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View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com
(source: pymnts.com)
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20InternationalChina’s eCommerce To Take A Hit From Coronavirus?
Might eCommerce – in China, yes, but also well beyond that country’s borders – be among the casualties of the Coronavirus? More...
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28BankingNew UK Bank Will Cater To Farmers Who Need Funding
A new British bank that will launch later in 2020 is aimed at securing funding for farmers, according to a report. Oxbury,...
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136RegulationUK Watchdog Seeks Tighter Grip On US Big Tech
The U.K.’s Competition and Markets Authority (CMA) is pushing for more leeway to go after U.S. Big Tech firms in the wake...
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140RetailCars.com Traffic Revs Up With Carmakers’ Super Bowl Ads
The Kansas City Chiefs won the Super Bowl, but Cars.com is claiming a different kind of victory. Although it didn’t run its...
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428Data DiveData Dive, The Bad, The Worse And The Ugly Edition: Store Closures, Coronavirus And Bitcoin
There was lots to watch in the world of payments and commerce last week, with red flags flown in physical retail, international...
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444SMBsGoldman, Amazon Discuss SMB Lending Partnership
Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S.,...
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524RetailFighting The Friction In Retail Returns
Free returns have become something of a standard offering for eCommerce consumers. What better way to compensate for an improperly fitting clothing item...
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448Today In DataInnovating In Cities With Electric Vehicles, Cashierless Stores
The electric scooter and bike race in Washington, D.C. has become more complicated in the last few months, as the district has...
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461RetailTaking Laundry Off The To-Do List With On-Demand Apps
Everyday chores are a challenge for working parents who have to balance their lives between jobs and families. They spend time away...
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468RetailSocial Shopping Struggles With The Burden Of Potential
2020 just might be the year that the long-awaited social shopping business actually shows up. Ever since Facebook and Google put their...
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394RegulationIn Europe, Single Data Market Looms?
In Europe, another regulatory salvo may be aimed at U.S. tech firms’ dominance across online platforms, and the collection and use of...
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414RetailAnalyst Reduces iPhone Supply Predictions Due To The Coronavirus
With concerns that the coronavirus in China will impact the supply of iPhones, Apple analyst Ming-Chi Kuo said his company, TF international...
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624Partnerships / AcquisitionsWorldline’s $8.6B Ingenico Deal Births Fourth-Biggest Payments Titan
Two European payments behemoths — Worldline and Ingenico — are merging in an $8.6 billion deal to create the industry’s fourth-largest company...
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735RetailForever 21 Could Be Sold To Real Estate Firms, Licensing Co. For $81M
With an offer that establishes a minimum price on the assets of the bankrupt merchant, Forever 21 Inc. came to a deal...
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862Digital BankingATMs Are Ahead Of Their Time — Again
The automated teller machine (ATM) debuted 51 years ago in the U.S., dispensing small preset amounts of cash … and that’s about...
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720Platform PaymentsCan AI Fix Consumer Onboarding Security Hiccups?
The sharing economy’s business model is straightforward: Individuals list goods and services on curated online platforms that foster pain-free connections to renters...
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760B2B PaymentsHow HR’s Self-Service Shift Drives Payroll To Unlock Data
As open banking frameworks continue to encourage bank-FinTech collaboration, the financial services market is exploring new ways to unlock data — not...
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619B2B PaymentsReverse Factoring’s Late Payments Controversy
The conversation surrounding late supplier payments is proliferating as new controversies emerge about the impact of reverse financing on supplier payment practices,...
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772RegulationAPIs May Be The Key To Singapore’s Open Banking Future
Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore,...
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578Next-Gen DebitDeep Dive: Assessing And Tackling Debit Card Fraud
Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false...
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780Payment MethodsFCA Tells Credit Cards To Ease Up On Non-Payers
The U.K. financial watchdog the Financial Conduct Authority (FCA) is telling credit card companies to reduce fees on non-payers’ debt rather than...
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1.5KMastercardMastercard CEO Pushes Back Against National Payments Systems
Ajay Banga, the chief executive officer (CEO) of Mastercard, is adamantly against any attempts to fracture the Global Payments Systems (GPS) into...
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2.4KRetailWhy Consumers Are Firing Traditional Retailers
“Jobs to be done” – a theory popularized by the late Harvard Business School Professor Clayton Christensen – is the notion that...
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2.0KBitcoinBitcoin Daily: Bitcoin Hack Victims To Receive $13.8M; Bermuda Gov’t Boosts Blockchain Adoption
Denis Pitcher, chief FinTech advisor to the Premier of Bermuda, told CoinDesk on Sunday (Feb. 2) that he is planning to introduce...
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1.2KPersonnelTrulioo Taps Amex Exec, ID Vet As Board Member
Global identity verification provider Trulioo has tapped American Express (AmEx) executive Lisa Stanton to join its board of directors, Trulioo announced on...
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933InternationalPBOC Pumps $173B Into Chinese Economy To Combat Virus Impact
The Chinese government braced for additional economic turmoil, took steps to bolster its lagging economy and activated new safety measures as the...
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1.1KB2B PaymentsThomasNet CEO: How A 122-Year-Old Company Sees B2B Payments Evolution
As is so often the case with technological disruption, the digital evolution of supply chains remains slow and steady. That’s not to...
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1.0KSubscriptionsHulu: Why Championing Choice Is The Future Of Streaming Subscriptions
In the space of about 18 months, it seems that everyone is trying to rule the subscription streaming world. There are the...
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1.5KInnovationBanking-As-A-Service’s Secret Sauce
Remember that old term “banker’s hours?” That term, which fairly or unfairly suggested that banks were centers of slow-moving progress and relatively...
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1.5KInnovationCybercrime’s New Stomping Grounds: Smart Cities
For at least the last five years — futurists and smart technology boosters have been touting the inevitable rise of the smart...
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1.3KInternationalUber Bans 240 Mexican Passengers As Coronavirus Precaution
Approximately 240 Uber users in Mexico can’t use the service now, their accounts suspended by the parent company after concerns over the...
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999PersonnelWeWork Gets New CEO
WeWork, a shared workspace and real estate company, named industry veteran Sandeep Manthrani as its new chief executive officer, according a report...
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1.2KCryptocurrencyJapan’s Line Social Network Approved To Trade Cryptocurrency
Japanese social media network Line can begin trading its own digital currency among its 700 million users beginning in April 2020. Available...
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968Security & FraudFCC To Crack Down On Sharing Of Mobile Users’ Location Data
Wireless networks that sold their customers’ real-time location data violated U.S. law, Federal Communications Commission (FCC) Chairman Ajit Pai wrote in a...
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1.3KSecurity & FraudBOJ: 40 Pct Of Japan’s Financial Firms Victims Of Cyber Attacks
Ahead of hosting the 2020 Olympics in Tokyo this summer in July and August, Japan’s financial institutions have been cautioned to be...
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977AppleApple To Temporarily Shutter All China Stores
The spread of the coronavirus has prompted Apple to shutter its corporate offices and 42 retail stores in mainland China through Feb....
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1.3KDelivery‘Ghost Kitchens’ Set Up Shop In Malls
Property builders are constructing kitchens in empty malls to help fill food-delivery orders, a new strategy to service the flourishing business segment...
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2.0KInternationalIndia’s Gaana Streaming Service Far Surpasses Apple, Spotify
India has access to the well-known music streaming sites Spotify and Apple Music, but it’s the country’s homegrown Gaana that is getting...
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3.3KB2B PaymentsAccounting Firms MYOB, Xero Eye Invoice Finance Solutions
Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees...
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1.4KB2B PaymentsSMBX, Degrees Plato Partner For Bond Offering
Small business bond marketplace SMBX and taproom and eatery Degrees Plato are partnering to introduce Degrees Plato’s Small Business Bond offering, the...
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1.3KB2B PaymentsOneWest Bank Unveils Mobile App For Small Businesses
CIT’s Southern California branch network, OneWest Bank, unveiled a new mobile app to help small businesses meet their financial goals. “Small business...
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1.2KB2B PaymentsProposed Fed Rules Could Allow Banks To Fund Startups
A proposed change to a post-financial crisis rule could shake things up for banks, making it easier for them to invest in...
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1.9KRetailSuper Bowl Commerce Preview: Avocados, Spiteful Beer And A $6M Thank-You
The Super Bowl is nearly upon us – the Kansas City Chiefs are headed to their first “big game” in 50 years...
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2.6KInvestmentsModa Operandi Raises $100M To Invest In Upscale Fashion Marketplace
Online fashion marketplace Moda Operandi announced a $1 million funding boost that it will use to invest in its technology and bolster...
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1.8KInvestmentsPolicygenius Notches $100M For InsurTech Growth
As it aims to invest in adding products and hiring more staff, InsurTech firm Policygenius notched $100 million from investors, with the inclusion of...
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1.8KWalmart Amazon whole paycheckWalmart Amazon Whole Paycheck Tracker: 150M Prime Members And Super Bowl Commercials Take The Field
The big winner in the headlines race this week was certainly Amazon, which dropped a stronger than expected Q4 earnings report capped...
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2.2KRetailCasper IPO Could Mean Reduced Value For Prior Investors
Target’s venture investment in mattress company Casper could prove to be a case of overspending for the retail giant. Casper pitches itself...
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1.9KPartnerships / AcquisitionsTakeaway Says Just Eat Takeover Is Done Deal
While the two firms still need the go-ahead from a competition authority before they combine operations, Netherlands-based online food ordering company Takeaway.com made it...
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1.8KRetailMacy’s To Open New Store Format With Beauty Focus
Macy’s is planning to test a new kind of store with a focus on apothecary and beauty products, which could lead to...
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1.8KThe WeekenderKobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest...
