News

Retail
UK Trade Group Seeks Gov’t Help For Fashion Sector
July 17, 2020

A trade group for the U.K. fashion industry is asking for government support for the sector amid the pandemic. The British Fashion Council (BFC) said it “welcomes” the assistance that has been put into place by the government, but notes that a number of fashion...

Retail
Costco Plans For Five New Store Locations This Fall
July 17, 2020

Even with a rise in COVID-19 cases in a number of states, Costco intends to open five new stores prior to September’s close, in addition to two delivery facilities. The new stores will be in Cherry Hill, New Jersey; Bismarck, North Dakota; Saratoga Springs, Utah;...

B2B Payments
How Childcare Centers Adapt To Fluctuating Payroll Needs
July 17, 2020

The pandemic has had a particularly disruptive effect on the world’s children with tele-education now the norm in the U.S. and across the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
B2B FinTech Stays Resilient Amid Investment Slowdown
July 17, 2020

FinTech funding had already seen a dip in Q1 this year, but the pandemic may be further suppressing investor appetite. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Twitter Hack Of Kardashian, Obama And 130+ Other A-Listers Invites FBI Probe
July 17, 2020

The FBI is investigating the worst security breach in Twitter’s 14-year history, as hackers commandeered more than 100 high-profile accounts, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Digital Banking
Live Chat: The Three Things FIs Must Do To Deflect Big Tech
July 17, 2020

The pandemic and the resulting digitization of many consumers’ lives didn’t create the digital transformation in financial services; that was already underway. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Digital Banking
Helping Big Banks Overcome Their Cloud Paralysis
July 17, 2020

Migrating to the cloud is an imperative part of traditional financial institutions’ (FIs’) ability to compete with digital-native FinTechs. The technology lays the foundation for modern, agile products and services, with enough flexibility to evolve as market conditions and customer demands change. Get the Full...

Retail
Retail Recovery Veils Serious Headwinds
July 17, 2020

Despite some positive key performance indicators delivered this week, the U.S. retail and economic recovery is still facing serious headwinds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Wirecard Exec Admits Role In German Company’s Collapse, Attorney Says
July 16, 2020

One of the unnamed jailed executives in the Wirecard scandal has reportedly admitted guilt to the multi-billion-dollar fraud and money laundering case, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...