News

Retail
Serving Up Local Life, On Demand, Around The World
June 06, 2019

The world has become so flat that it is impossible to have a truly local experience, because “local” no longer exists. At least not in major world destinations, if a wave of recent think pieces is to be believed. Get the Full Story Complete the...

Retail
Stitch Fix: Big Growth And A Surprise Turn To Profitability
June 06, 2019

Stitch Fix had a lot of happy investors Wednesday afternoon (June 5) when the market closed and its Q1 earnings report hit the wires. Earnings and revenue both came in well above expectations, as active client lists continued to grow at a double digit pace...

Banking
Chase Shuts Down Finn
June 06, 2019

Barely more than a year after banking giant JPMorgan launched an effort to bring younger clients into the fold — through digital means and specifically through a digital banking app — the firm is killing that particular nationwide project. Get the Full Story Complete the...

Retail
Is The US On The Verge Of A Contactless Surge?
June 06, 2019

Near-field communication (NFC) technology isn’t exactly new. For some time now, retailers have been using it and radio frequency identification (RIFD) behind the scenes for stock and quality control, as well as to provide product information to customers with smartphones. However, the U.S. has been...

B2B Payments
PwC: Next Auditing Giant To Overhaul Business
June 06, 2019

PricewaterhouseCoopers is the next Big Four U.K. auditing giant to overhaul operations amid growing regulatory scrutiny on the industry. 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...

B2B Payments
SBA Promotes Credit Union SMB Lending
June 06, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services,...

B2B Payments
Accounting Changes Balloon Liabilities For Chipotle, Nordstrom
June 06, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. to significantly increase their liabilities, leaving some investors caught off guard, according to Bloomberg Tax reports Wednesday (June 5). Get the Full Story Complete the form to unlock this article...

B2B Payments
How New Entrepreneurs Usher Open Banking Into SMB FinServ
June 06, 2019

Bank branch closures have some analysts, and even the banks themselves, on high alert. Researchers found a 2.2 percent drop in the number of U.S. bank branches in 2017, and some are concerned that, as the trend continues, small business (SMB) owners will not have...

B2B Payments
Lighter Capital Broadens AltFin Products For Startups
June 06, 2019

Lighter Capital, an alternative lender targeting the startup community, is adding new financing products to its offering. 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...