In a massive reversal of its previous policy, theater giant AMC Entertainment Holdings has reached agreement with Universal Studios to allow the studio to release films to premium video-streaming services after just 17 days of play in cinemas. The deal signals a massive sea change to a longstanding...
Prove (formerly Payfone) has struck a deal with Early Warning Services LLC to acquire the latter’s mobile authentication business, its multi-factor authentication and orchestration systems and its Authentify line of business, according to a press release on Wednesday (July 29). Get the Full Story Complete the form...
“Fundamental changes to the B2B payments landscape are taking place today, faster than ever before, helping the ecosystem eliminate inefficient B2B payments processes.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
With the economic and political battles between the U.S. and China heating to a boil, one of China’s top banks is urging financial institutions (FIs) to cut their use of the SWIFT financial messaging network for cross-border transactions. The bank’s messaging applies to Hong Kong...
The retail news is full of companies that have made brilliant and sometimes dramatic pivots to catch up with the shift to Digital 3.0. But sometimes the pre-pandemic plans work out just fine. Get the Full Story Complete the form to unlock this article and...
Shopify reported second-quarter earnings on Wednesday (July 29) that demonstrated the growing digital shift for consumers, with the company recording a dramatic increase in both the number of stores on the platform and consumer spending at those stores. Get the Full Story Complete the form...
“Digitization has helped support remittance market continuity in the face of reduced mobility. We also believe money transfers relying on informal or unregulated routes are converting to formal money transfers, and may even help stabilize the market as travel restrictions likely remain.” Get the Full...
Sycamore Partners is reportedly seeking to buy JCPenney for $1.75 billion and intends to combine the iconic retailer with the Belk department store chain, the New York Post reported, citing an unnamed source. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A group of investors with a stake in TikTok’s parent company, ByteDance, are maneuvering to take over the controversial social-media app, valuing it at roughly $50 billion — much more than its competitors, sources told Reuters. Get the Full Story Complete the form to unlock...
