart’s direct-to-consumer mattress brand that launched earlier this year, the clothing line will be sold through Walmart’s...

Retail
Staples’ Serenity-Now Approach To Back-To-School
August 07, 2018

About 22 years ago, Staples released what was arguably the best back-to-school commercial in human history. 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...

Retail
US Toy Industry Sales Grow To $7.9B After Toys R Us Closure
August 07, 2018

In the first half of 2018, sales in the U.S. toy industry rose by 7 percent to $7.9 billion. The increase occurred during the liquidation of Toys R Us, market research group NPD said in a press release. Get the Full Story Complete the form...

Retail
Mattress Firm Eyes Bankruptcy, Store Closures
August 07, 2018

As Mattress Firm, Inc. looks to shutter money-losing locations and find its way out of leases, people familiar with the company say that the retailer is mulling a bankruptcy filing. On the news, Tempur Sealy International Inc.’s stock rose 5.2 percent and closed at $52.64,...

Investments
FinTechs Find VC Favor Amid Collaborative Efforts
August 07, 2018

If money is a vote of confidence, via investments, then confidence is strong in the tech sector, and specifically for FinTechs. But there can be a sea change afoot that can mix things up a bit. The way it will go? Nobody knows, not really. Get...