News

CFPB
Mulvaney Uses CFPB Structure As Excuse To Not Answer Congress’ Questions
April 06, 2018

Consumer Financial Protection Bureau acting director Mick Mulvaney is using the agency’s structure as an excuse to refuse to answer questions about his leadership. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
India Police Tap Central Bank Officials To Help With PNB Inquiry
April 06, 2018

Investigators in India are questioning four senior central bank officials as part of its investigation into the $2 billion fraud case at Punjab National Bank (PNB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Instacart Now Reportedly Has A $4.35 Billion Valuation
April 06, 2018

About a month after Instacart raised $200 million in February, the grocery delivery platform has reportedly notched another $150 million in funding. As a result, Instacart’s Series E round has now reached $350 million – and the company now has a $4.35 billion valuation, TechCrunch...

Artificial Intelligence
AI Gets Personal To Reduce False Declines
April 06, 2018

What could possibly be worse for banks and retailers than fraud? According to Dr. Akli Adjaoute, CEO, Brighterion, it’s declines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Bitcoin
Meet Ben, An AI-Powered Bitcoin Friend
April 06, 2018

Much has been written about buying bitcoin in specific, and cryptocurrency in general. Whether it’s investing or gambling, whether it’s a good idea or immoral – no ink has been spared in uncovering every angle on cryptocurrency and what its purchase and sale will mean...

Payments Innovation
Stripe Rolls Out Billing Amid Subscription Business Boom
April 05, 2018

To simplify the recurring billing process for Software as a Service (SaaS) and subscription-based companies, Stripe has rolled out Billing. The service combines advanced machine learning with automatic card updates to help businesses increase recurring revenue at a time of growth for subscription-based models, Stripe said...

Partnerships / Acquisitions
MoviePass Parent Buys Moviefone From Oath
April 05, 2018

Helios and Matheson Analytics (HMNY) and MoviePass, the movie theater subscription service and a majority-owned subsidiary of HMNY, announced news on Thursday (April 5) that HMNY has acquired Moviefone, an entertainment service owned by Oath Inc., which is the former AOL. Moviefone has more than 6...

International
US, Chinese Retailers Seek International Footholds, Despite Trade War
April 05, 2018

Historically speaking, it has not been easy for U.S. retailers (or any foreign players) to establish a strong presence in the Chinese market. However, many have been working hard to overcome the barriers and do business in the Far East, and some progress has been...

Retail
Albertsons Plans To Bring Plated Meal Kits To ‘Hundreds’ Of Stores
April 05, 2018

After acquiring Plated last year, Albertsons is now planning to offer the company’s meal kits in “hundreds” of its stores. Customers will also be able to order the kits for delivery via Instacart, CNBC reported. Get the Full Story Complete the form to unlock this...