News

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

(source: pymnts.com)

Amazon Celebrates Handmade’s 5th Birthday
Amazon Celebrates Handmade’s 5th Birthday
September 21, 2020  |  Amazon

Amazon.com Inc.’s Handmade, the platform for artists to sell handcrafted goods online, is celebrating its fifth birthday. Based on selection and crafters, the world’s largest...

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Walmart Launches Private Label Fashion Brand
Walmart Launches Private Label Fashion Brand
September 21, 2020  |  Retail

Walmart wants to bring a bit of the high-fashion catwalk to its store aisles. The retail giant is starting “a fashion essentials-inspired brand for both...

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Ant Group’s Planned IPO Could Raise A Record $35B
Ant Group’s Planned IPO Could Raise A Record $35B
September 21, 2020  |  IPO

Ant Group, the online payment provider for China-based Alibaba Group Holding Ltd., is seeking a record return of at least $35 billion as it goes...

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Looking At The Payroll Pressures SMBs Face — And What’s To Come
Looking At The Payroll Pressures SMBs Face — And What’s To Come
September 21, 2020  |  Economy

What will the 42 percent solution be? Recent PYMNTS data show that 42 percent of Main Street small and medium-sized businesses (SMBs) have reduced payroll...

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Investors Want Shakeup In Uber Self-Driving Car Division
Investors Want Shakeup In Uber Self-Driving Car Division
September 21, 2020  |  Ridesharing

Uber Technologies is under increasing pressure to find new investors and revamp the strategy for its experimental, self-driving car division, which has begun to lose...

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FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
September 21, 2020  |  Security & Fraud

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed, documents...

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Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks’ Aggregation Platform
Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks’ Aggregation Platform
September 21, 2020  |  Partnerships / Acquisitions

Swedish open-banking platform Tink and U.K.-based OpenWrks have entered into a strategic partnership that includes Tink acquiring OpenWrks’ aggregation platform for an undisclosed sum. Tink...

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Paya To Purchase Utility Payments Processor, The Payments Group
Paya To Purchase Utility Payments Processor, The Payments Group
September 21, 2020  |  Acquiring

Paya, the Atlanta-based digital payment processor, has signed an agreement to acquire The Payment Group (TPG). TPG of Texas provides payment solutions to more than...

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Walmart Tries Private Label On For Size
Walmart Tries Private Label On For Size
September 21, 2020  |  Retail

Just a week after Amazon debuted its Luxury Store within its app for the couture crowd, Walmart is following with its own private label bid...

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