PayPal invests $750M in MercadoLibre, EU antitrust chief against big tech breakup, Neighborhood Goods CEO on reinventing the department store

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

March 12, 2019

PODCAST: The Matchmaker Is In

How Neighborhood Goods Is Breathing New Life Into The Department Store Model

Neighborhood Goods CEO Matt Alexander tells Karen Webster that consumers don’t hate department stores — they hate what they’ve become. That’s why he’s going back to the golden age of retail, and using connective tech to reinvent the model. Here’s why Alexander says he can do it — and why the jury’s still out on whether incumbent players will get the experiential text message.

 

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Omnichannel

For Omnichannel, The Revenge Of Brick-And-Mortar

Omnichannel’s reality has yet to catch up to its promise from years ago. However, NMI CEO Vijay Sondhi says payment providers and merchants are using new tools to create that unified experience across all points of contact. Here’s how.

 

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FI/FinTech Partnerships

Helping Community Banks Turn On The Innovation Switch

Community banks know they need to step up their digital game to compete, and that FinTech partners can help. Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America (ICBA), tells PYMNTS that accelerator programs can help community banks and FinTech firms turn the innovation switch on.

 

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Digital Banking Tracker™

How Wells Fargo Uses AI, Biometrics To Fight Money Laundering

Money laundering scandals expose weaknesses of which fraudsters are taking full advantage. In the new Digital Banking Tracker, Chuck Monroe, head of AI enterprise solutions for Wells Fargo, tells PYMNTS how the bank is using AI and biometrics to track patterns that human analysts overlook, and can see transactions as a continuum of user behavior instead of isolated incidents.

 

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What's Hot


PayPal Invests $750M In MercadoLibre


Amazon Lifts Price Parity Rule For Third-Party Merchants


Google Debuts Travel Bookings Feature


Startups May Need An Export License To Hire Foreign Nationals


Instagram Founders Denounce Warren’s Big Tech Breakup


Berners-Lee Says Modern-Day Web Has Been Misused


Waymo Seeks Funding To Boost Valuation


Apple To Announce Streaming, Subscription Services On March 25


EU Antitrust Chief Says To Regulate Data, Not Break Up Tech


Bitcoin Daily: Last Year’s Crypto Startup Failure Rate; Deutsche Börse, Swisscom To Create DLT Ecosystem


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