News

Banking
Deutsche Burdened By High Interest Rate Payments
February 11, 2019

Deutsche Bank is now paying the highest financing rates on the euro debt market as compared to other major financial institutions, which could lead to a loss of transactions with some of its biggest clients. Get the Full Story Complete the form to unlock this...

B2B Payments
Cash Flow A Tough Lesson To Learn For SMBs
February 09, 2019

Small businesses (SMBs) are often called the lifeblood of the economy. As it were, cash flow is the lifeblood of the small business — and many firms are struggling. The latest research from Wells Fargo, Euler Hermes and Intuit finds late payments and market volatility...

B2B Payments
XinFin Signs On To R3 Corda For Enterprise Blockchain Apps
February 09, 2019

Enterprise blockchain platform XinFin is joining the R3 consortium, with the R3 Corda marketplace hosting several XinFin apps for business users, the companies said in a press release Friday (Feb. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payments Innovation
Beyond Flying Cars: Predictions That Weren’t Necessarily On The Money
February 09, 2019

Welcome, valued PYMNTS readers, to the weekend. 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. By completing this form, you agree...

Retail
Record Retail Spending Expected This Valentine’s Day
February 08, 2019

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. 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...

Retail
Walmart Debuts Online Private-Label Furniture Brand
February 08, 2019

Walmart has released a new online-only furniture brand called MoDRN, the company said on Friday (Feb. 8). 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...

Cross-border Payments
As Brexit Looms, FinTech Firms Scramble For Lithuanian Licenses
February 08, 2019

With Britain set to leave the European Union on March 29, financial companies from Britain and elsewhere are scrambling to secure electronic money institution licenses in FinTech-friendly Lithuania to make sure they can access the EU post-Brexit, according to a report from Reuters. Get the...

Global Payments
ClickDishes Teams With Alipay For Mobile Orders
February 08, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the rollout of a mini-program for mobile food ordering in Canada with ClickDishes and Alipay. In addition, Auchan is planning to bring a cashierless store to a community in...

Retail
How Madhappy Turned T-Shirts Into A Lifestyle Brand
February 08, 2019

T-shirts and hoodies are not, generally speaking, complex fashion items. The average T-shirt costs about $6 to manufacture (overseas), a high-quality hoodie can run from $11 to $18 to make (also overseas) and T-shirt manufacturers aren’t hard to find. And pretty much everyone wears them regardless...