News

Payment Methods
Integrated Payments, With Regulation In Mind
July 04, 2018

To paraphrase an old maxim: There is nothing new under the sun. 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 daily newsletter, PYMNTS Today. By...

Payment Methods
Firecracker Research Informs Payments Decision Makers
July 04, 2018

Languid hot holiday day? Day off from work? Time to get thinking -- about payments, financial services and innovation, and getting a leg up on the competition. This Independence Day, we bring you a day of independent thought, with research (or tracking of trackers, if you...

Partnerships / Acquisitions
PayPal Closes On Its Deal With Synchrony
July 03, 2018

PayPal announced Tuesday (July 3) the closing of  its deal with Synchrony, in which it acquired $7.6 billion in receivables from PayPal. In a press release, PayPal said the receivables include PayPal’s U.S. consumer credit receivables portfolio, which totaled $6.8 billion at the time of...

Government Panel Proposes Asset Firm For Bad Loans In India
July 03, 2018

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...

Banking
UK Case Might Set Precedent For Payment Protection Insurance Claims
July 03, 2018

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...

Retail
Finding The Worth In The Personal Touch
July 03, 2018

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...

Retail
Consumers Accuse Walmart And Bloomingdale’s Of Extorting Alleged Shoplifters
July 03, 2018

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....

Retail
The Future Of In-Store Pick-Up With Lockers
July 03, 2018

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...

Retail
Changes At Whole Foods Post Amazon Buy Rankles Workers, Suppliers
July 03, 2018

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....