News

Faster Payments
Tapping Into The Blockchain For The Evolution Of Faster Payments
October 06, 2016

Clearance granted … immediately? New developments in blockchain technology could be taking faster payments to another next level. In the latest Faster Payments Tracker™, PYMNTS spoke with Karen Hsu, head of growth at BlockCypher, about where the challenges and opportunities currently exist in the blockchain...

Mobile Payments
UK Contactless: It’s A Record!
October 06, 2016

The summer in the U.K. didn’t break any records for sunny spells, but it did for contactless spending. A threefold year-on-year increase was reported by data from the U.K. Cards Association. Also, the low value of the pound is pushing up spending in the hospitality...

Welcome to the Bionic IPO?
October 05, 2016

Nutanix soared 131 percent in the first day of trading. What might that mean for other tech IPOs when — and if — they come down the pike?

Retail
Vacancies At U.S. Malls Down In Q3
October 05, 2016

Retail mall vacancies fell to 7.8 percent in the third quarter, down from 7.9 percent in the previous quarter, according to a report from real estate research firm Reis Inc. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Gig App Confirms Gig Economy Here To Stay
October 05, 2016

Some call it a job, others call it a gig. In the “gig economy” that latter wins out. And now, a new app — called Gig — is embracing that ideology and mixing with the “Uber of X” concept. Get the Full Story Complete the...

International
Peach Payments Takes On FinTech Expansion In Africa
October 05, 2016

South African FinTech Peach Payments announced on Wednesday (Oct. 5) plans to expand its business to Kenya and Nigeria. 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...

Facebook’s Black Marketplace Glitch
October 05, 2016

Facebook this week had it’s own version of “Cyber Monday.” Introducing the Facebook Marketplace on the mobile app in the morning, by sundown, the company was issuing apologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Cheap Groceries Create Empty Restaurants? Darden’s CEO Doesn’t Think So
October 05, 2016

Grocery prices — as we have reported often recently — have been on the decline nearly across the board lately. A mixture of factors — commodity prices trading at unusually low levels, resultant falling food prices and the expanding number of players competing for grocery...

eCommerce
Nordstrom Makes Trunk Club A Bit More Costly As It Tightens Up eCommerce Operations
October 05, 2016

Nordstrom’s Trunk Club is going to get a bit more spending, as the service is now charging a $25 try-on free and shortening the window for returning unwanted goods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...