Traditionally, luxury fashion stayed away from Web-based sales because of its desire to cater to the ultra-wealthy who were more likely to spend their dollars at high-end shops. The fashion startup scene, however, has changed that notion and started catering to the tech-savvy wealthy who...
Most of the fallout in China may have settled from Alibaba’s fight with a Chinese regulator over fake merchandise sold through the e-commerce giant’s online marketplaces. But now Alibaba faces potential problems from another direction: the U.S. Securities and Exchange Commission, The New York Times...
Despite a fierce rivalry in all other areas, Chinese mobile payment giants Alibaba and Tencent have agreed to a rare truce in the taxicab industry, according to The Wall Street Journal, as the companies look to focus their energies — and their cash — in areas where...
According to new research released by the Aite Group, 59 percent of U.S POS locations will be chip compatible by the end of this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Moda Operandi has raised a $60 million round led by Fidelity Investments to make high fashion more high tech and convenient for a younger client base and accessible to an emerging jet set in global markets lacking in high-end retailers. Get the Full Story Complete...
Wanderu is on the move. 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, PYMNTS Today. By completing this form, you agree to receive...
Visa customers’ lives are about to get that much easier when they are planning to be traveling far from home. Whereas it was once necessary to call the bank before leaving or risk the bank turning off the card for fear of fraud at the...
The merchant search to find better ways to connect with consumers via gifts, offers, discounts and more remains one of the key drivers of payments innovation today. But Henry Helgeson, CEO of Cayan says that with the “looming cloud” of EMV and security, there needs...
While smartphones seem to be progressively devouring the day for most Americans, mobile commerce and mobile payments are lagging far behind the other uses of mobile devices, according to a new pair of surveys. Get the Full Story Complete the form to unlock this article...
