News

B2B Payments
Visa Expands SMB Service In Kenya With Alt-Lender
August 07, 2018

Visa is expanding its presence with small businesses in Kenya through a new partnership with alternative lender Branch International, a mobile small business lender. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
China’s Central Bank Fines Alipay
August 07, 2018

Alipay, a payment affiliate of Alibaba, has been hit with a $601,846 fine by the Shanghai head office for the People’s Bank of China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Ridesharing
NYC To Place One-Year Limit On Uber Licenses
August 07, 2018

New York’s City Council is set to approve a one-year cap on new licenses for ridesharing vehicles. According to Bloomberg, the move is part of a package of regulations aimed to reduce traffic and stop a decrease in drivers’ pay. The regulations are set to...

Banking
India Post Payments Bank Launch Eyes Financial Inclusion
August 07, 2018

India Post Payments Bank (IPPB) is set to open a branch in every district on Aug. 21 to provide financial services in rural areas. IPPB, a subsidiary of India Post, launched last year with pilot services in Raipur and Ranchi. The financial institution (FI) is...

Omnicommerce
First Data On Retailers And Next Gen Omnicommerce
August 07, 2018

First Data SVP Glenn Fodor tells PYMNTS that the fundamentals of retail remain strong, but successful retailers know how to incorporate technology into their full retail experience. In some cases, that means giving the customer everything from fine dining to outdoor adventures as a way...

Payment Methods
Meet The Personas Behind The Rise Of Contextual Commerce
August 07, 2018

It can happen at the office. It can happen on Facebook and Pinterest. It can happen on a well-crafted blog designed to appeal to particular hobbyists, or an event and ticketing website, or an online platform devoted to travel. It can happen pretty much anywhere,...

News
Five At Five: MoviePass Shelves Price Increase, Limits Free Films
August 06, 2018

Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes MoviePass holding off on a rate hike, in favor of a limit for free movies. Also, Facebook talks with banks about sharing data, Walmart enters...

Security & Fraud
Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
August 06, 2018

The deputy chief of Iran’s central bank was dismissed from the position and arrested as part of the government’s crackdown on financial fraud, according to reports in The News Tribune on Sunday (Aug. 5). Get the Full Story Complete the form to unlock this article...

Retail
How Micro-Fulfillment Centers Help Fill eCommerce Grocery Orders
August 06, 2018

In the digital age, shoppers are trading the grocery store aisles for online ordering and opting to have their items packed for pickup or delivery. But supermarkets face a dilemma: How to fill all of those eCommerce orders? Companies such as Takeoff Technologies provide an...