Bird, an electric scooter-sharing startup, is trying to raise $150 million in a funding round that will bring its valuation to $1 billion to become the first scooter unicorn. According to Bloomberg, the round is being led by Sequoia Capital — and sources say the company...
Walmart is sending its employees to college in an effort to get them to stay with the company. 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...
Citigroup Chief Executive Michael Corbat disclosed Wednesday (May 30) that around 20 percent of the New York national bank’s expenses go for technology — which amounted to greater than $8 billion last year. Get the Full Story Complete the form to unlock this article and...
As commerce goes increasingly digital, the bad guys are going omnichannel. More and more, according to Luke Reynolds, CPO at Featurespace, fraudsters are "going back to basics" across telephony and duping call center agents. Here's how FIs can ferret out the bad actors and avoid...
In 2016, 95 percent of transactions in India were done in cash and there were approximately 60 million online shoppers, representing about 14 percent of the nation’s internet-using base, according to a late 2017 report by Morgan Stanley. Get the Full Story Complete the form to...
Online games and eSports are becoming an important segment for payment providers: Gaming now accounts for more than $12 billion of PayPal’s total payment volume worldwide, for example. That figure marks an increase of more than 23 percent year over year in 2017, PayPal reported...
Welcome to Five at Five, your late look at payments and commerce news that you might have missed. Today we take a look at what Walmart wants to do about drones and inventory tracking, and how the job market looked this spring. Acorns has an...
Belgian Post Group (Bpost), the Belgian postal operator, announced Wednesday (May 30) that it is joining forces with DHL to provide eCommerce deliveries in the region of Benelux. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Tradeshift, the supply chain payments, and marketplaces company announced Wednesday (May 30) that it is raising $250 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments). Get the Full Story Complete the form to unlock...
