News

B2B Payments
Today in B2B Payments: 2 Firms Launch New Services
September 30, 2022

Today in B2B payments, LPL debuts industry-specific bookkeeping services for its affiliated financial advisors, while Capchase integrates with Xero to make it easier for small and medium-sized businesses (SMBs) in the United Kingdom to access capital. Plus, Amazon Business reports that most companies’ procurement budgets...

Security & Fraud
SEC Charges Arbitrade, Cryptobontix in Connection With Crypto Pump-and-Dump Scheme
September 30, 2022

The Securities and Exchange Commission (SEC) has filed charges against Bermudan company Arbitrade, Canadian company Cryptobontix and their principals. 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...

Banking
JPMorgan Ends Use of Safe Deposit Boxes
September 30, 2022

Safe deposit boxes, a longtime fixture at banks worldwide, will soon be a thing of the past at one major banking chain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Walmart Touts Low-Cost Basics as Amazon Flaunts Sales and Tech Upgrades
September 30, 2022

After a week of rolling out more than a dozen device advancements, smart home technology upgrades and new out-of-the-box connected gadgets, Amazon SVP of Devices and Services Dave Limp wrapped the annual product event like this: Get the Full Story Complete the form to unlock this...

Retail
Rent-A-Center Sparks Rethink of Rent-to-Own Model
September 30, 2022

The rent-to-own and lease-to-own retail concepts that seem tailor made for recession-pressed consumers with subprime credit are in fact seeing their models tested by an unforgiving market where shoppers are showing a preference for bargains and extra sensitivity toward fees. Get the Full Story Complete...

Retail
Retailers Revisit ‘Free Shipping, Free Returns’ as Costs Soar
September 30, 2022

H&M may become the latest merchant to begin charging a fee when customers return items they’ve purchased online. 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...

Retail
Report: Burberry’s Markdowns Hurt Its Luxury Image
September 30, 2022

United Kingdom-based Burberry is reportedly facing the challenges of being a luxury brand whose image is not as upmarket as some of its rivals as well as being an independent brand at a time when many others are part of conglomerates. Get the Full Story...

Retail
Nike Promises ‘Decisive Action’ on Inventory, More Investment in D2C
September 30, 2022

“We face a new degree of complexity,” Nike CFO Matthew Friend told analysts Thursday, in the wake of the athletic shoe, apparel and equipment maker’s fiscal first quarter earnings results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cross-border Payments
Real-Time Cross-Border Payments Open New Markets for SMBs
September 30, 2022

Cross-border payments have traditionally been complex, process-heavy affairs. 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...