News

Merchant Innovation
Amazon To Knock Macy’s Out Of Retail Top Spot
July 21, 2015

Just days before the eCommerce giant is set to release its quarterly earnings, financial services firm Cowen released a note yesterday (July 20) which announced its prediction Amazon will take its place as the No. 1 U.S. apparel retailer by 2017, replacing the current title...

Walmart, Costco, Rite Aid And CVS Share Identity Hack Woes
July 21, 2015

A third-party host of online photo sites has found itself hacked, and as a result, photo pages of at least half a dozen of the biggest names in retail have been shut down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IT Execs Remain Confident Amid Escalating Cyberattacks
July 21, 2015

With the number of severe cyberattacks on the rise, Information Technology (IT) executives working within critical infrastructure organizations are pleased with the results of their efforts to improve cybersecurity over recent years, according to a survey released yesterday (July 20) by the Aspen Institute and...

B2B Payments
globalVCard Exec Sees Growing Transition From Paper Checks To Electronic Payments
July 21, 2015

Paper checks are proving to be a stubborn holdout among North American enterprises. With the growth in secure transactions, especially in the B2B space, it seems a wonder that CFOs would still cling to a centuries-old way of conducting transactions. PYMNTS spoke with David Disque,...

International
JD.com Adds ‘US Mall’ To Cross-Border Platform
July 21, 2015

Chinese eCommerce site JD.com announced yesterday (July 20) the launch of its “U.S. Mall,” an online channel of the company’s JD Worldwide platform, which will offer authentic U.S. products to consumers within China.

Alibaba, Unilever Deal Seeks To Reach Chinese Consumers
July 21, 2015

Alibaba Group said on Sunday that it has signed an agreement with packaged goods company Unilever NV to make a sustained outreach to garner more consumers in China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Vroom Scores $54M To Shake Up The Used Car Market
July 21, 2015

Online used-car retailer Vroom announced yesterday (July 20) in a press release that it secured $54 million in a Series B funding.

Acquiring
Mozido Expands Into Africa With NettCash Acquisition
July 21, 2015

The Austin-based cloud platform mobile payments and retail engagement solutions provider announced today it acquired majority ownership of Zimbabwe mobile wallet company NettCash, further establishing Mozido’s foothold in Africa.

Brits Want Faster And Better Payment Methods
July 21, 2015

Banking consumers in the U.K. feel the need … the need for speed (in payments). 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,...