News

Retail
Nordstrom Isn’t Going Private This Year
October 16, 2017

It appears that retailer Nordstrom will remain on the public markets after all, as members of the Nordstrom family have informed the board they have suspended efforts to take the retailer private for the remainder of the year. Get the Full Story Complete the form...

Retail
FinTech Startup Is Toppling Cash King In South Africa With mPOS
October 16, 2017

In South Africa, where cash still reigns and there are few signs of merchants and consumers moving away from paper and coin payments, small- and medium-sized businesses (SMBs) face several payments dilemmas. Many are unable to accept credit cards, and many cannot afford the mainstream point...

Retail
Private Equity Firm Acquires Ruby Tuesday
October 16, 2017

According to CNBC news reports published on Monday (Oct. 16), Beall, Illinois-based food service retailer Ruby Tuesday has agreed to an acquisition by Atlanta, Georgia, private equity franchise funding firm NRD Capital. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Making A ‘Nicer’ World With A Smarter Supply Chain
October 16, 2017

While there are innumerable good things to be said about chocolate, the sour side of the sweet treat is that the “how” of its creation is not anything most people want to contemplate while they are eating it. There are, by most estimates, over 2...

B2B Payments
CFOs Trust The Cloud, But Aren’t Gaining All Its Benefits Yet
October 16, 2017

Chief financial officers (CFOs) were among the last to fully trust cloud technology for their organizations, according to research from software company Adaptive Insights. But, as its third-quarter CFO Indicator report shows, the portion of CFOs that embrace the cloud has spiked in only the last few...

B2B Payments
Former Obama Advisor Eyes Google, Amazon For SMB Lending
October 16, 2017

Google and Amazon are ready to shake up the small business lending world and place competitive pressure on traditional banks, according to Karen Mills, advisor for small businesses to former President Barack Obama. Reports in CNBC said Mills, speaking at London’s LendIt Europe conference, predicted these...

B2B Payments
Scandals May Lead To Reform In Stagnant Corporate Japan, Economists Say
October 16, 2017

Japanese corporations have been hit with a slew of scandals as of late, from accounting schemes to coverups and falsified data. Some experts believe these troubles are ready to culminate in Japanese corporate reform. Get the Full Story Complete the form to unlock this article...

B2B Payments
Millennial Hourly Wages Higher Than Those Of Baby Boomers
October 16, 2017

Millennial hourly wages are higher than those of any other generation, according to the latest data from Paychex. 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...

Banking
Coutts Bank Turns Attention To Younger Clientele
October 16, 2017

In banking news, London-based Coutts Bank, one of the world’s oldest banks, is proving an old dog can learn new tricks. With more than 325 years of experience as a banker to “Britain’s rich and famous,” the U.K.’s largest private bank – also known as...