News

Cross-border Payments
Pandemic Drives Growth In Global Digital Remittances
August 10, 2020

No matter where you look, the pandemic has put up serious barriers to economic growth – and at the same time, has forced business models to pivot from in-person, face-to-face interactions toward digital offerings. Get the Full Story Complete the form to unlock this article...

News
Today In Payments: Western Union On An M&A Hunt; Amazon, Simon In Talks To Turn...
August 10, 2020

In today’s top news, Western Union is looking for merger and acquisition opportunities, and Amazon and Simon Property Group are in talks to turn empty department stores into fulfillment centers. Plus, the Federal Reserve’s Neel Kashkari urges a restrictive lockdown to defeat the coronavirus. Get...

International
Chinese Firms Scramble To Beat New US IPO Rules
August 10, 2020

Chinese companies are rushing to launch U.S. initial public offerings (IPOs) before newly proposed rules that would expose the companies’ audits to scrutiny by American regulators can take effect, Nikkei Asian Review reported Monday (Aug. 10). Get the Full Story Complete the form to unlock...

Partnerships / Acquisitions
Sur La Table Sold For $90M Post-Bankruptcy
August 10, 2020

Sur La Table Inc., the Seattle kitchenware products company that filed for bankruptcy protection last month, has sold for nearly $90 million, Bloomberg News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Apple iPhone Sales Could Plummet 30 Pct With WeChat Ban
August 10, 2020

President Trump’s threatened bans on ByteDance’s TikTok and Tencent Holdings’ WeChat, both based in China, could significantly slash Apple’s sale of iPhones, per indications from a new survey. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Biometrics Battles Evil On Gaming Platforms
August 10, 2020

Identity fraud is nothing to play around with, but you wouldn’t know that given its prevalence in the online gaming sector. “Three out of four American consumers are now interacting with gaming platforms, spending up to 14 hours a week on them — up from...

Retail
Amazon, Simon Properties Kick Off Serious Mall Transformation
August 10, 2020

The great mall transformation is officially on. This weekend’s reports that Amazon is negotiating with Simon Property Group to take positions at anchor tenant spaces for fulfillment centers signal the beginning of major changes at retail centers across the country. Get the Full Story Complete...

Retail
Wall Street Woes Take The Retailer’s Eye Off The Customer
August 10, 2020

The current stage of the pandemic – perfect storm that it is – is producing some serious cross-currents. And several of them are affecting the retail industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Retail Rent Collections Rose To Nearly 70 Pct In Mid-July
August 10, 2020

Commercial landlords were greeted with some good news in July as rent collections for retail properties increased by double digits compared to May and June, GlobeSt.com reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...