News

Banking
SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
July 25, 2018

Financial messaging company SWIFT, along with a number of corporates and banks, announced Wednesday (July 25) plans to begin testing a multi-bank standard to further improve the cross-border payments experience for multi-banked corporates. Get the Full Story Complete the form to unlock this article and...

Investments
ClassPass Raises $85M In Venture Funding
July 25, 2018

ClassPass, the fitness membership service, announced on Wednesday (July 25) it raised $85 million in venture funding. 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
China Breaks Up Massive Pyramid Scheme Involving 82 People
July 25, 2018

China has arrested 82 people as part of the busting of a $1.51 billion online pyramid scheme that involved more than 220,000 investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
Santander Offsets Emerging Market Currency To Beat Wall Street Views
July 25, 2018

Banco Santander was able to offset emerging market currency volatility and a slowdown in U.K. during its second quarter, reporting net income that surpassed Wall Street views. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Global Payments
TransferTo Teams Up With Stellar; Bunq Unveils Payment Link Service
July 25, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferTo‘s tie-up with Stellar Development Foundation for cross-border facilitation services. In addition, the Netherlands’ bunq has unveiled a payment link service, and the Philippines Securities and Exchange Commission (SEC) is warning the public about a...

Retail
Ivanka Trump Shuts Down Fashion Brand To Focus On Politics
July 25, 2018

Ivanka Trump is shutting down her namesake fashion brand to focus on her role in her father’s administration. 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
Poshmark Redesigns Shopping Navigation
July 25, 2018

It’s going to get easier for customers to shop Poshmark and come quickly to the items they most want. 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...

Retail
Material’s New Take On Kitchens For Millennials
July 25, 2018

Cheap cookware is not hard to find, and most consumers, particularly younger ones, have an awful lot of its floating around their kitchens. Sharpish knifes, vaguely un-level spatulas, whisks that don’t quite whisk for some reason – it’s all easy to find and easy to purchase...

Retail
True Food Innovations Buys Assets Of Chef’d
July 25, 2018

After recently suspending its operations due to financial difficulties, meal kit company Chef’d has found a buyer. True Food Innovations has reportedly bought Chef’d’s assets after it closed suddenly on July 16, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this...