Car dealers and auto groups want to put their vehicles on the information superhighway – and for good reason: According to a report from Bain & Company, nearly half of car buyers begin their process online. And consumers may prefer car dealerships that offer eCommerce options:...
Following a positive reception from customers, Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. One store will be 1,200 square feet and located in Brentwood, while another will be a 2,200-square-foot store in the city’s downtown area. The concept may...
Chinese regulators are hoping to give a boost to small business (SMBs) lending by telling banks to cut interest rates for SMB borrowers, according to reports in Reuters on Monday (July 9). Two unnamed sources said that regulators have told banks to “significantly cut” lending...
Mastercard and EU FinTech Strands are collaborating on a cash management and corporate payments platform for banks, designed to address small business (SMB) needs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The U.K.’s Open Banking regulation made waves in the financial services market, and those effects have been felt far beyond the U.K.’s — and even Europe’s — borders. Six months after the legislation took effect, the market is finally beginning to iron out the kinks...
Use of online banking portals for corporates is ubiquitous — 99 percent of executives recently surveyed by JPMorgan said they conduct business banking online. However, professionals don’t have plans to expand their eBanking habits, and there may be a few reasons why. Get the Full...
Saxo Bank has divested its global B2B payments solution Banking Circle, according to a Monday (July 9) press release. 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...
Although new rules to combat money laundering in the European Union took effect this week, there are already calls for more reforms after a series of banking scandals in Latvia, Estonia and Malta. According to Reuters, this fifth review of the EU anti-money laundering directive...
BJ’s Wholesale Club has announced that members who shop on BJs.com will now be able to pay for their purchases with PayPal, PayPal Credit and PayPal One Touch. Through the partnership, members won’t have to input their card payment information when making a purchase on...
