News

Omnicommerce
Omnichannel Payments Help Retailers Find Their Footing With The Digital Shopper
July 07, 2020

“Over the coming months, retailers also need to prepare for the continued — and maybe even swifter — move to mobile.”  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

CFPB
CFPB Eases Payday Lending Rules
July 07, 2020

The federal Consumer Financial Protection Bureau (CFPB) has eliminated a rule that placed limits on payday lenders, handing a victory to the sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
FIs Advised To Be On The Lookout For Imposter Scams, Money Mule Schemes
July 07, 2020

The U.S. Treasury Department’s financial crime unit has alerted financial institutions (FIs) about imposter scams arising during the COVID-19 pandemic.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Partnerships / Acquisitions
Uber CEO: Postmates Is ‘Exactly’ The Kind Of Brand The Company Wants
July 07, 2020

Uber’s attempted merger with Grubhub might have fallen apart, but Uber CEO Dara Khosrowshahi said in a televised interview that shareholders shouldn’t view Postmates, which the transportation company has decided to buy, as second prize. In fact, Khosrowshahi said that shareholders should view it as...

Digital Banking
Deutsche Bank, Google Join Forces For Cloud Services Offering
July 07, 2020

Deutsche Bank has agreed to an alliance with Google to provide the German lender with access to cloud services and to offer technology-based financial products to customers, the bank announced on Tuesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Israeli Innovation Accelerator Focuses On Retail
July 07, 2020

Israel has long been a hotbed for digital innovation producing companies like Red Hat and Klarna. Now a new Israeli tech accelerator is turning its efforts toward retail innovation and helping to start new technologies for payments and biometrics. Get the Full Story Complete the...

Retail
New Fashion Startup Bets Its Future On Off-Price Luxury
July 07, 2020

It’s hard to find a retail fashion category that’s reliably successful these days. Brick-and-mortar discounters like T.J. Maxx are thriving despite social distancing rules, which is not the most stable success platform. Fast fashion already claimed a victim this week as Lucky Brand filed for...

Retail
Retail Group Fights Back Against Anti-Maskers
July 07, 2020

There’s the Target customer wearing a $40,000 Rolex throwing a fit because he was asked to wear a mask. There’s “Costco Karen” who had a tantrum because she was asked to do the same. Now there’s the Retail Industry Leaders Association (RILA) asking for help...

Retail
Kidd & Company, T-street Capital Team To Acquire DTC Companies
July 07, 2020

To form a direct-to-consumer (DTC) online commerce strategy, Kidd & Company, LLC and T-street Capital, LLC have joined forces by creating a holding company focused on buying companies called Brand Holdings, LLC. The firms unveiled their first purchase, Dr. Emil Nutrition, in a Tuesday (July 7)...