Amid efforts to clean up the banking industry in India, a government panel has floated the idea of creating an asset management company (AMC) that would focus on resolving bad loans that are over $73 million. The panel, which is comprised of bankers, was formed after...
After a key legal case that may set a precedent for future claims, U.K. banks may have to pay up to £18 billion to customers who were sold payment protection insurance (PPI). The case centered around a couple who unknowingly paid 76 percent commission for...
The digital age desperately wants to help consumers answer an important, age-old question: What should I wear today? 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...
Even shoplifters have rights, and when push comes to shove, shoplifters will push to have their rights recognized in court. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
As retailers expand their omnichannel efforts with in-store pickup, they are faced with a challenge: What is the best way to help their customers retrieve their orders from their brick-and-mortar stores? Home Depot, for example, is taking a page out of the Amazon retail playbook...
One year in, the changes at Whole Foods Market, post the acquisition by Amazon, are rankling some of the grocery giant’s employees and its supply chain. The Wall Street Journal (WSJ) reported that some suppliers are upset with the rates that are being levied by Whole Foods....
The U.K. continues to consolidate its payments industry, with its New Payment System Operator (NPSO) announcing the latest step in the initiative. A press release on Monday (July 2) said the NPSO acquired the U.K. Payments Administration and has taken control of the nation’s check...
Two supermarket conglomerates are teaming up and combining their leverage to get better payment terms from their suppliers. Reports in Reuters on Sunday (July 1) said France’s Carrefour and the U.K.’s Tesco, Europe’s largest grocer groups, are forming a global purchasing alliance that would enable...
Amid talk of enterprise digitization, discussions about paper invoices and checks persist. New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. Get...
