News

Retail
David’s Bridal Teams With Popwallet For Marketing Via Mobile Wallets
June 16, 2020

As a next step in the direction of a digital-first, omnichannel experience, David’s Bridal is teaming with mobile wallet marketing automation platform Popwallet. The bridal and special occasion brand will have the ability to engage directly with shoppers in a “personalized, innovative, and dynamic” fashion...

Retail
US Retail And Food Service Sales Jump A Record 17.7 Pct In May
June 16, 2020

U.S. retail and food services sales rebounded in May from April amid the pandemic, but they were still under levels seen in May  2019, according to the latest U.S. Census Bureau advance monthly sales numbers. The agency estimated advance monthly sales for May of $485.5...

Partnerships / Acquisitions
Credit Sesame Acquires Canadian Challenger Bank STACK
June 16, 2020

In a deal that marks the company’s inaugural acquisition and the start of its global growth, Credit Sesame said it finished its acquisition of Canadian challenger bank STACK. The two companies began their partnership last year, which brought together the deep credit knowledge of Credit...

B2B Payments
Blockchain Makes Inroads Against Cross-Border Payments Friction
June 16, 2020

Distributed ledger technology (DLT) appears to be making progress in its effort to provide the financial services ecosystem with an alternative to traditional rails, with a focus on easing cross-border payments friction. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
From T-Shirts To Face Masks: How Hanes Rallied Against A Global PPE Shortage
June 16, 2020

Clothing brand Hanes jumped from producing T-shirts to fighting the global personal protective equipment (PPE) shortage by manufacturing 200 million face coverings and counting. But transitioning production required leveraging local supply chains and restarting shuttered factories, says Vice President Matt Hall. In the PPE Supply...

B2B Payments
Easing Banks Into A Cross-Border Payments Paradigm Shift
June 16, 2020

While there are numerous points of friction in cross-border payments workflows and infrastructure, much of it can be summed up as “too many chefs in the kitchen.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
How FinTechs, Banks Can Find Common Ground To Support SMB Recovery
June 16, 2020

The general consensus in the small business financial services ecosystem has emerged: Traditional financial institutions (FIs) have largely fallen short from providing small- to medium-sized businesses (SMBs) the digital-first, affordable tools they need to optimize their business operations. Get the Full Story Complete the form...

Ridesharing
Ride-Hailing Firm Grab Reportedly Cuts More Than 300 Jobs 
June 16, 2020

Grab, the $14 billion Southeast Asian ride-hailing startup, announced hundreds of job losses on Tuesday (June 16) as the impact of COVID-19 continues to take its toll. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Walmart Ups Its Digital Health & Wellness Capabilities With $200M Purchase Of CareZone’s Technology
June 16, 2020

Walmart has reportedly paid some $200 million to buy key assets from CareZone, a Seattle-based health-technology start-up that promises to manage prescription drugs for each family member. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...