News

B2B Payments
House Committee Approves Ban On Controversial SMB Loan Tactic
November 15, 2019

The U.S. House Financial Services Committee has voted in favor of banning a controversial practice in small business lending, The Washington Post reported Friday (Nov .15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Walmart Develops Blockchain Freight Payment Network
November 15, 2019

Walmart Canada has developed a blockchain-based network to facilitate logistics operations and payments, the company announced in a press release Thursday (Nov. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Under Armour Defends Reputation Amid Allegations Of Hiding Soft Sales
November 15, 2019

Under Armour CEO Kevin Plank has responded to allegations that he borrowed business from quarters in the future to mask slowing demand for the company’s offerings in 2016, according to a report by CNBC. Get the Full Story Complete the form to unlock this article...

Retail
Tim Armstrong: Nike’s Departure From Amazon Could Lead To DTC ‘Megatrend’
November 15, 2019

Earlier this week, Nike announced it will no longer sell its wares on Amazon, instead opting to follow a growing trend in eCommerce where companies sell directly to consumers (DTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Digital Banking
CIT Bank Rolls Out Digital Checking Product
November 15, 2019

National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment solutions, the company announced in a press release on Friday (Nov. 15). Get the Full Story Complete the form to unlock this article...

Security & Fraud
Swedish Bank SEB Shares Tumble On Money Laundering Inquiry
November 15, 2019

Shares in Swedish bank SEB fell on Friday (Nov. 15) over news that it might soon be embroiled in a money-laundering scandal, which has also affected some of its peers in the region, according to a report in the Financial Times. Get the Full Story...

Delivery
Amazon Makes Another Grocery Play Via Delivery
November 15, 2019

As it seeks to build its power in the grocery sector, Amazon reportedly is lowering its prices for grocery delivery in Germany, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Is The Future Of Streaming Seamless Shopping?
November 15, 2019

The idea of shopping while watching TV is not exactly new or untrodden ground. The Home Shopping Network (HSN) has been around for over 40 years, QVC for over 35 and in the last decade or so the concept of shopping the digital stream has...

Retail
October Retail Up 0.3 Percent Despite Trade War, Recession Fear
November 15, 2019

Retail sales rose 0.3 percent in October, rebounding from a 0.3 percent drop the previous month, CNBC reported on Friday (Nov. 15), citing a U.S. Commerce Department report.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...