News

Partnerships / Acquisitions
Alior, solarisBank, Raisin And Mastercard Partner On European Digital Bank
June 14, 2018

The Poland-based Alior Bank is teaming up with solarisBank, Raisin and Mastercard to roll out a digital bank in Europe open to all European Union residents. According to a report in BankingTech, the new digital bank is slated to launch in the fourth quarter of...

Latin America
Why Brazil Attracts The Attention Of Fuel Payments Firms
June 14, 2018

A recent fuel payments move by WEX highlights the increasing importance of South America — notably Brazil — to the fleet and freight industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
RBC To Spend More Than $3B On Advanced Technology
June 14, 2018

Royal Bank of Canada (RBC) is gearing up to spend $3.2 billion on technology with a focus on artificial intelligence, digital products and social media. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Payment Methods
Amex Rolls Out New Cash Back, No Annual Fee Cash Magnet Card
June 14, 2018

American Express, the payments company, announced Thursday (June 14) the latest addition to its cash back portfolio the no annual fee American Express Cash Magnet™ Card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
SEC: Some Crypto Coins Are Securities (Not Bitcoin)
June 14, 2018

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. However, the coins offered during initial coin offerings very likely are entirely — or mostly —...

Retail
Chef’d Meal Kits Coming To New York Area Drugstores
June 14, 2018

Chef’d, the maker of meal kits that can be purchased in grocery stores, has inked a deal to sell the kits in Walgreens and Duane Reade stores in the New York area. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Retail Sales Shot Up In May
June 14, 2018

Consumer confidence seems to have returned in a big way in May as retail sales soared to their highest level since November 2017, according to news from The Wall Street Journal. All in, sales were up .8 percent from a month earlier to $502 billion,...

Retail
Mobile Game Shows Offer Brands Prized Millennial Viewers
June 14, 2018

Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. And though this market presents brands with a large...

Retail
Lyft And Walgreens Added To Chase Freedom Card
June 14, 2018

This summer, Chase will be letting Chase Freedom cardholders earn cash back in three new quarterly categories: gas stations, Lyft, and Walgreens. Card members will be able to earn 5 percent cash back on up to $1,500 in purchases across all categories between July 1...