News

Retail
Walmart Gives Up On Unpopular Self-Checkout Service
May 16, 2018

Walmart has ended its self-checkout service after it failed to become a hit with customers. 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
Flywire CISO: SOC 2 Type II Audits’ Silver Lining
May 16, 2018

If control is everything in data security, SOC 2 seeks to help service providers maintain and manage customer data in amid a series of “trust principles” – and maintain control in the process.  Flywire CISO Barbara Cousins tells Karen Webster that the value of SOC...

Regulation
Worldpay SVP: Why States Won’t Play Around With Sports Betting Regs
May 16, 2018

Today, illegal gambling represents a $150 billion business. Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme Court to axe a federal law that prohibited gambling on sports in most U.S. states....

Digital Banking
TRENDING: Prepping Banks For AI’s Pandora’s Box
May 16, 2018

From artificial intelligence to blockchain to new mobile app features and offerings, banks and financial institutions are investing more in innovations to give customers a better experience and gain an edge over their competition. Get the Full Story Complete the form to unlock this article...

Regulation
German Spy Agency Says Regulation Of Social Media Firms May Be Necessary
May 15, 2018

The intelligence agency in Germany implied on Monday (May 14) that more regulation may be applied to social media companies if the European Union can get them to increase their accountability for spreading illegal and dangerous content. Get the Full Story Complete the form to unlock...

Alternative Finances
Finding A Better Credit Fix For Near-Prime Customers
May 15, 2018

Fair Square Financial entered the financial services world a few years ago with two observations about why the world needed another non-bank lender. The first being that the ways credit is underwritten could use a good deal more specificity. Get the Full Story Complete the form to...

Retail
Investors Believe Home Depot Can Compete With Amazon
May 15, 2018

As shares of Home Depot have risen with the coming of spring, some investors are bullish on the chain and believe it can compete with online retailers such as Amazon. The company’s stock has risen more than 10 percent since the beginning of April, outpacing...

Retail
From Chatroom Buddy To Mall Concierge: The Evolution Of Chatbots
May 15, 2018

In the 1960s, Massachusetts Institute of Technology professor Joseph Weizenbaum came up with a revolutionary idea: a computer-based script that would take in phrases and generate a response. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Majority Of Company Leaders, Employees Leaving Toys R Us
May 15, 2018

Toys R Us CEO Dave Brandon — along with other members of the leadership team and the majority of employees—are leaving the company. A company spokesperson confirmed to Retail Dive that Brandon and the executives “fulfilled their professional and fiduciary responsibilities to the company.” Get the...