News

Retail
Chinese Consumers Drive Sales Growth For Luxury Goods
August 31, 2018

As shoppers around the world headed out to purchase those internationally-known, little blue boxes, Tiffany & Co. posted a strong second quarter. The jeweler booked an increase in global sales of 12 percent, arriving at $1.1 billion. At the same time, same-store sales growth beat...

Retail
Uber Experiments With Drone Technology
August 31, 2018

To help deliver food through the skies, Uber is reportedly trying out drones. Uber Elevate, a division of the ridehailing firm, is testing out the idea to help bring faster deliveries to its Uber Eats platform, BGR reported. Get the Full Story Complete the form...

Retail
Retail Pulse: Amazon Go Opens Second Store; Whole Foods Sees More Foot Traffic
August 31, 2018

Amazon, which has dived into the grocery business with its acquisition of Whole Foods, is moving its Amazon Go cashierless C-store beyond its corporate campus. This week, Amazon expanded the concept by opening the doors to its second Amazon Go store at the foot of...

B2B Payments
Cloudian Raises $94 Million For Enterprise Data Management
August 31, 2018

California’s Cloudian raised $94 million in Series E venture capital this week, securing what the company says is the largest-ever investment round for a “distributed file systems and object storage provider.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Expense Account Fraud Hits Wells Fargo
August 31, 2018

Fraud hits firms large and small. Wells Fargo is the latest industry behemoth to make headlines. 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 newsletter,...

B2B Payments
VAI Eyes Regulators’ Role In ERP Blockchain Adoption
August 31, 2018

Enterprise resource planning (ERP) doesn’t look like it used to. With the emergence of new corporate finance and management apps, ERPs are turning into a central repository of data collection, and according to VAI vice president of sales Joe Scioscia, ERP now has an opportunity to...

Payments Innovation
 The Opportunity Amid Tokenization’s Deluge
August 31, 2018

Tokenization is a buzzword within payments. 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 newsletter, PYMNTS Today. By completing this form, you agree to...

B2B Payments
The ERP Finds Its Footing In A World Of Corporate FinTech
August 31, 2018

The Enterprise Resource Planning (ERP) system is a mainstay for the enterprise – but, like all technologies in the back office, it doesn’t look like it used to. ERPs of the past were straightforward and tractional, a portal through which professionals could execute and manage...

B2B Payments
Wells Fargo Fires Employees Over Falsified Expense Reports
August 31, 2018

Fraud committed against enterprises hits firms large and small. Among the most noteworthy headlines this week, Wells Fargo’s latest scandal focuses on doctored expense reports, and beyond the pond in the U.K., several cases show how fraud can be perpetrated against government and insurance agencies. And...