News

Retail
Bankruptcy Wave Hits Whole Foods Competitors
February 06, 2020

Big companies. Essential products. Burgeoning delivery options. It would make sense that the supermarket business might be immune from the cross-currents of retailing in 2020. But that’s not the case, especially if you compete with Whole Foods. Get the Full Story Complete the form to...

B2B Payments
Outage Persists For WEX Fleet Fuel Cards
February 06, 2020

Truckers were left with unfilled gas tanks nationwide after an outage to WEX commercial fleet fuel cards, reports indicated on Thursday (Feb. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

News
Top News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost...
February 06, 2020

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the costs and benefits of a digital currency and the Reserve Bank of Australia considers stopping banks from automatically routing “tap...

CFPB
Waters Tells CFPB Head To Do Better
February 06, 2020

The chairwoman of the U.S. House Committee on Financial Services, Maxine Waters, told the head of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger, that the organization needs to do better. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Afterpay Pushes Back Against Australia’s Fee Regulation
February 06, 2020

Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. Afterpay claims it shouldn’t be considered as a payment system because of its smaller scale, and due to the fact that it must go...

International
China’s Alibaba Sets Up Platform For Coronavirus Medical Supplies 
February 06, 2020

Chinese eCommerce giant Alibaba Group has set up a special platform featuring global medical supplies to help fight the Coronavirus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Building The ‘Anti-Subscription’ Model For Online Kids’ Apparel
February 06, 2020

Outfitting children can be a shockingly expensive proposition for parents. According to the United States Department of Agriculture, families might spend up to $1,280 annually on clothing, and over the 18 years formally designated as childhood approximately 6 percent of the total cost of parenting...

Cross-border Payments
Postepay Customers Get Access To Western Union’s Platform
February 06, 2020

Through an effort to enable cross-border payments, Postepay clients can now access the cross-border and cross-currency platform of Western Union to send funds around the world. The arrangement brings together the assets as well as expertise of Poste Italiane with Western Union, per an announcement. Get the Full...

Retail
Fashion Week 2020 Attracts A Different Cut Of Retailer
February 06, 2020

Used to be that you went to Fashion Week in New York to rub elbows with Tom Ford, Ralph Lauren and Stella McCartney. This year, however, the power positions are likely to be filled by Jeff Bezos, Denise Incandela and David Sykes. Get the Full...