News

Retail
As Gap Joins thredUP, Resale Continues Its Momentum
February 26, 2020

The resale market is turning out to be one of the hottest trends of the young new year. After Nordstrom and Macy’s recently launched high-end resale retail platforms, Gap has now joined them. And lest you think it’s a bit of desperation move for struggling...

Retail
SmileDirectClub Aims To Boost Growth Via Healthcare Partnerships
February 26, 2020

After SmileDirectClub Inc registered a larger-than-expected loss with greater spending to market its teeth aligners, the eCommerce dental firm said it is examining “controlled growth” this year. The company’s stock dropped 20 percent in extended trading to $9.05, Reuters reported. Get the Full Story Complete...

Retail
Lowe’s Posts Mixed Results Amid Online Revamp
February 26, 2020

As Lowe’s homes in on growing online shopping and bringing in more professional contractors and homebuilders, the home improvement retailer registered mixed Q4 results. Its shares increased 1.4 percent in premarket trading, CNBC reported. Get the Full Story Complete the form to unlock this article...

Investments
Wells Fargo Invests In AR FinTech DadeSystems With Series D Round
February 26, 2020

Florida-based receivables FinTech DadeSystems has announced additional funding by Wells Fargo Strategic Capital as part of a Series D round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
Navigating China’s New Regulatory Terrain
February 26, 2020

What happened to the good old days of, like, two years ago? Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. Get the Full Story Complete the...

Payments Innovation
i2c, Sightline Team Up For Cashless Cross-Channel Gaming 
February 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb. 26. Get the...

B2B Payments
Accounts Receivable Innovations Ease AP Pain
February 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. That means emerging services are multitasking, easing friction for both accounts payable and accounts...

B2B Payments
Commercial Cards Round Out B2B Financial Services
February 26, 2020

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. Get the Full Story Complete the form to...

Digital Banking
UK FinTech B-Social Notches Extra £7.8M Before Rebranding
February 26, 2020

The London-based FinTech B-Social raised £7.8 million in seed funding as it prepares to rebrand as Kroo and become a full-fledged bank, reports said on Wednesday (Feb. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...