Mall landlords strike again. In a good way, of course, as alt-VC firm Fifth Wall closes on a $100 million fund to help eCommerce pure plays expand to brick-and-mortar locations, as reported by The Wall Street Journal. The fund’s investors include retail landlords like Acadia...
To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a tech support scam, the agency said in a press release. Get the Full Story Complete the form to unlock this...
The Palo Alto-based travel tech unicorn TripActions has secured a new, $500 million credit facility to help advance the introduction of its corporate card product, the company announced on Tuesday (Feb. 25). Get the Full Story Complete the form to unlock this article and enjoy...
As the Coronavirus circulates, Temasek Holdings Pte is instituting a company-wide wage freeze and requesting that senior management accept voluntary pay reductions for as long as one year. The Singapore state-owned investment firm has had wage freezes in the past – it implemented similar moves during the...
As Walmart aims to grow profits at its online shopping business and cut discord between units, the retailer is bringing together its store and eCommerce product-buying teams, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In banking, in the jockeying and jousting for consumers’ attention (and deposits, of course), will it be a case of anarchy in the U.K.? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Investment in food technology and agriculture services around the world dropped almost 5 percent in 2019, showing that investment firms are paying less attention to the sector amid a pullback, according to a report by the Financial Times. Get the Full Story Complete the form...
JPMorgan Chase CEO Jamie Dimon told CNBC on Tuesday (Feb. 25) that “we’ll just have to wait and see” what the fallout is from the coronavirus, following the market’s worst decline in two years on Monday (Feb. 24). Speaking to Wilfred Frost at the JPMorgan Chase...
In today’s top payments news, Amazon opened its first cashierless grocery store, Revolut raised $500 million and aims to reach profitability by the end of the year and Mastercard warned that the coronavirus will negatively impact its first quarter revenue. Get the Full Story Complete...
