The Tesla saga may have a ripple effect — up and down the supply chain. The Wall Street Journal (WSJ) reported that the automaker has had number of speed bumps, which has some of its suppliers worried about the firm’s financial condition. One of the key corporate events that...
Ant Financial’s highly-anticipated IPO has been delayed once again, with one source saying the public offering could be “years” away. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Zippin, the cashierless store operator, is beating Amazon and its Amazon Go stores to the punch, opening up its first cashierless store in San Francisco. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Verifone Systems announced that it has been acquired by an investor group, led by technology firm Francisco Partners. The $3.4 billion acquisition, previously announced in April, closed and became effective on Monday (Aug. 20). Other investors included Canadian firm British Columbia Investment Management Corporation (BCI). Qatalyst Partners is serving...
Let’s just come out and say it: When it comes to the wide range of commerce activities, unless you’re a teenager with a new driver’s license, putting gas into your vehicle is never fun. Get the Full Story Complete the form to unlock this article...
While the Great Recession technically began in Dec. 2007, most people remember a different date as the “real” start to the Great Recession: Sept. 15, 2008. That was the day Lehman Brothers officially filed for bankruptcy. Six days later, The New York Times reported that Bear Stearns was...
PPMiao, the online peer-to-peer (P2P) lender in China, faced protests from investors in the company at its offices on Monday (Aug. 20), as the P2P lending industry continues to be plagued with problems. According to a report in Reuters, 243 P2P companies or more have...
American Banker, citing Citi Ventures, reported that the investment shows banks are embracing and implementing AI. According to the report, the investment provides more insight into how Citigroup is using AI across the company. The software is popular with younger generations, which is an important...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes news of PepsiCo’s major new acquisition, and Walmart’s latest plans for virtual reality (VR) retail. Alibaba might have a new plan to take on Amazon in India,...
