News

Retail
Finish Line Completes Merger With JD Sports
June 18, 2018

Becoming an indirect, wholly owned subsidiary of JD Sports, Finish Line has completed its merger with the European retailer. As a result of the merger, Finish Line and JD Sports will create a multi-channel, multi-brand retailer “with expanded global scope,” according to Finish Line in...

Retail
Work Spaces Serve Up Coffee With Community In Apartment Buildings
June 18, 2018

Sometime in the near future, a gig economy or remote worker who lives in an apartment building in Austin, Texas might start their day like this: They will leave their apartment and walk downstairs to a coffee shop where they will grab an iced latte....

B2B Payments
Supply Chain Digital Transformation Echoes Through The Enterprise
June 18, 2018

Large-scale enterprises are quickly realizing the importance of strategic supplier sourcing – and that means more than finding the cheapest prices on goods they need. It’s an opportunity, experts say, for digitization and automation to step in, particularly as advanced analytics and artificial intelligence offer...

B2B Payments
WorldFirst May Beat PayPal In Securing China Payment License
June 18, 2018

China will reportedly allow payments company WorldFirst to enter its financial services market, making the U.K.-based company the first foreign firm to do so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Competition Heats Up Between Large FIs, Small Banks, Alt Lenders – And SMBs Win
June 18, 2018

Loan approvals for small business borrowers in the U.S. hit a new peak last month, according to Biz2Credit research. But the story doesn’t end there. Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions,...

B2B Payments
ClearBank Agrees To Open Account For Crypto Exchange
June 18, 2018

U.K. bank ClearBank has reportedly agreed to open up an account for a cryptocurrency exchange, according to unnamed sources, as reported by Reuters on Friday (June 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Payments Innovation
Amazon Restaurants, Big Threat Or Essential Lifeline?
June 18, 2018

The restaurant industry today is a study in contradictions. Census data tells us that roughly 44 percent of what consumers spend on food comes from restaurants, rather than groceries for home. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Goldman Sachs Employees’ Second Job: Venture Capitalists
June 18, 2018

The bankers at Goldman Sachs have been moonlighting as venture capitalists, investing in many startups that eventually became household names and overseeing a portfolio worth several hundred million dollars. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bitcoin
Crypto-Backing Hedge Funds See Negative Returns
June 18, 2018

Hedge funds investing in cryptocurrencies are seeing returns fall, with digital coins down by 35 percent so far this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....