Ant Financial names new CEO, Facebook developing rival OS, Why cloud computing may be payment’s stealth gamechanger

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

December 20, 2019

PODCAST: This Weeks In Payments

The Week In Payments: Acquisitions, Partnerships And A Team Of Rivals Unite Over Standards

It's been a full week in payments, particularly when it comes to big partnerships — since everyone is seemingly looking to make friends and influence the market. This Week In Payments, features Flywire CEO Mike Massaro and Karen Webster riffing on Great Hill’s VersaPay buy, Citi’s partnership with PayPal and why Google, Amazon and Apple are getting together to make smart homes even smarter.

 

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Retail Reinvention

Why Rent The Runway Wants To Become The Amazon Prime Of Retail

In just a decade, Rent the Runway has gone from being a niche service for adventurous shoppers to an oft-imitated retail institution. Chief Operating Officer Anushka Salinas tells PYMNTS, it’s just getting started. Because it's more than a fashion firm, it’s a tech and logistic company, she says — and it won't stop until its known as the Amazon Prime of retail.

 

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Buy Now Pay Later

Giving Layaway A Digital Reboot

Layaway exploded onto the retail scene 90 years ago as store-saving innovation during the Great Depression. Time and consumers moved on — particularly to store-branded cards — but also along came the debt those cards brought with them. That’s what inspired the design of Afterpay, its CEO Anthony Eisen tells PYMNTS. Here’s how it has focused on redesigning layaway for the modern age instead of trying to change consumer behavior.

 

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Cloud Computing

Why Cloud Computing May Be Payments’ Stealth Game-Changer

One of the closest things to a secret sauce in payments and commerce is cloud computing, which is making a play as one of the main foundations for tech progress in the industry. And new entrants are trying to change the game and gain ground in a world dominated by the likes of Amazon Web Services. Wasabi CEO David Friend tells PYMNTS about the newest trends and pricing in cloud computing, and why speed matters going into 2020.

 

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Fraud Decisioning Playbook™

How TripAdvisor Sends Review Fraudsters Packing

Reviews are a critical part of the online travel economy, with online shoppers poring over feedback to decide which companies to patronize. But false reviews can devastate a business's reputation and bottom line if left unchecked. In the latest Fraud Decisioning Playbook, James Kay, TripAdvisor’s director of issues management, tells PYMNTS how the travel platform detected and eliminated one million fake reviews with its fraud detection system, leaving only legitimate reviews for customers to peruse.

 

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