News

Retail
Pasta Passes Sell Out At Olive Garden
August 16, 2019

With fans of the restaurant chain looking to get an unlimited fix, Olive Garden‘s Never Ending Pasta Pass sold out in one second. All 24,000 passes were bought by customers, Fox Business reported. Members spent more than $100 for a nine-week pass. According to the...

Cross Border Commerce
Global Cross-Border Payments Expected To Grow, But Challenges Remain
August 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. These transactions reached $144 billion in value in 2014 and could hit $240 billion by 2024. Get the Full Story Complete the form to unlock this...

B2B Payments
Why Communication Is Key To Faster Construction Payments
August 16, 2019

Late payments are a headache for any industry, but the construction sector has seen some particularly detrimental effects from cash-flow bottlenecks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Hong Kong Probes China’s Citic Bank Lending
August 16, 2019

Amid escalating political tensions between Hong Kong and China, the Financial Times reported Thursday (Aug. 15) that Hong Kong authorities have reportedly opened an investigation into Chinese banks operating in the city. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Small Biz FinTech Leads Week’s B2B Funding Roundup
August 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB...

B2B Payments
Revolut Taps Xero For SMB Expense Offering
August 16, 2019

Challenger bank Revolut is launching a new product for its small business 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 Today....

B2B Payments
Axos Bank Expands Commercial Presence In NYC, LA
August 16, 2019

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., it said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
GE Accused Of $38B Accounting Fraud
August 16, 2019

General Electric has been targeted in accusations of massive accounting fraud by the whistleblower that called out Bernard Madoff’s Ponzi scheme, reports in CNBC said on Thursday (Aug. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Cap One Employees Warned Of Security Issues Pre-Hack
August 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. 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...