News

Investments
Revolut for Mobile Currency Exchange Closes Its Seed Round
August 03, 2016

Currency transfer and finding ways for consumers to avoid the inevitable fees is a hot spot for FinTech startups. 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...

eCommerce
Birchbox Eeks Out $15M Round
August 03, 2016

Birchbox has managed to raise some new funding in the form of a convertible note – meaning as of now Birchbox has a loan that could later morph into an equity stake. Birchbox has also now has access to a several-million dollar credit line, according...

Retail
Office Depot Closes More Stores In Face Of Falling Profits
August 03, 2016

Office Depot came to the plate with its announced profit for Q2, $210 million — a big step up from the $58 million in losses they were reporting during Q2 2015. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
What Will Retail Look Like In 2020?
August 03, 2016

We all know — and keep hearing almost ad nauseam — all about how the rise of online shopping is changing the very face of the retail industry and consumer habits. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Can AI Save eBay?
August 03, 2016

EBay was one of the fledgling internet companies at the center of the dot-com boom of the mid-to-late 1990s, and the online marketplace has outlasted more than its fair share of competitors who have not been so fortunate (hello AOL, Yahoo). However, eBay has had...

International
Brexit Leading To Bigger Grocery Bills In Britain
August 03, 2016

Supermarket prices rose about 1 percent in July in the United Kingdom, the second straight month prices have increased, which seems to suggest more fallout from the U.K.’s controversial Brexit vote to leave the European Union. Get the Full Story Complete the form to unlock this...

Merchant Innovation
Mastercard And BJ’s To Offer A ‘Priceless’ Boston Experience
August 03, 2016

Boston doesn’t quite make it into the top tier of U.S. cities, like New York, L.A. and Chicago, but what it does offer in history, culture and sports draws tourists from across the country. New England likes to take care of its own, though, and...

Mobile Commerce
Shoppable Secures $3.5M In Series A
August 03, 2016

It’s not cheap work ensuring that wherever customers want to checkout, their favorite merchants are ready to meet them there. That’s been the mission statement of New York’s Shoppable since it launched in 2011, and a recent round of financing should keep the gears of...

Risk Management
Chapter 11 Watch: Retailers Head Back To School, Jewelry Loses Its Shine
August 03, 2016

The dog days of summer are finally upon the retail world, and if department stores didn’t take the spring and early summer to make up for the slow sales of a warm winter, it might be too warm and muggy to do much about that now. Get...