Russia is a cash society. Only 20 to 25 percent of Russian adults have bank accounts. Just 15 percent had credit cards in 2011, and 90 percent of those cards are used only for withdrawing cash. For big purchases, bringing along a suitcase of rubles...
In the apparel industry, suppliers are taking on a bigger role in retailers’ product management. One apparel sector expert see suppliers as becoming more of an inventory manager for their retail clients. Accounts-receivable factoring also is taking on increased importance as retailers seek greater controls...
JP Morgan Chase is reportedly trying again to patent a system for a Bitcoin alternative, according to columnist Ian Allison in the International Business Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
If consumers get upset with their banks as rules tighten, will credit unions benefit? Credit unions are arguing that they will—and already are. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
You know you’re in trouble when the CFPB issues a consumer advisory. And, especially so when they start the advisory out with “What’s this ‘to the moon!’ business on the internet about?” Get the Full Story Complete the form to unlock this article and enjoy...
Peer-to-peer lender Zopa has passed the $1 billion mark in loans it has made, the U.K. company said on Monday (Aug. 11). A quarter of the money (£148m) was in loans that have been made just in 2014. That equates to 92 percent year-over-year growth...
Bitcoin Tracker | Week 35 Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive...
Payment systems globally for decades have been on a constant path in transforming traditional paper-based transactions into electronic ones, with payment cards as one of the chief drivers. More recently, mobile-based payments have done the job in less-developed countries, particularly in Africa. Get the Full...
Milk, blueberries, yogurt, Popchips, Comcast monthly bill? Yep. A growing roster of retailers now enable their customers to pay a variety of monthly bills at checkout. And, the benefits go well beyond customer convenience – increasing both foot traffic and impulse buys, especially for those...
