News

International
Paysend Launches Mobile Multi-Currency Wallet In Europe
February 20, 2020

The U.K. FinTech Paysend is introducing Global Account, its international, fee-free mobile money account with a multi-currency wallet, to European users, the company announced on Thursday (Feb. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
MGM Resorts Admits To 2019 Hack
February 20, 2020

MGM Resorts International, a hotel and casino operator, admitted it had experienced a data breach following a report saying information on 10.6 million guests was compromised, according to a report by Reuters.  Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Domino’s Established US Restaurant Sales Rise 3.4 Pct
February 20, 2020

With a focus on new marketing efforts and quicker delivery, Domino’s Pizza Inc. has seen its profit and same-store U.S. sales come out ahead of analysts’ forecasts. Established U.S. restaurant sales increased 3.4 percent in Q4, while analysts had forecasted a 2.3 percent hike, per...

Retail
Future Tech Comes To eCommerce
February 20, 2020

Future tech is no longer the province of high-end retailers. Innovations in 3D and augmented reality (AR) eCommerce are leveling the playing field and bringing conversion-centered visual technology to any online retailer. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Wexner To Sell Majority Stake In Victoria’s Secret
February 20, 2020

As more shoppers moved to eCommerce, L Brands CEO Les Wexner wagered on opening more brick-and-mortar locations. Wexner has staunchly supported malls and believes that shoppers’ fixation with phones will subside. But on Thursday (Feb. 20), The Wall Street Journal reported that Wexner plans to...

B2B Payments
How Streamlined B2B eCommerce Payments Boost Sales For Event Vendors
February 20, 2020

Hosting trade shows and corporate fundraisers is a $5 billion annual business in the U.S. — but successfully orchestrating these events often involves overcoming payment challenges. That's because event planners must outfit venues on-the-go, making payments and adjusting orders without worrying about handling paper-based invoices....

B2B Payments
Open Banking Deepens Its SMB Accounting, Lending Presence
February 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Making Cash Flow Management A Priority For Young Firms
February 20, 2020

Late payments are a pain point for businesses everywhere, but the U.K. has emerged as an epicenter in the fight against ever-expanding days payable outstanding (DPO). From FinTech solutions to legislation, new efforts to combat delayed invoice payments continue to emerge – and yet the...

B2B Payments
Combating Commercial Cards’ Need For The Personal Guarantee
February 20, 2020

In fast-growth small businesses, the focus is on expanding the top line — not tackling the paper chase in the back office. Yet, without the resources to invest in finance teams, many firms simply maintain the status quo of unaudited spend, the end result being...