News

Retail
Foot Locker Works With Nike On Power Stores
August 09, 2019

As it launches larger and more interactive stores, Foot Locker is working with Nike. The retailer’s Power locations are said to be four times larger than its usual mall locations, and one is set to open this weekend in New York City, CNBC reported. Get...

Regulation
EuroCommerce On Why Merchant, Consumer Awareness Is Critical To SCA
August 09, 2019

Twenty-five percent of EU merchants are unaware of PSD2’s SCA requirement — and even more are unprepared. And come Sept. 14, exemptions and extensions aside, that could cost them big. More than a third or more of their payments could fail for lack of compliance,...

Regulation
Ready Or Not, Strong Customer Authentication Is Coming
August 09, 2019

As September approaches, the deadline for EU merchants to implement Strong Customer Authentication (SCA) is looming. But according to the PSD2 Tracker, as many as 60 percent of these merchants aren’t ready. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
GPS Capital Markets For Sale, Sources Say
August 09, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. 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...

B2B Payments
 SMB Lending, Automation In B2B VC Focus
August 09, 2019

 India and Europe were at the forefront of VC activity this past week, as dollars and euros flowed to startups focused on SMBs (Germany’s Penta among them of course) – and in particular, helping them access capital and automate backend functions.

B2B Payments
HSBC Adds More Currencies For EU Commercial Cards
August 09, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
How Restaurant AP Grows Value With The Front-Office POS
August 09, 2019

The restaurant industry has a lot of unique financial friction points. With notoriously tight margins, continued reliance on cash and paper and products that are easily perishable or damaged, restaurants face a slew of hurdles in managing cash flow and gaining visibility into their current...

B2B Payments
Funding Circle Eyes Economic Volatility As Losses Grow
August 09, 2019

U.K.-based small business lending platform Funding Circle has posted wider losses in its latest earnings report of the six months to June 30, reports in MorningStar said on Thursday (Aug. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Cyberattack Paralyzes India eProcurement Portal
August 09, 2019

A cyberattack has shut down the governmental eProcurement system of the southwestern Indian state of Karnataka, reports in The New Indian Express said on Thursday (Aug. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...