News

News
Five At Five: Facebook’s AR Push
July 10, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes news about new social media ads and Google’s new payment offering. U.S. authorities are going after Heartland Payment Systems, lawmakers target cashless eateries, and pancakes have regained their...

Investments
Secoo Gets $175M Investment From L Catterton Asia, JD.com
July 10, 2018

On Tuesday (July 10), L Catterton Asia, the Asian unit of consumer-focused private equity firm L Catterton, and Chinese retailer JD.com announced a strategic partnership with Secoo Holding Limited, one of Asia’s online integrated upscale products and services platforms. Through the partnership, L Catterton Asia...

Alternative Finances
Why Microlending Is Branching Out In 2018
July 10, 2018

On the whole, it’s been a good year for startups in Africa, according to recent reporting in Quartz. Coming up on the half mark in 2018, total fundraising on the continent has hit $168.6 million — already ahead of 2017’s full-year take of $167.7 million and four...

Global Payments
MMBL Rolls Out EMV Debit Cards, ICICI Bank Partners With Westpac For Remittances
July 10, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Mobilink Microfinance Bank (MMBL) launching EMV-compliant cards in Pakistan. In addition, PaySend is utilizing a smart card connected to a mobile wallet to help customers transact with traditional and digital...

Partnerships / Acquisitions
Audi, Huawei Ink Connected Car Partnership
July 10, 2018

Audi announced on Tuesday (July 10) that it inked a memorandum of understanding for a strategic cooperation with China’s Huawei. 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...

Social Commerce
Facebook Testing AR Ads In News Feed
July 10, 2018

Facebook is bringing augmented reality (AR) to its News Feed, providing advertisers with a new way to reach potential customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Mobile Payments
Amid New Google Pay Features, Users Can Split The Bill
July 10, 2018

Google Pay is rolling out new features that, among other things, let users send and request money, through the merging of the Google Pay and Google Pay Send apps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
SEC Charges Heartland Ex-CEO With Insider Trading
July 10, 2018

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday (July 10) that it has charged the former chief executive of Heartland Payment Systems with insider trading. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
IHOP Is Back On Pancakes
July 10, 2018

Order has returned to the universe, balance has returned to the force and the world makes sense again. 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...