News

Partnerships / Acquisitions
IBM Acquires Armanta For Watson Financial Services Portfolio
May 04, 2018

IBM has acquired New Jersey-based FinTech firm Armanta to join its Watson Financial Services portfolio. 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,...

CFPB
PHH Walks Away From High Court Appeal On CFPB Constitutionality
May 04, 2018

PHH Corporation has decided not to appeal a case that questioned the constitutionality of the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Latin America
Letting The Air(TM) Out Of Venezuelan Hyperinflation
May 04, 2018

Hyperinflation has driven the Venezuelan Bolivar to near uselessness. How are individuals supposed to save and manage money when their currency is hemorrhaging value? AirTM lets them convert their earnings to a stable currency such as USD via two-sided marketplace. Co-founder Ruben Galindo Steckel explains...

News
Five At Five: How Amazon Wields Influence In Real Estate
May 03, 2018

Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories include the latest on Amazon: Its apparent power over city planning and its new tactic to increase the popularity of Amazon Pay. In other news,...

Investments
SoundHound Raises $100M In A New Round Of Funding
May 03, 2018

SoundHound, a voice-enabled artificial intelligence (AI) and conversational intelligence technologies company, announced news on Thursday (May 3) that it has raised $100 million in new funding from a group of strategic investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Merchant Innovation
Instagram Rolls Out Native Payments
May 03, 2018

Expanding upon its in-app commerce efforts, Instagram has quietly introduced a native payments feature. With the new functionality, users can register a credit or debit card and make payments within the social media platform after setting up a security PIN, TechCrunch reported. Get the Full...

Retail
Walmart.com Redesign Is Live
May 03, 2018

Walmart today began rolling out its new website to customers. The goal of the redesign was to give the site a new look and feel — “cleaner” and “more modern,” according to a company blog post — more local and personalized elements and specialty shopping experiences...

Payment Methods
Chinese Millennials Drive Spike In Overseas Alipay Use This May Day
May 03, 2018

There’s nothing like a holiday to get people spending — and it’s not just Christmas and Hanukkah. In America, holidays like Halloween, Father’s Day and Mother’s Day, Easter and Valentine’s Day can really get the funds flowing. Consumers also drop big dollars on travel and...

Retail
Wildfang Is Building Its Brand With Clicks And Bricks
May 03, 2018

Log another win for brick-and-mortar in the retail history books: Despite years of retail apocalypse criers, the industry continues to show that it’s not dying at all — it’s just evolving. Get the Full Story Complete the form to unlock this article and enjoy unlimited...