Bigger sales mean more returns as retailers ready themselves for a flood of unwanted merchandise that is anticipated to top $40 billion, CNBC reported on Friday (Dec. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
China’s Ant Financial has negotiated an unannounced strategic investment in Vietnam’s eWallet startup eMonkey, Reuters reported on Friday (Dec. 20) citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A Lithuanian man who scammed Facebook and Google into sending him hundreds of millions of dollars has been sentenced to five years in prison, according to published reports Thursday (Dec. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A decade ago, the concept of building a retail operation around shopping in other people’s closets was something of a hard sell. In 2009, the sharing economy was in its earliest days — Uber had just been founded, Airbnb was less than a year old,...
In the 1930s, in the era of the Great Depression, when consumers had little extra cash, retailers nationwide came up with an innovation to make it easier for people to shop without having to pony up cash right away. It was called layaway. Get the...
In the bidding war for British online food company Just Eat, competitors Prosus and Takeaway.com are both putting up strong offers for their final bids. Prosus, the internet division of tech conglomerate Naspers, is offering £5.5 billion ($7.16 billion USD) in cash, and Dutch takeout...
With the ongoing decline of checks, the growth of payments by debit and credit cards continued to speed up from 2015 to 2018, per Federal Reserve U.S. non-cash payments data. The 2019 Federal Reserve Payments Study found that the core non-cash payments growth rate arrived...
A number of Chinese tech companies were ordered to clean up policies on the way their apps deal with user information or face penalties, according to an Associated Press report on Thursday (Dec. 19). Get the Full Story Complete the form to unlock this article and...
Marketplace trading platform LiquidX is rolling out its Supply Chain Finance (SCF) program on its new web-based portal, the company said in a press release on Thursday (Dec. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
