News

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

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Applebee’s Owner Plans New Locations, Promotions
Applebee’s Owner Plans New Locations, Promotions
February 25, 2020  |  Restaurant innovation

Applebee’s parent company, Dine Brands Global, said that there will be fewer closures of Applebee’s this year and that it will even try to open...

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WeChat Pay, Network International Team On UAE Merchant Payments
WeChat Pay, Network International Team On UAE Merchant Payments
February 25, 2020  |  Retail

Tencent Holdings, the company that developed mobile payment app WeChat Pay, has teamed up with Network International to allow for the service to be available...

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Intuit Buys Credit Karma For $7.1B
Intuit Buys Credit Karma For $7.1B
February 25, 2020  |  Partnerships / Acquisitions

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 billion on Monday (Feb. 24), according to published reports. The bookkeeping...

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Revolut Raises $500M, Aims For Profits In 2020
Revolut Raises $500M, Aims For Profits In 2020
February 24, 2020  |  Investments

After raising another $500 million in its Series D fundraising, Revolut plans to increase daily engagements and has set its sights on profitability this year,...

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Is Amazon’s Delivery ‘Purge’ A Boon To Last-Mile Rivals?
Is Amazon’s Delivery ‘Purge’ A Boon To Last-Mile Rivals?
February 24, 2020  |  Amazon

When the axe falls from Amazon, the ripple effects are significant, especially for smaller logistics firms. Several companies have enjoyed the fruits of partnering with...

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Venmo App Lets Parents Create Debit Card For Kids
Venmo App Lets Parents Create Debit Card For Kids
February 24, 2020  |  Merchant Innovation

Venmo is branching out to target a new demographic in its payments service: teenagers, according to published reports on Monday (Feb. 24). A new proposed...

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Upswing In Sales Propels Target Into Top 10 eCommerce Sites
Upswing In Sales Propels Target Into Top 10 eCommerce Sites
February 24, 2020  |  eCommerce

Target’s strategy to concentrate on its eCommerce business has moved the big-box retailer to the No. 8 position in eMarketer’s latest ranking of the nation’s...

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Warren Buffett Says Crypto Has ‘Zero’ Value
Warren Buffett Says Crypto Has ‘Zero’ Value
February 24, 2020  |  Cryptocurrency

Warren Buffett, the CEO of Berkshire Hathaway, continued his public aversion to cryptocurrency by once again disavowing it as having no value, according to a...

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Retail Bankruptcies Fuel The Overstored Debate
Retail Bankruptcies Fuel The Overstored Debate
February 24, 2020  |  Retail

Another bankruptcy; another week of trying to sort out the problems at retail. With news that Pier 1 Imports has filed for Chapter 11 bankruptcy,...

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