News

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...

Security & Fraud
BSA Officials At FIs Targeted By Phishing Campaign
February 08, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. are said to have been sent emails that appeared to have come from other BSA officers. The emails were reportedly only sent to certain anti-money...

Security & Fraud
Wirecard Sues ‘Financial Times’ For Defamation
February 08, 2019

German payments company Wirecard saw its shares drop 10 percent on Friday (Feb. 8) following a raid by Singapore police on its offices there, according to a report from CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
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...

Retail
Walmart’s Allswell Goes On Tour; Target To Expand Debut Of New Loyalty Program
February 08, 2019

Startups in the eCommerce space have long enabled their customers to experience their products in real life (“IRL”) through temporary retail shops, and now, digitally-focused brands belonging to major retailers are taking a similar approach. News this week came that Walmart’s Allswell brand will be letting...

Retail
Dunkin’ Deepens Digital Delivery Push Amid Espresso Relaunch
February 08, 2019

Amid a push to relaunch its espresso offering and open Next-Gen stores, Dunkin’ Brands reported better-than-expected bottom-line results, but fell short of expectations for fourth quarter revenues. The quick-service restaurant (QSR) chain reported revenues of $319.6 million and earnings per share of 68 cents compared to...