A licensing company that owns Aeropostale and Juicy Couture has put in a $271 million bid to purchase luxury brand Barneys out of bankruptcy, with a plan to place the stores inside Saks Fifth Avenue stores. Get the Full Story Complete the form to unlock...
This week, the European Banking Authority (EBA) extended the deadline for Strong Customer Authentication (SCA) to Dec. 31, 2020. The news follows an earlier extension announced by the EBA in June 2019 that ensured companies would be given “limited” additional time. Get the Full Story...
Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
CEO Melissa Smith of commercial payments company WEX said that the firm is “bracing for volatility” in 2020. In an interview with Bloomberg, Smith noted that the company is keeping a close watch on consumer confidence measures and trade talks ahead of the U.S. presidential...
Bank of America is rolling out a new solution for professionals in accounts payable departments to automatically choose which payment method to pay their suppliers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
PNC Treasury Management is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. 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...
Hainan Golden Technology Co. announced that it has raised ¥1 billion ($141 million USD) in a Series B funding round, led by Chinese tech giant Tencent. Shenzhen Capital Group Co., CDH Investments, China Investment Corp. and China Finance Fund — as well as existing investors...
The evolution of financial services has opened the door for open banking to take place. 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,...
When financing a first home, a complicated mortgage process can confuse buyers, and draw out loan underwriting timelines — costing time and money. Yet, lenders often lack the information they need to close loans sooner, and reduce costs for borrowers, Eric Bloomquist, chief product officer...
