News

Retail
Walmart’s Patent Filings Include Drones And Inventory Trackers
May 30, 2018

With a bevy of patent filings, Walmart is focusing on improving the in-store experience and the technology that powers its stores behind the scenes. CB Insights said the retailer has filed a little more than 1,400 patents since 2009, CNBC reported. Get the Full Story Complete the...

Retail
Nordstrom Plans More Inventory-Less Stores
May 30, 2018

A few months after Nordstrom rolled out its Nordstrom Local concept in West Hollywood, the retailer is planning on adding two more locations in Southern California. The company is also open to bringing the concept to other cities, retail news source Chain Store Age reported....

B2B Payments
Higher Learning, Hit By Payments Fraud
May 30, 2018

Is higher education a conduit to workers skimming from their institutions of learning? 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....

Delivery
The Struggle For Better eCommerce Deliveries
May 30, 2018

It’s a problem that still vexes retailers: How to craft logistics so that online consumers don’t abandon you. Developments over the last few weeks show not only where those merchants are headed, but what isn’t working. Among the projects with the most interest is whether...

CFPB
CFPB, CFTC Develop FinTech Regulatory Sandbox
May 30, 2018

The Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory sandbox for FinTech firms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Partnerships / Acquisitions
PayPal Buys AI Prediction Platform
May 30, 2018

PayPal announced Tuesday (May 29) that it has acquired Jetlore, the artificial intelligence-powered prediction platform. 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,...

Security & Fraud
SEC Stops Fraudulent ICO That Raised $21M
May 30, 2018

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering (ICO) allegedly run by Titanium Blockchain Infrastructure Services Inc., which has raised as much as $21 million from investors in...

Security & Fraud
Yahoo Hacker Sentenced To Five Years
May 30, 2018

Karim Baratov, a Canadian that has been charged with hacking Yahoo‘s email for the Russians, has been sentenced to 60 months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Daimler Takes Stake In Ride-Hailing Startup Taxify
May 30, 2018

Daimler, the German carmaker that owns Mercedes-Benz, has acquired a stake in Taxify, the ride-booking startup, in a round of fundraising that gives Taxify a valuation of greater than $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...