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Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard’s European businesses cater to more than 950 million people via business partnerships with retailers, financial institutions (FIs) and other companies.

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Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones.

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Yotpo Joins UPS eCommerce Tech Program For SMBs

PYMNTS

Yotpo, the New York-based eCommerce marketing platform, has been selected as a partner by the UPS Customer Technology Program ( CTP ) that promises to provide small and medium-sized businesses (SMBs) with access to customer reviews, visual marketing, loyalty and referrals, the company announced. Terms of the deal were not disclosed.

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J. Crew’s Longtime CEO Stepping Down

PYMNTS

J.Crew’s longtime leader Mickey Drexler is stepping down as the company’s chief executive as the retailer struggles with a prolonged sales slump and hefty debt load. Drexler, who has been CEO since 2003, will continue to serve as chairman. Brett joined West Elm, a furniture retailer owned by Williams-Sonoma Inc.,

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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

Razi, whose firm offers payments technology that automates compliance with rules for card surcharging, said that with the decision in the New York case, bans on the bans (so to speak) in the aforementioned states cover 40 percent of the U.S. population.

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The Top 20 Venture Capitalists

CB Insights

We used CB Insights data gathered via our machine learning technology (dubbed The Cruncher ) and from thousands of submissions we received from VC partners and firms via The Editor. 15 of the top 20 operate in the Greater Bay Area. Operating Location: San Francisco, CA. Operating Location: San Francisco, CA.

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The Coming Clash Of The Commerce Titans

PYMNTS

True or false: Thanks to mobile devices and apps, American consumers spend more time today shopping than they did in 2003. In 2003, the Bureau of Labor Statistics reported that American consumers spent roughly 48 minutes a day shopping offline and online. Fifty percent of retail spend happened there.

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