News

News
Today In Payments: Razer Eyes Banking Licenses In US, Europe; Square CEO Jack Dorsey Bullish...
September 11, 2020

In today’s top news, gaming hardware firm Razer eyes expanding into banking operations in the U.S. and Europe, and Square CEO Jack Dorsey is all in for bitcoin. Plus, real-time payments now reach 70 percent of checking accounts in the U.S. Get the Full Story...

Retail
Whole Foods CEO Says Fewer Shoppers Will Return To Supermarkets
September 11, 2020

When John Mackey co-founded Whole Foods Market four decades ago, self-checkout hadn’t been invented and the internet was in its infancy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Wayfair And Citi Partner On Card Offerings
September 11, 2020

Citigroup’s Citi Retail Services will provide private label and co-branded credit cards for online home goods retailer Wayfair, the companies announced Friday (Sept. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Santander Expands, Spins Off FinTech VC Fund
September 11, 2020

Banco Santander is spinning off its FinTech venture capital fund into a new entity called Mouro Capital and is doubling its investment in the operation to $400 million, the Spanish financial giant announced on Friday (Sept. 11). Get the Full Story Complete the form to...

Security & Fraud
Philippines Investigates 57 Potential Participants In Wirecard Scandal
September 11, 2020

Fifty-seven local and international “persons of interest” who possibly participated in the Wirecard AG scandal are subjects of a probe by government officials in the Philippines, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payments Innovation
How 9/11 Helped Shape Today’s (Digital) Payments Landscape
September 11, 2020

Viewed through the lens of the pandemic, the horrors of 9/11 may seem, at least to some, long ago and far away – though, of course, never muted. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Christopher & Banks Reports 70.9 Pct Rise In eCommerce Sales
September 11, 2020

Women’s clothing retailer Christopher & Banks Corporation reported on Friday (Sept. 11) a 70.9 percent rise in online shopping sales for Q2, which concluded on Aug. 1, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
J.Crew Group Leaves Chapter 11 Bankruptcy Following Restructuring
September 11, 2020

J.Crew Group has finished its financial reorganization and emerged from Chapter 11 set for expansion over the long haul, according to a statement from the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Laying The Groundwork For ‘Fintech 2.0’ With Digital Assets
September 11, 2020

Digital assets continue to gain legitimacy in the financial services world, particularly as governments around the world begin to consider the value of a proprietary, state-backed tokenized asset or stablecoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...