News

Retail
Walmart Is Due For An Identity Check
June 08, 2018

For at least two generations, Walmart has stood for more than just retail. The chain, born in Arkansas, has long served as a cultural, economic and even political signifier — telling others that one shopped at Walmart, or disliked its corporate policies, opened up a host...

International
Tencent Unveils Collaboration With Walmart China
June 08, 2018

Helping broaden the reach of Tencent’s mobile payments and mini program services, Tencent has unveiled a collaboration with Walmart China. With the relationship, Walmart will also be to expand digitally in the country, technode reported. Get the Full Story Complete the form to unlock this article...

News
Five at Five: Apple’s Declining Need For iPhone Parts
June 08, 2018

Welcome to Five at Five, your late look at some of the payments and commerce news of the day. Today there are stories about the latest trends in Apple‘s iPhone manufacturing, Google’s views about AI, and why Walmart likes wine. There is a new retail...

International
US And China Reach Deal Over ZTE
June 08, 2018

After a shutdown of ZTE‘s operations that has lasted almost two months, the U.S. and China have come to a deal to get the Chinese telecommunications company back up and running. The U.S. had blocked exports to the company after it broke terms of a...

Security & Fraud
Social Media Can Make Bank Customers Susceptible To Scams
June 08, 2018

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. After problems with an information technology migration locked thousands of clients out of accounts at the U.K.’s TSB, for example, the bank saw...

Artificial Intelligence
Reddit Drives Artificial Intelligence To Constant Murderous Thoughts
June 08, 2018

Since the dawn of the age of computers, human beings have wondered what will happen when the machines eventually learn how to “think” like humans do. The consensus among science fiction writers is “nothing good.” Get the Full Story Complete the form to unlock this article...

Retail
Marc Jacobs Launches First Wear OS Smartwatch
June 08, 2018

Marc Jacobs is launching its first Wear OS smartwatch, joining the brand’s line of hybrid smartwatches. 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
Walmart Offers Selection Of Affordable Wines
June 08, 2018

Walmart has launched it Winemakers Selection, offering 10 “distinctive labels” of wine from California, France and Italy. Nichole Simpson, Walmart’s senior wine buyer, explained that the retail giant will sell the wine for about $11 per bottle, but the vino will still be high quality,...

Retail
Eddie Bauer And Pacific Sunwear Combined In New Operating Company
June 08, 2018

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California, the private equity firm has created a new operating company comprised of the two retailers. A new PSEB Group consists of both brands, which will operate their...