Once upon a time, the holiday shopping season had a very, very well-defined start date. The day after Thanksgiving has been known colloquially as Black Friday ever since the 1970s. But before it was known as Black Friday, it was already a nationally established custom in the U.S. to associate...
Through a reported funding round, digital wealth management startup Acorns Grow Inc. is said to be seeking over $100 million in funding. Such a round could potentially provide the company with a valuation of more than $700 million, Bloomberg reported. Get the Full Story Complete...
Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported. Get the Full Story Complete...
With the approaching holiday season, mobile checkout options are ready for customers at Target and Walmart. Target’s “Skip the Line” service has now reportedly been deployed across the country, as Walmart plans to have “Check Out With Me” at each supercenter when Black Friday rolls around,...
Investigators have reportedly contacted Bank of America Corp. and Deutsche Bank AG regarding transactions involving a Danske Bank branch in Estonia at the heart of a money laundering investigation. JPMorgan Chase & Co. has also reportedly been asked questions by investigators from the Justice Department, Bloomberg...
Thanksgiving preparations are stressful for the cook under any circumstances, but things get exponentially more so when the dinner guests have specific or unique food requirements. And while allergies, intolerances and specialty diets present challenges, veganism can present a special challenge, since it requires that...
Big brands are opening big stores in big cities, but Nike is taking a decidedly digital approach with its New York City flagship: that is, the customer payment and shopping experience in the new space is powered by mobile technology. Get the Full Story Complete...
Amid a charge to earnings related to incorrectly calculated interest rates on its credit cards, Nordstrom’s stock tumbled by close to 10 percent in after-hours trading on Thursday (Nov. 15). The company reported earnings per share of 67 cents, which reflected a non-recurring estimated credit-related charge...
JCPenney’s shares plummeted 12 percent as a result of disappointing Q3 financial results. 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....
