As part of a wave of fledgling cosmetics lines capitalizing on social media and celebrity founders, Kylie Jenner’s Kylie Cosmetics is on pace for approximately $200 million in sales this year. Coty Inc. is now paying $600 million for a controlling stake in the firm as...
With the rollout of its own competing service, the Chinese firm behind the popular TikTok video app is set to rival players such as Apple and Spotify in the music streaming market. ByteDance is in discussions with the biggest record companies around the world for...
Walmart-owned Sam’s Club has appointed Kathryn McLay to serve as president and chief executive officer, replacing John Furner, who this month succeeded the departing Greg Foran as Walmart U.S. CEO, Fox Business reported on Friday (Nov. 15). Get the Full Story Complete the form to...
Cybersecurity experts are warning that the next year, and beyond, will continue to present an elevated threat level to businesses at risk of payments fraud — and governments are taking steps to react accordingly. Get the Full Story Complete the form to unlock this article...
With open banking business models inspiring FinTech innovators to explore other use cases for data integrations, the B2B financial services market has seen a swath of collaboration between traditional financial institutions and FinTech firms — and between FinTech firms themselves. Though not a new technology,...
It was the gasp heard ‘round the world last week. 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, PYMNTS Today. By completing this...
The infrastructure is in place for real-time payments. Peer-to-peer (P2P) transactions are setting the stage for wider acceptance of paying bills and conducting commerce 24/7. Craig Ramsey, head of real-time payments at ACI Worldwide, lays out how digital overlays and real-time rails will be ready...
Sterling Bancorp announced that it has launched its new Innovation Finance Group, and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. The new group will provide a full suite of lending and banking products for growing technology companies at every...
Following years of brisk expansion, China’s smaller financial institutions are seeing hard times as customers turn to larger banks and the local economy slows, the Wall Street Journal (WSJ) reported on Sunday (Nov. 17). Get the Full Story Complete the form to unlock this article...