Brookstone, a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. But shopping malls aren’t nearly as busy as they once were, and, with declining foot traffic in U.S. malls, Brookstone is now the latest major brick-and-mortar retailer to announce...
To help fuel its growing subscription business, refinance debt and widen its operations, Rent The Runway has linked up with Temasek for a credit facility of $200 million. The retailer’s subscription business, in particular, has grown 150 percent year over year since its rollout, according...
To help grow innovative companies in the grocery industry, Albertsons Companies has linked up with Greycroft to create an investment fund. The fund, which could be up to $50 million, is part of Albertsons’ strategy to work with emerging grocery technologies, Chain Store Age reported Get the...
Blockchain company Stratis announced this week it has developed a wallet that supports cryptocurrency payments for corporates. 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...
Barclays is the next traditional financial institution to strike a partnership with an alternative lender, announcing Thursday (Aug. 2) that it has invested in small business lending platform MarketInvoice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
B2B FinTech enjoyed one of its busiest and most lucrative weeks this year so far. In addition to acquisitions — like Barclays’ minority stake in MarketInvoice and Certify’s takeover of Abacus — venture capitalists pumped new funding into the field, with many rounds reaching nine...
Discover Financial Services is pushing for digitization of B2B payments in the U.S. through a collaboration with the Business Payments Directory Association (BPDA), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Get the Full Story Complete the form...
New data from WorldFirst shows small businesses (SMBs) in the U.K. are pressing past threats looming from Brexit and increasing their global trade volumes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
