After closing hundreds of stores that were not profitable, Fred’s is filing for Chapter 11 bankruptcy protection and shuttering all of its locations. Liquidation sales at its retail stores will be held over the next two months, CNBC reported. Get the Full Story Complete the...
Smart cars and connected vehicles could be on their way to addressing road congestion, reducing accident risks and promoting overall convenience for drivers no longer at the wheel. Those are significant propositions for the fleet industry, with giants like Amazon and Uber Freight investing in...
A subsidiary of automaker Toyota has lost millions of dollars thanks to a vendor payment scam, according to SC Media UK reports. The publication said Monday (Sept. 9) that Toyota Boshoku Corporation, one of Toyota’s car parts suppliers, lost more than $37 million to a...
Expense management and reporting technology firm AppZen announced a $50 million fundraise Monday (Sept. 9) with plans to strengthen its artificial intelligence capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The U.K.’s challenger banking sector shows no signs of slowing down as its next entrant, Allica, is cleared for launch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Canada’s Everlink Payment Services, a payment solution and service provider for banks, credit unions and small businesses, is strengthening its fraud controls for clients through a collaboration with ACI Worldwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Michigan has approved a charter for a new financial institution designed for LGBT customers. 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...
Paytm’s parent One97 Communications posted $549 million in net losses for the fiscal year ending in March, according to reports on Monday (Sept. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
San Francisco-based Payments startup Stripe is rolling out its services in eight new European countries, the company said in a press release on Monday (Sept. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...