News

Security & Fraud
Tax Havens And Money Laundering Suspected In Deutsche Bank Raid
November 29, 2018

Federal authorities in Germany raided six offices of Deutsche Bank on Thursday morning (November 29), searching for evidence about money laundering and offshore tax havens, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article...

Retail
Dick’s Sees Sales Slide, But Profits Hold In Q3
November 29, 2018

Sales were down in Q3 at Dick’s Sporting goods, as the retailer announced a net sales decline of 4.5 percent year over year to $1.86 billion. The company’s eCommerce sales were on the incline, up 16 percent in total and reaching about 12 percent of total...

Retail
Cotopaxi And Selling Outdoor Gear For The Greater Good
November 29, 2018

When Cotopaxi Founder Davis Smith began shopping his idea for an outdoor gear company with a focus on giving back — particularly to people in need — investors didn’t get it. Unlike what he described as “the 1980s model of corporate social responsibility,” which mostly involved...

Retail
Why Cyber Monday Is Quietly Becoming Cyber Week
November 29, 2018

By all accounts, Cyber Monday 2018 was a roaring success. With, according to the most popular estimate, 7.9 billion in online sales, the result beat forecasts for the day and represents a 19.7 percent increase over 2017’s $6.6 billion in sales. It was good enough to...

Retail
Sears Target Of Reported Takeover Bid
November 29, 2018

Does Sears have a shot at new life? 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. By completing this form, you...

B2B Payments
Booking.com Integrates Payments For Corporate Travelers With AirPlus
November 29, 2018

Online travel booking platform Booking.com is enhancing the payments experience for its corporate customers through a partnership with business travel payments and billing company AirPlus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Amazon, WeWork Halt Alexa For Business Pilot
November 29, 2018

Amazon and WeWork have reportedly pressed pause on their partnership to introduce Alexa for Business into workspaces, reports in CNBC said this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Cryptocurrency Auditions For Role In Hollywood’s Financial Supply Chain
November 29, 2018

The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. In finance, that could...

B2B Payments
Kuwait Debuts FinTech Sandbox
November 29, 2018

As proof that FinTech sandboxes are going global, Kuwait has become the latest player in the Middle East to debut a framework. Elsewhere, a Kenyan bank has embraced FinTech for money transfer activities.