News

Retail
Hard Times For Soft Drinks As Coca-Cola Puts The Lid On Tab
October 17, 2020

Tab, shift, delete. It’s our cryptic way of conveying the hurtful news that Tab, one of America’s proto-diet colas and the “drink of beautiful people” since 1963 will shuffle off its carbonated coil as Coca-Cola goes on a diet, trimming its roster of beverage brands...

Retail
Port Data Show Inventory Boom – Or Bust? – Ahead Of Holiday Season
October 16, 2020

In the United States, imports are surging, indicating that retailers are getting ready to stock their (real and virtual) shelves in anticipation of the holiday shopping season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
China Drafts Updates To Commercial Bank Regulations
October 16, 2020

As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft of updates to legislation applicable to commercial banks, Reuters reported. Get the Full Story Complete the form to unlock this...

eCommerce
Direct-To-Consumer Surges As Physical Stores Languish
October 16, 2020

Direct-to-consumer (D2C) selling has taken wing with the ascendance of eCommerce to retail’s throne. What was once a small but meaningful constituency — online shoppers — suddenly seem to be holding all the cards. How consumer packaged goods (CPG) brands and subscription-based businesses respond to...

Security & Fraud
UK Watchdog Hits British Airways With $25.8M Fine Over Data Breach
October 16, 2020

British Airways (BA) must pay a $25.8 million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing the financial details of more than 400,000 customers, the U.K.’s Information Commissioner’s Office (ICO) said on Friday (Oct. 16). Get...

News
This Week In Payments: Alternative Credit Ramps Up Ahead Of The Holidays; Revolut Reportedly Near Applying For US...
October 16, 2020

It’s been another busy week in the world of payments and commerce, with the expansion of installment point of sale (POS) credit and digital banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Partnerships / Acquisitions
First Citizens, CIT Group Merger Will Create $100B Bank
October 16, 2020

An approximate $2.2 billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19th biggest U.S. bank, with over $100 billion in assets, the companies announced on Friday (Oct. 16). Get the Full Story Complete the form to unlock...

News
Today In Payments: Study Shows Americans’ Savings Drying Up; State AGs To Press Own Case...
October 16, 2020

In today’s top news, Americans are struggling as savings accounts run dry, and several states are preparing their own antitrust probe into Google. Plus, Amazon reported that third-party sellers garnered over $3.5 billion in Prime Day sales. Get the Full Story Complete the form to...

Ridesharing
Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea
October 16, 2020

SK Telecom and Uber Technologies have entered into two business arrangements — one an agreement to collaborate and the other a joint venture — focusing on the ride-hailing business, SK Telecom announced on Friday (Oct. 16). Get the Full Story Complete the form to unlock...