Macy’s Inc. recognized a $3.1 billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store retailer also recognized an $80 million long-lived asset impairment charge, according to a first-quarter financial...
A team of investigators raided Wirecard AG’s offices in two countries as part of the probe into the 1.9 billion euros ($2.1 billion) that went missing from the payments company’s accounts, Bloomberg News reported. Get the Full Story Complete the form to unlock this article...
As department stores suffer amid the COVID-19 health crisis, John Lewis is set to shutter many locations, and Harrods is eliminating 700 positions. John Lewis Chairman Sharon White said the retailer will likely eliminate the yearly bonus that all employees usually receive and will close...
In the post-pandemic terrain, digital onboarding is both hero and villain. That’s because COVID-19’s social distancing rules, plus digital everything, has led to the realization that most business can be conducted remotely and securely — if the proper precautions are taken beforehand. Get the Full...
In a PYMNTS interview, NICE Actimize Head of Fraud Strategy Rob Tharle shed light on a nasty downside to the proliferation of open banking around the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In a frenzy, organizations dove headfirst into their digital transformations as a result of the global 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 to our...
Tokens are incredibly powerful tools to secure data and safely transport it from one point to another. 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 to our...
In a move that caught much of the world off guard, athleisure giant Lululemon announced plans this week to buy home-exercise technology startup Mirror for an impressive $500 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cade, the Brazilian antitrust watchdog, announced it would be reversing its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
