News

Regulation
Is GDPR EU’s Frankenstein Monster?
May 31, 2018

Two hundred years ago, the world was introduced to Dr. Victor Frankenstein. 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. By...

Artificial Intelligence
Samsung Rolls Out Babylon AI Doctor
May 31, 2018

Babylon, the digital health startup out of the U.K., inked a deal with Samsung in which it will provide consumers with access to artificial intelligence-enabled doctors via smartphones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Loyalty & Rewards
Chase Dials Back Sapphire Reserve Card Perks
May 31, 2018

Chase has decided to stop offering price protection as a perk on its Sapphire Reserve card. 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...

Ridesharing
Uber Says No To $3B Buffet Deal
May 31, 2018

Warren Buffett has confirmed that he has held talks with Uber, with reports saying that his company, Berkshire Hathaway, offered Uber a $3 billion investment earlier this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Partnerships / Acquisitions
Tencent Partners For ‘Smart Retail’
May 31, 2018

The Chinese real estate giant Dalian Wanda Group is creating a joint venture with Tencent, one of China’s biggest technology companies and the former local unit of Groupon, in order to join together online and offline businesses. Get the Full Story Complete the form to...

eCommerce
Cargo Crime Wave Hits Brazilian eCommerce
May 31, 2018

Brazil is dealing with a dramatic rise in cargo robberies, with 22,000 thefts reported in two states alone last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Electric Scooter Startup Bird Looking To Raise $150M
May 31, 2018

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...

Retail
Walmart Sends Its Workers To College
May 31, 2018

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...

Digital Banking
Citigroup Spends Billions On Tech To Keep Competitors At Bay
May 31, 2018

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...