Walmart Canada Eyes Cannabis Industry

PYMNTS

” Earlier this year, Constellation Brands , which owns Robert Mondavi, Corona and Svedka, took a stake in Canada’s Canopy Growth — an up-and-coming player in the blooming marijuana industry. “It’s Retail canada Cannabis Cannabis Industry News walmart What's Hot

The Grocery Industry’s Self-Driving Future

PYMNTS

From connected cars to smart ovens, the Intelligence of Things (IoT) ecosystem is projected to grow into every area of consumer life by the end of 2019. Overall spend on IoT devices is set to skyrocket this year. South Korea alone, for instance, is expected to spend $25.7

Colorado’s Marijuana Industry Tops $6B

PYMNTS

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes generated by the industry grew by nearly 8 percent last year. According to CNBC , the state has blamed its issues on higher taxes placed on the industry and limited access to banking.

InComm To Enter Lottery Industry With Linq3 Acquisition

PYMNTS

Payments technology company InComm has acquired Linq3 Technologies with the purpose of entering the lottery industry, the company announced on Tuesday (March 12).

JPMorgan Will No Longer Bank With Private Prison Industry

PYMNTS

JPMorgan, the biggest bank in the United States by assets, has announced it will no longer finance the private prison industry, according to reports. As part of this process, we will no longer bank the private prison industry.”.

Turning Industrial Procurement Into A Well-Oiled Machine

PYMNTS

In industrial spaces like the oil and gas sector, procurement is no straightforward process. That’s in stark contrast to the “front office” operations of the sector, according to analysis by DNV GL, an oil and gas industry advisory firm.

Retailers Eye Industry-Shaking Innovation With Accelerators

PYMNTS

Think about Farfetch as the platform for the luxury industry.” (The Retailers are turning to accelerators to drive innovation, and Target is taking its program to the international stage: It is teaming up with Germany’s wholesale and food specialist METRO AG for its cohort this year.

Can Crypto Change The Music Industry?

PYMNTS

Others, however, have complained that a million listens on a streaming service are worth about $100 to the writer of the song, once the music industry has taken its cut. Out of The International Consumer Electronics Show (CES) last week — and with several high-profile artists and a few million new dollars in funding — music industry blockchain startup Vezt has recently captured an awful lot of mainstream attention.

Advancing Innovation in the Global Financial Services Industry

Insights on Business

Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. Perhaps no industry more than finance is more concerned about maintaining data privacy. IBM RegTech Innovations.

How Robots Are Shaking Up The Grocery Industry

PYMNTS

It’s a combination of the latest technology and prehistoric human need: the increasing trend of using robots in the grocery industry.

When IoT And The Automotive Industry Collide

PYMNTS

The automotive industry just had a head-on collision — with technology. He explained that the automotive industry is the one place where the concepts of IoT can be made very real to the mass market — where they will be able to see it, understand it and really feel its impact. With the onset of the IoT and a greater focus on innovation, it’s clear the automotive industry is quickly moving toward the opportunity for greater efficiency, McCammon said.

US Banking Industry Had No Failures In 2018

PYMNTS

banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the banking market. According to a report in CNBC , citing Calculated Risk, last year was the first time since 2006 that not one U.S.

Auto Industry Predicts Black Friday Sales Bump

PYMNTS

Auto industry analysts are predicting extended Black Friday deals will offer a bump in car sales this year. Reports in Reuters said industry consulting and auto shopping website Edmunds is forecasting a 3.5 It also doesn’t hurt that automakers are starting to really sweeten the deals to clear out lingering 2017s and end this year on a high note,” said Edmunds’ executive director of industry analysis Jessica Caldwell in a statement Wednesday (Nov.

Pitstop’s Solution To The Auto Industry’s $70B Feedback Problem

PYMNTS

The problem, he said, is that the automotive industry has a bit of a broken feedback loop when it comes to gathering and analyzing vehicle data. This, he noted, was incredibly different from the tech industry where he went on to work as an adult.

Blockchain Startups Fine-Tune The Music Industry

PYMNTS

Startups specializing in blockchain may have their eye on disrupting the $15 billion music industry. According to Forbes , the music industry stands to benefit greatly from the use of blockchain technology. These inefficient intermediaries leave the industry in a position where it is ripe for disruption. The mainstream channels for music distribution in the industry face two major challenges: payments and accessibility.

Post-Equifax Breach, Security Industry Shockwaves And Tremors

PYMNTS

PYMNTS asked nine executives from a cross-section of the payments industry for their thoughts on how Equifax changes everything, and how it doesn’t. Sometimes events in the payments world are seismic ones.

Airline Industry Caught In Late Payment Spats

PYMNTS

Late payments can threaten supply chains in any industry, but one sector in particular has seen the supplier payments struggle turn stark in recent days. Two of the airline industry’s largest players — Airbus and Lufthansa — are caught in late payment disputes, recent reports revealed, and issues can be traced back to contractual disagreements and struggles down the supply chain.

Didi Checks Into Hotel Booking Industry

PYMNTS

China’s largest ridehailing app Didi Chuxing is breaking into the hotel booking business. The news comes as the company tries to recover from two highly publicized murders of female passengers by drivers on its platform, according to reports.

Post-Brexit Pains Hitting Many Industries

PYMNTS

According to a new confidential industry report, the consumer side of British banking could soon find itself hard hit by Brexit. ” Europe Brexit britain economy European Union industry manufacturingJust over three months since Brexit, and the world is starting to see how it’s affected Britain and its economy. Some examples are too micro to overlook. Reuters reported that a British metalworking firm, Robert Bion & Co.,

FSB: Tech Giants Will Shake Up Financial Industry

PYMNTS

The Financial Stability Board (FSB), a global finance regulator, warned that the proliferation of eCommerce giants like Facebook, Amazon, Alibaba and Apple in the financial sector is expected to continue and will disrupt the industry, according to a report.

Blockchain Tracker: Insurance Industry Feels Blockchain Impact

PYMNTS

Blockchain technology has the potential to impact nearly every industry involving money. If there was any industry that could be viewed as the definition of mundane and stuck in its ways, it would be insurance. To help better understand blockchain technology and how it is impacting the insurance industry, we sat down with global innovation platform Plug and Play ’s Principal and Director of InsurTech, Ali Safavi, and its Founder and VP, Scott Robinson.

Storage Industry Surprisingly Highly Lucrative

PYMNTS

eCommerce’s impact on the retail industry has no doubt been immense over the past decade. The cost to operate these new storage industry leases is a fraction of the profits at just $149 million. This type of profit margin has no doubt lured people into going into the storage industry for to store people’s prized possessions. Retail ecommerce News online shopping Public Storage self storage storage facilities storage industry

Industry 4.0 Pulls South Africa’s SMB Banking Sector Into The Technology Mix

PYMNTS

The nation’s unique history and current economic challenges may actually present a prime moment for innovators in the small business (SMB) financial services (FinServ) space, particularly as the Fourth Industrial Revolution ushers in continued digitization across the globe — South Africa included. Challenges like these are a breeding ground for technological innovation, and Sassoon pointed to Industry 4.0 The South African economy has struggled in the last decade.

UK Continues Payments Industry Consolidation

PYMNTS

continues to consolidate its payments industry, with its New Payment System Operator (NPSO) announcing the latest step in the initiative. The U.K. A press release on Monday (July 2) said the NPSO acquired the U.K. Payments Administration and has taken control of the nation’s check and credit clearing operations. The move includes the Cheque and Credit Clearing Company Limited (C&CCC) merging under the NPSO, it said.

EY To Use Blockchain For Auto Industry, Ride-Hailing Services

PYMNTS

Ridesharing bitcoin Blockchain cryptocurrency EY food industry IBM Microsoft News Tesseract Toyota Toyota News What's HotBlockchain, the technology that makes cryptocurrency like bitcoin possible, is moving into the auto and ridesharing markets. According to a news report in Reuters , EY, the consulting unit of Ernst & Young Global, announced Wednesday (Aug. 30) it is launching a blockchain system that will let companies and/or individuals share vehicle ownership more easily.

Instant Gratification Upends Logistics Industry

PYMNTS

The latest victims in the crosshairs of this newly developed seamless service is the logistics industry. One of the major contributors to the upending of the logistics industry, via consumer demand, of course, is Amazon with its over 65 million Prime members. The move to closer locations is what’s known in the logistics industry as the “last mile” of delivery. This movement in the logistics industry has spurred entrepreneurs to develop innovative startups in the space.

NACHA Report: Inaugural Meeting Of API Standardization Industry Group

PYMNTS

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. financial services industry — has been slow. NACHA and the Industry Group believe one of the biggest challenges is a lack of standardization.

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TD Bank Customizes Financial Services For Healthcare Industry

PYMNTS

3), the services offered from the TD Wealth Management for Healthcare Practitioners group include access to senior private bankers, investment managers, financial planners and lending specialists with expertise in the healthcare industry.

How Ridesharing Is Driving Rental Car Industry Innovation

PYMNTS

In the 1960s, Avis turned to its marketing agency in hopes of tackling a challenge: the car rental company wanted to keep pace with Hertz, which was the top brand for car rentals.

Blockchain Tracker: Blockchain’s Impact On The Supply Chain Industry

PYMNTS

As the supply chain industry is one of the oldest businesses, it can sometimes be viewed as stodgy. While the industry has been around for well over a century, the term “supply chain management” wasn’t coined until the 1980s. Brody commented on how blockchain technology would play a role in supply chain productivity and profitability: “In almost any manufacturing and distribution-driven industry, the supply chain is how value is moved and created through the network.

Square to Create Industrial Bank, Square Financial Services Inc

Bank Innovation

Mobile payments processor Square is filing an application to create an industrial loan company with the Federal Insurance Corporation. Most notably, as an industrial bank, Square […].

How The Toy Industry Is Growing Around The World

PYMNTS

Sales of toys around the world are on the move: The NPD Group found that toy industry sales topped $18.4 In terms of regions, Mexico saw the most toy industry growth at 15 percent for the first half of the year. More than entertainment, brands have been an important trend to move the needle for the industry so far this year,” The NPD Group Global Toys Industry Analyst Frédérique Tutt said in a press release. toy industry rose by 7 percent to $7.9

As Bill Payments Go Digital, The Rental Industry Still Lags

PYMNTS

The move from analog to digital — from paper to electronic payments — is an ongoing trend for a variety of industries, including construction and government. The rental industry could well be the next market to undergo that shift. More than 50 percent : That’s the amount of U.S.

Bank Innovation Launches Industry Watchlist

Bank Innovation

In our constant pursuit of encouraging industry innovation, we are always on the lookout for new and inspiring players, and are eager to share our findings with our readers. To do this, Bank Innovation has launched the Watchlist. The Watchlist monitors startups from around the world, highlighting those that could transform financial services. Here, you’ll find some of […]. Exclusive Payments Startups Technology INV Fintech startups watchlist

Scotland Sheds Industrial Rep For FinTech Focus

PYMNTS

Scotland’s economy has excelled in industrial industries such as shipbuilding, steel and petroleum, but the country is turning its attention to developing a rising digital tech scene. Glasgow is undergoing a transformation — from industrial powerhouse to leading digital technology cluster. In this week’s installment of PYMNTS’ Weekly Tech Center Roundup , one of the country’s thriving tech clusters, Glasgow, takes center stage.

EMV, mobile ordering upgrades challenge restaurant industry

Mobile Payments Today

New foodservice technologies — including self-order kiosks, mobile ordering and EMV-enabled payment systems — are being introduced at a rapid pace. Operators with existing POS investments need to be able to integrate new capabilities into their existing systems

TRENDING: Can mPOS Solutions Win Over Cash-Centric Industries?

PYMNTS

He explains to PYMNTS how mPOS providers can address those issues and serve taxi industry-specific needs, with features like instant settlement, multi-operator identity codes and others.

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Industry Consolidation in Financial Services

Celent Banking

The analysis within each report shows a clear trend towards industry consolidation. As the industry consolidates, the majority of institutions disappearing are disproportionately coming from the lower tiers. Is the consolidation good for the industry?

The Five Building Blocks of the Automotive Industry Disruption

CU Direct

Read more » The post The Five Building Blocks of the Automotive Industry Disruption appeared first on CU Direct Blog. Lending Marketing to Members auto industry customer relationships digital disruption disruptive innovators human experience innovation

IBM Cloud offers Immutable Object Storage to help Finance industry meet records retention

Insights on Business

In the Financial Services industry, a range of businesses including banks, insurance companies, securities trading organizations, and capital market clients are required to comply with regulations that include information governance and stringent records retention requirements.

Klever Logic Innovates Parking Industry

PYMNTS

Klever Logic has been making waves in the parking industry since its debut over five years ago. What attracted Goodner and other investors to Klever Logic was its potential to disrupt a massive industry that has lagged behind in upgrading its technology. “It’s It’s an industry dominated by large, multi-billion-dollar players that have been selling the same old parking technology to operators for decades,” said Goodner. “If

Rebeca Romero Rainey: Community service is at our industry’s heart

Independent Banker

When I think back on that theme and look at the banks profiled in this issue for their outstanding community service, I’m reminded yet again how unique our industry truly is. Community banking is not a one-size-fits-all industry! Columns From the President & CEO Industry Insight“Community service is a timeless tradition that’s core to every community bank.”. By Rebeca Romero Rainey, President and CEO, ICBA.

Direct To Consumer: Impact On Retail Manufacturing Industry

PYMNTS

To say direct-to-consumer retail practices have had an impact on the manufacturing industry would be an understatement. With eCommerce a major proponent of the direct-to-consumer (DTC) channel and showing no signs of slowing down, the retail industry landscape has been forever changed. Zebra Technologies’ senior vice president and CMO, Jeff Schmitz, commented on the report’s findings and what it means for the future of the industry.