Mergers and acquisitions in the global payments industry have hit record highs in 2018, especially in the payments technology market. Financial Times (FT) reported that there were 102 transactions worth a total of $46 billion in the first six months of 2018, according to data from Dealogic....
The U.K. tax authority has almost doubled the fines it hands out for money laundering rule violations in the most recent financial year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
PYMNTS may not have the greatest sports experts in the world, but even we understood the big deal concerning the addition of Lebron James to the L.A. Lakers lineup, and the context of NBA basketball for next season. Get the Full Story Complete the form to unlock this article and...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes a discussion of the real value of Amazon Prime, and why Walgreens sees new profit in China. Alibaba has a new idea about fashion, Visa has a new...
By opening a temporary store with apparel from Guess, Alibaba is testing out its inaugural “FashionAI” concept at Hong Kong Polytechnic University. Guess is looking to use the technology in stores, starting with Hong Kong and mainland China, Retail Dive reported. Get the Full Story...
Though not much of a surprise to anyone, speaker company Sonos has filed to go public, and will likely be trading on the public markets by the end of the month. The Wall Street Journal first reported that a June IPO was in the firm’s future...
Generating year-on-year growth of nearly 4 percent, Smart Payment Association (SPA) data indicates that 2.3 billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of...
The trade war is here. The world’s two biggest economies — the United States and China — are slinging tariffs with haste. As widely reported, the U.S. tariffs against China have now been levied, as of today, and the strategy may be one that stretches...
Summer is here, which means Americans will be decamping to the beach en masse this summer — hoping to escape the heat, get a tan and, hopefully, finally kick back relax to enjoy the season. Not as many Americans take vacations as they did in...
