Mastercard has finalized its 2.85 billion euro purchase of Nets Group’s account-to-account (A2) division, which includes clearing and settlement, real-time payments and eBilling solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The owner of 100 shopping malls in more than two dozen states is under pressure following multiple news reports that Washington Prime Group (WPG) is set to file for bankruptcy protection. The reports not only cut WPG’s already beleaguered share price in half, but also extended a...
The parent company of Saks Fifth Avenue said Friday (March 5) it was splitting its eCommerce and 40 traditional retail stores into “separate but related sister companies” in a move it said would “redefine the luxury shopping ecosystem.” Get the Full Story Complete the form...
Gap Inc. reported as part of its fourth-quarter and fiscal year 2020 results that pandemic-required store closures in global markets and softer store traffic in some U.S. regions with stay-at-home limitations impacted sales in the fourth quarter. Get the Full Story Complete the form to...
Dealmaking – and clearing regulatory hurdles – is paving the way for real-time payments to make the leap from concept to reality. Progress continued as Mastercard said on Friday (March 5) that it completed the acquisition of a majority stake in Nets’ Corporate Services business...
Costco Wholesale Corporation, which operates just over 800 warehouses, reported its net sales for the second quarter climbed by 14.7 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Giving a sense of the scope of digital transformation happening in developing markets, contemplate this: “The share of Brazilian consumers who consider digital channels their preferred means of shopping has grown by more than 30 percent to make up 46 percent of consumers.” It marks...
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 marketing communications from PYMNTS and...
The start of 2021 opened up with a flurry of activity in the B2B FinTech venture capital space, but as March moves ahead, funding activity seems to have settled down. This week’s investment roundup includes just four deals, but still managed to pull more than...
