Wells Fargo’s Q2 results reflect strong gains in both second-quarter credit card and deposit accounts. But, not just because of its acquisition of the Dillard’s card portfolio and AmEx deal. Find out what execs say is the real reason behind this strong performance.
Sotheby’s and eBay are partnering up to bring a taste of high-end, big ticket auctions to the auction website that built its reputation on the vast array of Star Wars lunchboxes it initially made available to its user base. Beginning in the fall of 2014,...
In another PYMNTS first, we’re going to bring you weekly scoop on ALL of the investments in the payments space – VC funding, strategic investments, buybacks, acquisitions – for both retail and commercial payments. This week we summarize all that happened in the month of...
In their latest filing with the Securities and Exchange Commission clarifying the Chinese e-retailers forthcoming U.S. IPO, chairman Jack Ma more fully explained the circumstances under which Alipay—the erstwhile payments arm of the company—was spun off from the core business. According to the filing, the...
It’s been a brutal 2014 for those holding stock in retail. According to CNBC, some of the worst performing stocks on the market right now are in retail. Coach leads the underperforming pack, down 39 percent from last year, while Amazon, Whole Foods, Best Buy...
The closing days of Q2 2014 and the dawn of Q3 has seen the cross-border eCommerce world shaken up twice—first with Stripe’s deal with China’s Alipay and then with yesterday’s announcement that Ingenico is acquiring GlobalCollect. BlueSnap CEO Ralph Danglemaier tells MPD CEO Karen Webster...
After months of speculation about the when, Lending Club Corp. has started down the path to going public, tapping banks including Morgan Stanley and Goldman Sachs to help them put together an IPO for later 2014. The P2P lending platform connects investors to individual borrowers...
Rakuten, the Japanese consumer Internet conglomerate, has set it sights on world domination—or at least on global investment. The company is launching a $100 million dollar investment fund to focus on startups in the U.S., Israel and Asia Pacific region. This comes as one of...
Wish uses algorithms and machine-learning tech to learn a user’s taste in order to show them products that they like (or might like) in a detailed, pleasing-to-the-eye format. The site’s commerce-centric Pinterest model has drawn attention from the Founders Fund Formation 8, GGV Capital, Yahoo...
