A lawsuit filed in New York representing a trust of more than 100 creditors for Toys R Us claims that executives took bonuses they shouldn’t have and had inappropriate financial relationships with private equity owners, all while the company was crumbling due to increased competition from...
With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Conservative estimates put online sales at $630 billion this year. At the same time, a new report shows that fraudsters will take more than $12 billion...
Despite a recent bounce, bitcoin dropped to below $4,000 early on Friday (March 13), according to a report by CoinDesk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
ICICI Bank in India has announced it will initiate a rescue deal with Yes Bank to the tune of up to 10 billion rupees ($135 million), according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
German payments company Wirecard said that an auditing firm it hired found no evidence of account manipulation, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Toilet paper and bleach may be flying off the shelves right now, but regional grocers are fighting to stay alive. As evidenced by several recent bankruptcies, they are caught in a crunch between big chains like Walmart and hard discounters, such as Aldi and Lidl....
In today’s top news, Mastercard is partnering with Samsung to bring Pay On Demand to emerging markets, and new travel curbs imposed by President Trump will cause a ripple effect throughout the economy. Also, Amazon introduces a voice shopping feature on Alexa in India. Get...
As part of its digital plans to speed up growth by purchasing shares in companies, Banco Santander is buying a majority stake in Mercury TFS. The bank is making an investment of €30 million in the firm, which automates as well as digitizes management of...
It’s a good time for supermarkets to focus on customer retention. Their supply chain is currently threatened, so having the right product at the right time is at risk. And the competitive set that sent several grocery chains into bankruptcy this quarter won’t get any...
