News

Retail
Walgreens Plans To Shutter 200 Locations
August 08, 2019

After its parent company announced plans earlier this year to close 200 stores in the United Kingdom, Walgreens is looking to shutter 200 locations in the United States. The pharmacy chain aims to save $1.5 billion by fiscal 2022 in annual expenses, CNBC reported. Get...

Retail
India’s Reliance Partnering With Iconic Jeweler Tiffany 
August 08, 2019

Reliance Industries in India has aligned with U.S.-based luxury jeweler Tiffany & Co to open a line of stores in the country, Reuters reported on Wednesday (Aug. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
A ‘Payment-Agnostic’ Approach To Accounts Payable
August 08, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
How The FedNow Service Could Keep Checks In B2B Payments
August 08, 2019

The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to the U.S.’s path toward faster, digital payments. Get the Full Story Complete the form to...

B2B Payments
Auditors Ready To Drop Riskiest Corporate Clients
August 08, 2019

As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., the Financial Times reports that the conglomerates are gearing up to offload some of its riskiest corporate clients. Get the Full Story Complete the form to unlock...

B2B Payments
StanChart Deepens China Focus With Innovation Lab Launch
August 08, 2019

U.K. bank Standard Chartered is expanding its network of innovation labs with the launch of an eXellerator lab in Shanghai, reports said this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
India’s AU Bank Enables Account Opening Through WhatsApp
August 08, 2019

India’s AU Small Finance Bank is rolling out an integration with WhatsApp, allowing small business customers to open an account on the messaging app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Alternative Finances
State Regulators Investigate Payday Advances
August 08, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances.  On Tuesday (August 6), Financial Services Superintendent Linda Lacewell...

Security & Fraud
Facebook’s WhatsApp Still Vulnerable To Year-Old Chat Hack
August 08, 2019

Internet safety authorities uncovered a means of hacking chats on WhatsApp last year, but Facebook has yet to fix the security flaws, The Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...