News

Delivery
Walmart de Mexico Is Focused On Grocery Deliveries
July 12, 2018

Walmart de Mexico’s new head of eCommerce, Ignacio Caride, is focusing on growing the retailer’s grocery deliveries to differentiate from rivals including Amazon and MercadoLibre. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Loyalty & Rewards
Starwood Devalues Points On Amex Card
July 12, 2018

Users of the Starwood Preferred Guest (SPG) American Express (Amex) card aren’t happy with the changes coming to their cards, which give them one-third fewer reward points for almost every dollar they spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Thinking About B2B Payments As An Interaction — Not A Transaction
July 12, 2018

There is a better way for banks to help corporations and businesses, including SMEs, to make money — a method that takes advantage of all the benefits of digital technology while working within the limitations of legacy banking systems. Get the Full Story Complete the...

Global Payments
Visa Launches Omni Loyalty Platform; Alibaba Kicks Off ‘Malaysia Week’
July 11, 2018

Consumers in Sweden and Norway are more likely to take out a loan this summer than borrowers in Finland, according to a press release from Tieto. While 22 percent of Swedes and 21 percent of Norwegians are seeking to borrow money, only 14 percent of Finns...

Security & Fraud
Ex-QVC Executive Gets 2.5 Years In Prison For Defrauding Company
July 11, 2018

QVC former director James D. Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Five At Five: Walmart’s New Plan To Win Over NYC
July 11, 2018

Welcome to Five at Five, your late look at some of the main payments and commerce news of the day. Coverage includes a description of a new, and potentially major, same-day delivery deal in NYC, along with Oprah’s latest commerce venture. There is also news...

Regulation
India Could Relax Rules On Data With Payment Companies
July 11, 2018

The Ministry of Finance in India is proposing that the government relax a directive that would require global payment firms to store the data of customers only locally. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
JD Finance Raises $2B, Doubles Valuation Pre-IPO
July 11, 2018

JD.com’s finance unit has raised $1.96 billion in a new round of funding. 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....

eCommerce
Walmart Gears Up For School Shopping
July 11, 2018

As parents plan for back-to-school shopping, Walmart said this week that it has launched tools that could help the chain gain revenue during this busy commerce season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...