News

Retail
Food Delivery Companies Mull Mergers, Public Listings
February 18, 2020

With the potential help of stock listings or mergers, the largest food delivery firms in the country are aiming to bolster their finances. Postmates, DoorDash and Uber Eats have each talked about merging in different combinations in 2019, but none brought about a deal, The...

Digital Banking
PSCU’s Lumin Enables Digital Payments For TN Credit Union
February 18, 2020

The PSCU company Lumin Digital has signed Bartlett, Tennessee-based First South Financial credit union to a multi-year digital banking and cloud computing agreement, Lumin announced on Tuesday (Feb. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Pier 1 Plans Sale As It Goes Bankrupt
February 18, 2020

Troubled home-décor chain Pier 1 Imports has plans to sell the company as it applies for Chapter 11 bankruptcy and shutters as many as 450 stores — nearly half of its locations, according to reports on Monday (Feb.17). Get the Full Story Complete the form...

Payment Methods
i2c, SmartHealth PayCard Partner For Health Credit Card 
February 18, 2020

Digital banking and payments firm i2c is partnering with FinTech healthcare credit card SmartHealth PayCard, i2c announced on Tuesday (Feb. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Taking The Temperature Of B2B Payments In Healthcare
February 18, 2020

The U.S. healthcare system is a multi-trillion dollar industry, but one rife with inefficiencies, especially when it comes to payments. In an interview with PYMNTS, Todd Harbison, chief revenue officer of Ventanex, an integrated payment solutions provider, contended that the healthcare system itself creates friction...

International
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S., mainland Europe and its investment bank, the Wall Street Journal (WSJ) reported on Tuesday (Feb. 18). Get the Full Story...

International
Japanese Sales Tax Triggers 6 Pct Economic Contraction
February 18, 2020

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. 17). Get the Full Story Complete the form to unlock this article...

International
China’s Alibaba Loans Near $3B To Coronavirus-Affected Firms
February 18, 2020

Alibaba said on Monday (Feb. 17) that ㍐20 billion ($2.86 billion) is available in loans via its affiliate, Ant Financial’s MYBank, to help companies affected by the Coronavirus, Reuters reported, citing an announcement on Alibaba’s official Weibo account. Get the Full Story Complete the form...

Security & Fraud
Fighting Fraudsters At The FI/Customer Journey Starting Line
February 18, 2020

In the battle against fraudsters, financial institutions (FIs) must start at the beginning – literally. 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 daily newsletter,...