News

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

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Facebook Rolls Out In-App Marketplace In Facebook Shop
Facebook Rolls Out In-App Marketplace In Facebook Shop
August 25, 2020  |  Social Commerce

Facebook has introduced what it calls a new place to discover businesses and buy products on its app. On Tuesday (Aug. 25), Mark Zuckerberg’s social...

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Main Street On Lockdown: The COVID-19 Cash Chasm
Main Street On Lockdown: The COVID-19 Cash Chasm
August 25, 2020  |  Coronavirus

The Paycheck Protection Program (PPP) relief effort began accepting applications from small to mid-sized businesses (SMBs), which employ roughly half of the United States workforce,...

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Alphabet’s Verily, Reinsurer Swiss Re Target Self-Insured Firms With New Venture
Alphabet’s Verily, Reinsurer Swiss Re Target Self-Insured Firms With New Venture
August 25, 2020  |  Healthcare

Verily, an Alphabet company, is creating a new subsidiary, Coefficient Insurance Co., that will be backed by reinsurer Swiss Re Group, according to a Tuesday...

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Apple To Open Spherical Store On Singapore Shore
Apple To Open Spherical Store On Singapore Shore
August 25, 2020  |  Retail

Befitting a company whose new California headquarters is often likened to a spaceship, Apple says it will open a sphere-shaped store on Singapore’s waterfront that...

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Lumin To Provide Digital Banking Services To Texas Credit Union
Lumin To Provide Digital Banking Services To Texas Credit Union
August 25, 2020  |  Cloud Banking

Lumin Digital has inked a multi-year deal that will have the company providing its cloud-based digital banking platform to Texas-based Shell Federal Credit Union. “Shell FCU...

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Cloud Storage Software Maker Snowflake Files IPO
Cloud Storage Software Maker Snowflake Files IPO
August 25, 2020  |  IPO

Snowflake Inc., the Silicon Valley-based cloud-storage software maker, has filed an initial public offering. “We believe in a data connected world where organizations have seamless...

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Judge Tells Apple, Epic Not To Drag ‘Bystanders’ Into Legal Fight
Judge Tells Apple, Epic Not To Drag ‘Bystanders’ Into Legal Fight
August 25, 2020  |  Legal

For Apple and Epic’s court battle, with the first in-person round over and done with (okay, it was on Zoom, actually), next month will shape...

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AR’s Role In eCommerce Is Growing (And Will Likely Outlast The Pandemic)
AR’s Role In eCommerce Is Growing (And Will Likely Outlast The Pandemic)
August 25, 2020  |  eCommerce

As consumers increasingly move to digital commerce in the wake of COVID-19, augmented reality (AR) technology is appearing in various applications as retailers rush to...

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Ant Group Files For IPO, Reports $3B In Half-Year Profits
Ant Group Files For IPO, Reports $3B In Half-Year Profits
August 25, 2020  |  IPO

Ant Group has filed for an initial public offering (IPO) of stock that could be the largest in history. The company’s filing with the Hong...

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