As competition makes it challenging for retailers to retain customers, Walmart has created a new position of chief customer officer, which will be responsible for its in-store and eCommerce offerings. Former American Express executive Janey Whiteside will fill the role, which is geared toward bringing...
As Lyft seeks to contend with Uber’s purchase of JUMP Bikes, the ridesharing company said it will buy bikesharing firm Motivate. Lyft would reportedly pay approximately $250 million for the company, which is the parent of Ford GoBike and Citi Bike, Reuters reported. Get the...
Social Finance, the online lender, has been holding talks with banks during the past few weeks in an effort to raise around $500 million in an unsecured line of credit to fund mergers and acquisitions of other FinTechs. Get the Full Story Complete the form...
Following a non-jury trial in March, a federal judge has said that PricewaterhouseCoopers LLP (PwC) must pay the Federal Deposit Insurance Corp. (FDIC) $625.3 million after failing to detect fraud between a client and a mortgage lender. Colonial Bank, which was PwC’s client, and Taylor,...
Trax, the Singapore startup focused on the retail industry, raised $125 million in a new round of venture funding amid plans to go public via an initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As Colgate-Palmolive Co. seeks to cut out retailers as sales move to eCommerce, the consumer packaged goods (CPG) company is reportedly seeking the help of a startup to sell products via a subscription service. According to sources familiar with the situation, Colgate is nearing a potential...
The vacancy rate at malls around the country hit 8.6 percent in the second quarter, marking the highest level since back in 2012 when the U.S. was crawling out of the last recession. Get the Full Story Complete the form to unlock this article and...
A new study commissioned by the New York City Taxi and Limousine Commission found that drivers for Uber and Lyft should get a raise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The majority of Americans don’t dedicate much time to routine access to financial services. About 77 percent of American adults are able to have all of their financial service needs met by the mainstream market – in fact, those providers compete for their business. Get...
