News

Global Payments
Citi Payment Insights Expands To 70 Markets
November 21, 2018

Citi’s Treasury and Trade Solutions (TTS) announced that it has expanded its Citi Payment Insights offering to more than 20 new markets, making it available in more than 70 markets. Launched in July, Citi Payment Insights provides real-time payments visibility, including processing status and timelines,...

Retail
Target Stock Sinks After Q3 Earnings Miss
November 20, 2018

Target’s stock price slid sharply and suddenly when the firm announced its results for the third quarter, falling 9 percent as the retailer announced a somewhat mixed result for the quarter. Despite the largely so-so result, Target went into its call with investors looking to...

Investments
Careem Aims To Raise As Much As $200M From Chinese Investors
November 20, 2018

Careem, the leading ride-sharing rival to Uber in the Middle East, is aiming to raise between $100 million and $200 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Alternative Finances
Sub-Prime Lending’s Late-Year Bounce
November 20, 2018

According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit. In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the...

Security & Fraud
Department Of Justice Accuses Globvision CEO Raul Gorrin Of Bribery
November 20, 2018

The U.S. Justice Department has accused Raul Gorrin, the owner of Globvision, the Venezuelan television channel and Seguros La Vitalicia, the insurance firm, for bribing officials in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Coupang Gets $2B Investment From SoftBank’s Vision Fund
November 20, 2018

Coupang, the South Korean eCommerce company, is getting a $2 billion investment from SoftBank’s Vision Fund, which will provide it with the money to speed up development of delivery and shopping services. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
AUrate’s Vision For Curated Fine Jewelry
November 20, 2018

When Bouchra Ezzahraoui and Sophie Kahn went into the jewelry business with their startup AUrate, they had a clear problem in mind they wanted to fix – the market for fine jewelry wasn’t really designed to cater to the people who wear most of the...

Retail
Malls Embrace Modular Retail Tenants
November 20, 2018

Malls are providing digital native brands with the opportunity to rent space without the typical lengthy commitment. In one case, real estate investment trust (REIT) Macerich is bringing a concept called BrandBox to its Tysons Corner Center mall in a Washington, D.C. suburb. While Macerich’s...

Retail
Online Fitness Experiences Where Signup Is The Light Lift Differentiator
November 20, 2018

For fitness aficionados and those just looking to get in a workout, several online platforms have emerged to help them bring home the gym experience. But NEOU Co-founder Nathan Forster found that existing offerings forced consumers to buy expensive equipment and lacked a great user...