In today’s top payments news, Ant Financial has acquired a minority stake in FinTech Klarna, the coronavirus has crippled the $1.7 trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Get the Full Story Complete the form...
In an effort to reduce the fashion industry’s environmental impact, Swedish fashion giant H&M launched a B2B service called Treadler that will let rivals access its global supply chain, the world’s second-biggest fashion retailer announced on Wednesday (March 4). Get the Full Story Complete the...
For Teel Lidow, it was supposed to be a vacation, not a business trip. He went to Chile, expecting to return to New York without incident. But after taking off, he realized it would not be a normal flight. The plane landed in Ecuador for...
The connected consumer wants to feel more connected. That’s one of the conclusions drawn from a new report on customer loyalty from Merkle, and it holds some clues for retailers looking to improve the recency and frequency of customer visits and purchases. Get the Full...
As the COVID-19 virus, or coronavirus, unfolds, financial technology provider WEX Inc. has cut its Q1 revenue outlook. The firm said in an announcement it has been keeping a close eye on the coronavirus situation and assessing its effect and that “the health and safety...
As it reported formidable revenue for last year, LEGO said it will debut 150 new locations in 2020 — mainly in China. The toy company now has 570 locations globally, with the inclusion of 100 in the United States, The Wall Street Journal reported. Get the...
As it pursues profitability and aims to reduce expenditures, economy hotel firm OYO is reducing its worldwide workforce by 5,000 individuals. The newest wave of job reductions would cut the company’s headcount to 25,000 across more than 80 nations, according to reports. Get the Full...
Consumers’ appetites for plant-based food is apparently surging, as the market for those products hit a new high of $5 billion last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
When the U.S. Department of the Treasury’s Bureau of the Fiscal Service disburses monies to federal benefit recipients, from veterans to senior citizens and many others, it uses millions of direct deposit prepaid debit cards as part of the payments mix. Get the Full Story...
