News

Retail
eBay Thinks Global, Gets Personal
May 23, 2018

As one of the web’s best known, most established eCommerce sites and original marketplaces, eBay‘s evolution over the last half decade has been rapid. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Digital Sales Boost Kohl’s First-Quarter Sales Beat
May 23, 2018

Boosted by strong digital sales growth, Kohl’s posted a strong first quarter and beat both top-line and bottom-line estimates. The retailer reported earnings per share of $0.64 and revenues of $4.21 billion compared to analysts’ estimates of $0.50 and $3.95 billion, respectively. Get the Full...

Retail
Hy-Vee’s First Wahlburgers Restaurant Opens In Minnesota
May 23, 2018

Hy-Vee amps up its partnership with the Wahlberg brothers by opening its first Wahlburgers restaurant at the Mall of America in Minnesota. The opening comes as Hy-Vee plans to open another 25 restaurants over the next few years, The Star Tribune reported. Hy-Vee Chief Executive...

Alternative Finances
Are UK Overdraft Fees More Costly Than Payday Loans?
May 23, 2018

Which?, a U.K.-based consumer group, and a cross-party group of 84 MPs are taking on bank overdraft fees, demanding the Financial Conduct Authority (FCA) require banks to charge the same rages for unarranged overdrafts that they do for arranged overdrafts. According to Which?, the rates...

News
U.S. Sanctions Hit ZTE Hard  
May 23, 2018

ZTE, the Chinese telecom firm, may see losses of as much as $3.1 billion (20 billion yuan) amid a continuing ban from the U.S. government on U.S. firms supplying components and materials to ZTE. Get the Full Story Complete the form to unlock this article...

B2B Payments
UK’s Nationwide Goes After Biz Banking With RBS Grant
May 23, 2018

Nationwide, one of the U.K.’s top three mortgage providers, is responding to struggling profits by focusing on corporate banking, reports in Reuters said Tuesday (May 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Finding Another FinTech Angle To Tackle The Trade Finance Gap
May 23, 2018

With a market gap as wide as $1.5 trillion, it’s no wonder the trade finance industry has landed the attention of FinTechs at a lightning pace in recent years. Much of that focus occurs in the form of alternative lenders introducing new avenues through which...

B2B Payments
Neiman Marcus To Boost Visibility Of Inventory For Suppliers
May 23, 2018

Retailer Neiman Marcus is turning to technology to boost visibility into sales and inventory for its supplier base, the company announced this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
SWIFT Deepens Faster Payments Presence Across Europe
May 23, 2018

Global payments logistics service provider EFiS is broadening its collaboration with payments messaging firm SWIFT to facilitate connection to faster payments networks in Europe, the companies announced on Tuesday (May 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...