News

Banking
OCC Report Uncovers Problems With Sales Practices At Banks
June 06, 2018

After reviewing sales practices at more than 40 large and mid-sized banks, the Office of the Comptroller of the Currency (OCC) found multiple systemic issues, along with hundreds of problems at individual banks. With the review, the office found examples of banks opening accounts without proof...

Banking
Circle In Early Talks For US Banking License
June 06, 2018

Months after rolling out a crypto trading platform, Circle Internet Financial Ltd said it has had early talks with regulators about obtaining a banking license in the U.S. With a license, Circle could offer its customers more financial services, Reuters reported. Get the Full Story Complete...

Delivery
Coming Soon: Hamburgers By Drone In The Burbs
June 06, 2018

The last mile has its challenges — faced on land, over roads, amid ocean waves and in the air. 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...

Cross-border Payments
Tencent Seeks To Cut Paper Chase In Travel Between China And Hong Kong
June 06, 2018

The paper chase — the literal one — is about to get cut short amid distances well-traveled. News came Wednesday (June 6) via Reuters that Tencent Holdings is working with the Chinese government, eyeing the WeChat app as a way to substitute for travel documents —...

Retail
Not A Joke: IHOP To Change Name To IHOb
June 06, 2018

IHOP is dead. Long live IHOb. As of this morning (June 6), the news came over the wires and rendered today as “a day that will live in infamy.” It is the day that the International House of Pancakes was no more. Instead, it will IHOb....

Retail
Reformation Gets Physical With Nordstrom Wholesale Partnership
June 06, 2018

To widen its reach, Reformation is coming to a select number of Nordstrom brick-and-mortar stores, as well as the retailer’s eCommerce website. The brand uses sustainable and rescued fabrics, along with vintage clothing, to create apparel, Retail Dive reported. Get the Full Story Complete the form to...

Retail
Sears Given Two Extra Years To Pay Back Lenders
June 06, 2018

Sears Holdings revealed in a Securities and Exchange Commission (SEC) filing that it has been given two extra years to repay lenders, including Eddie, Lampert, its CEO and hedge fund owner. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Judging A Beer By Its Can: The Future Of AR In Consumables And Beyond
June 06, 2018

“Beer speaks” may be the slogan for Lagunitas, but it’s Glasgow brewery Up Front that’s actually making its beer cans talk through an augmented reality (AR) campaign with local creative agency Freytag Anderson and visualization partner Render Studio. Get the Full Story Complete the form...

Retail
Shake Shack’s Complex Evolution To Digital
June 06, 2018

For every innovation that changes the world, many … don’t. The difference between what works and what doesn’t is often measured in micrometers — not feet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...