News

Security & Fraud
Amazon, Games Maker Asmodee Sue Over Alleged Counterfeiting
June 24, 2021

Amazon’s campaign against counterfeiting has broadened with their Thursday (June 24) announcement that the online giant is linking up with games maker Asmodee Group in a lawsuit. The legal action is against New York City-based defendants that, the lawsuit charges, “attempted to offer” counterfeit products...

Retail
Grocery Roundup: Ahold Delhaize Takes Over US Supply Chain As Industry-Wide Sales Dip
June 24, 2021

Netherlands-based global grocery giant Ahold Delhaize is taking control of its United States distribution. Its group of U.S. supply chain companies, ADUSA Supply Chain, announced Wednesday (June 23) that 85 percent of the chain will be self-distributed by the end of 2022. Get the Full...

International
Big Banks Endorse SWIFT’s Global Transaction Management Platform
June 24, 2021

SWIFT’s new transaction management platform received an endorsement from six international banks, which are getting ready to harness the system’s new functionalities to allow for new services, bolster efficiency and decrease expenses when it launches in November of next year, according to a Thursday (June...

International
Wise Brings Instant Money Transfers To Vietnam
June 24, 2021

Money transfer service Wise says it has given customers in Vietnam a faster way to receive money. 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...

International
Google, Jio See Late Summer Release For High-Quality, Low-Cost Smartphone
June 24, 2021

Google and Jio Platforms said that work is progressing on their jointly developed made-for-India smartphone, adding that the release date is set for Friday, September 10, according to a Thursday (June 24) press release. The concept is to provide an affordable phone that will meet...

Delivery
FedEx Suspended Services For 1,400 Amid Shipping Logjam
June 24, 2021

FedEx suspended service for roughly 1,400 freight customers without warning this month, a move the company said was designed to relieve its overtaxed shipping network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Why Visa Thinks Tink Is The Way To Go For Open Banking
June 24, 2021

Barely five months after abandoning its bid to buy data Plaid, Visa is again going the data aggregation route — but this time in open banking’s proverbial backyard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
‘Gap Home’ Debut On Walmart.com Puts Pressure On Décor Rivals
June 24, 2021

With the launch of Gap Home on Walmart.com on Thursday (June 24), all eyes are on how Gap’s first foray and Walmart’s expansion further into home décor could shakeup an already competitive space. Get the Full Story Complete the form to unlock this article and...

Retail
ThredUP’s Resale Market Projections Spell More Trouble For Department Stores
June 24, 2021

The secondhand market is ready to explode, according to a report released Wednesday (June 23) by thredUP and GlobalData, with resale alone expected to grow 11 times faster than the broader retail clothing sector over the next five years. Get the Full Story Complete the...