News

Retail
Touché LA, Social Influencer Alexis Ren Remake Middle-Market Fashion
July 20, 2018

Even a decade ago, Touché LA Co-founder Karl Singer told PYMNTS in a recent conversation, the middle market of fashion was a very different place — and not just in terms of the style types that were available for purchase. What people are buying, after...

Digital Banking
Why State Street Wants To Use AI On “Almost Everything”
July 20, 2018

FIs' investment in artificial intelligence (AI) and machine learning (ML) is expected to reach $57.6 billion by 2021. In the latest Digital Banking Tracker, PYMNTS tracks the latest developments driving investment in the space. Plus, Moiz Kohari, SVP and chief technology architect at State Street,...

Alternative Finances
Walmart Redefines The Paycheck
July 20, 2018

When people talk about the plight of living paycheck to paycheck, Even Responsible Finance CEO Jon Schlossberg told Karen Webster in a recent conversation, they usually aren’t thinking broadly enough about the problem or who it effects. When most people think about financial instability, they...

Banking
Amex, Santander Explore FinTech Using API
July 19, 2018

American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. entered into an agreement with Infosys Finacle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

News
Five At Five: How Prime Day Helped Amazon — And Its Rivals
July 19, 2018

Welcome to Five at Five, your late look at the payments and commerce news of the day. Coverage today digs into the results of Prime Day, and shows what the Amazon event means for its competitors. A big food delivery company has even bigger plans,...

Cross Border Commerce
The Challenges And Rewards Of Having Hundreds Of Local Payment Options
July 19, 2018

Change typically brings confusion and some level of chaos, and that’s true for merchants trying to win over foreign shoppers and master cross-border payments — achievements that can provide a revenue edge as eCommerce continues to grow across the world. And digital technology’s ongoing work...

Banking
Wells Fargo Refunding Customers For Add-On Products
July 19, 2018

Wells Fargo, the embattled national bank, is reportedly refunding tens of millions of dollars for a range of products, including pet insurance and legal services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Global Payments
TrueLayer Secures $7.5M In Funding; United Overseas Bank Teams Up With Razer
July 19, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes United Overseas Bank Limited (UOB) and Razer Inc. teaming up to launch Razer Pay in Singapore. In addition, the U.K.’s TrueLayer has secured a new round of funding, while Lativa’s Robo.cash...

Investments
Even Snaps Up $40M In Funding
July 19, 2018

For the more than 170 million Americans who live paycheck to paycheck — three-quarters of all American workers, according to a recent survey — the idea of better financial planning can seem a bit like wanting a pet unicorn. It would certainly be nice, and...