News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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MercadoLibre Joins Discussions to Apply for Mexican Banking License
MercadoLibre Joins Discussions to Apply for Mexican Banking License
May 21, 2024  |  Banking

MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico’s central bank, finance ministry and banking regulators...

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Lowe’s Targets Smaller Pros for Bigger B2B Growth
Lowe’s Targets Smaller Pros for Bigger B2B Growth
May 21, 2024  |  Earnings

The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer...

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California Supreme Court to Hear Challenges to Gig Worker Law
California Supreme Court to Hear Challenges to Gig Worker Law
May 21, 2024  |  Gig Economy

On Tuesday (May 21), the California Supreme Court will hear oral arguments in a lawsuit challenging a ballot measure known as Proposition 22. The measure,...

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Stripe Steps Up UK Expansion With London Office
Stripe Steps Up UK Expansion With London Office
May 21, 2024  |  Digital Payments

Stripe is reportedly opening a new London location as part of a larger U.K. expansion. This new office will house 250 workers from the payments company’s engineering, sales,...

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Consumers Across Financial Lifestyles Want Malls That Fit Their Needs
Consumers Across Financial Lifestyles Want Malls That Fit Their Needs
May 21, 2024  |  Retail

While malls may not often be associated with living the high life, luxury and aspirational shoppers want to get all their retail needs met in...

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Zoom Doubles Down on AI Strategy to Fuel Future Growth
Zoom Doubles Down on AI Strategy to Fuel Future Growth
May 21, 2024  |  Earnings

Zoom is making a bet that artificial intelligence will be the key to driving growth and expanding its business beyond video conferencing. The video communications...

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Report: US and UAE Plan AI Partnerships
Report: US and UAE Plan AI Partnerships
May 21, 2024  |  Artificial Intelligence

The United States and the United Arab Emirates are reportedly strengthening their artificial intelligence ties. Omar Sultan Al Olama, the UAE’s state minister for AI, said his...

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Deloitte and Basware Partner to Deliver AP Automation, eInvoicing Compliance
Deloitte and Basware Partner to Deliver AP Automation, eInvoicing Compliance
May 21, 2024  |  Accounts Payable

Deloitte and Basware have partnered to facilitate accounts payable (AP) automation, touchless invoicing and compliance with eInvoicing regulations for global customers. Together, they will develop...

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Velera’s Co-op ATM Network Grows With Addition of cPort Credit Union
Velera’s Co-op ATM Network Grows With Addition of cPort Credit Union
May 21, 2024  |  Credit Unions

Maine-based cPort Credit Union has joined the Co-op ATM network offered by Velera, the payments credit union service organization (CUSO) formerly known as PSCU/Co-op Solutions. With the credit union joining the...

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