News

Retail
Signet Jewelers To Pay $11M After Creating Fake Accounts
January 17, 2019

According to a settlement that was signed with a wholly owned subsidiary, Signet Jewelers Ltd. is to pay federal and state regulators penalties of $11 million for allegedly opening fake store card accounts. Sterling Jewelers, a subsidiary that operates over 1,500 locations across the country with different...

B2B Payments
Conflicting Research Leaves Doubt Over Small Business Confidence
January 17, 2019

After months of record highs, small business optimism has apparently begun a downswing — or has it? 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
Workforce Shifts Bring About Payroll’s Own Evolution
January 17, 2019

The evolution of payroll is all about pushing back against the notion of one-size-fits-all. As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. Get the...

B2B Payments
Goldman Sachs Backs Alternative SMB Lender Capify
January 17, 2019

U.K.- and Australia-based Capify, an alternative finance provider targeting small firms, has landed a $96.6 million investment from Goldman Sachs, the company said on Wednesday (Jan. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
API Exchange Debuts In Hong Kong
January 17, 2019

More than 200 APIs will be made available from more than a dozen banks in Hong Kong through JETCO, backed by Union Pay. Elsewhere, Ripple's xRapid sees further adoption, while SWIFT has published a standard for its Pay Later API.

B2B Payments
GE Capital Exits Trade Finance With MUFG Acquisition
January 17, 2019

General Electric‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. In an announcement on Wednesday (Jan. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance...

B2B Payments
Banco Santander Pulls Plug On New CEO
January 17, 2019

Banco Santander announced this week that plans to hire a new chief executive officer have been cancelled. 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
India Eyes SMBs In Pursuit Of $5T Economy
January 17, 2019

A government working group in India has said a $5 trillion economy could be a reality for the country by 2025, with small businesses (SMBs) a key component of the roadmap it proposed to achieve that goal. Get the Full Story Complete the form to...

Regulation
Rubio’s Privacy Bill Takes Aim At Facebook, Google, Amazon
January 17, 2019

Senator Marco Rubio (R-Fla.) has introduced new legislation that would create federal standards of privacy protection for companies like Facebook, Amazon, and Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...