News

Bitcoin
$15B In Crypto Value Disappears In Market Flash Crash
June 11, 2018

Cryptocurrencies fell fast in just a few hours due to a flash crash that wiped out $15 billion. 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...

Ridesharing
Record Number Of NYC Taxi Medallions Up For Auction
June 11, 2018

Call it the Uber effect: A record 139 New York City taxi medallions will be up for sale in bankruptcy auction this month as cab drivers continue to struggle to compete with ridesharing apps. Get the Full Story Complete the form to unlock this article...

International
Switzerland Passes On Sovereign Money Initiative
June 11, 2018

An initiative to prohibit commercial banks in Switzerland from electronically creating money when they make a loan was overwhelmingly rejected by Swiss voters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Merchant Innovation
Fair CEO: Why Cars-As-A-Service Is The Future Of Driving
June 11, 2018

Before the internet made car pricing transparent, a car’s value was a big unknown for the consumer. Buyers would dealer-hop, negotiate for hours and do the back-and-forth between dealers before, mostly out of sheer exhaustion and frustration, buy a vehicle. Get the Full Story Complete the form...

eCommerce
OB1 CEO: OpenBazaar, P2P The Key To Private, Global eCommerce – With Cryptos, Too
June 11, 2018

OpenBazaar bills itself as a new way to transact online, through decentralized markets and with cryptocurrencies.  At the root of the global push of OpenBazaar is a business model with no restrictions (or fees), as parent company OB1 CEO Brian Hoffman tells PYMNTS, aiming to...

Omnicommerce
Big Or Small, Pharmacy Success Often Equates To Offering Convenience
June 11, 2018

It’s a tough time to be a small pharmacy, with national chains like CVS and Walgreens dominating two-thirds of the prescription drug market in the U.S. To stand out from their competition, says Brian Zone, owner and founder of Long Island Apothecary, independent pharmacies must...

International
Around The World With World Cup Commerce
June 09, 2018

In one week, the FIFA World Cup Men’s Soccer competition will kick off in Russia. For most of the world that is big news. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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...