News

Banking
U.K. Banks Clamping Down On Credit As Risk Rises
January 12, 2018

Banks in the United Kingdom are dialing back their credit underwriting and other extensions of unsecured debt as concerns are mounting that rising household debt could destabilize the financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
Judge Tosses Request For Injunction Against Acting CFPB Head
January 12, 2018

The Trump Administration scored another victory when it comes to the Consumer Financial Protection Bureau (CFPB), with a federal judge dismissing a request for a preliminary injunction against acting director Mick Mulvaney. Get the Full Story Complete the form to unlock this article and enjoy...

Bitcoin
South Korea Backs Off Bitcoin Ban
January 12, 2018

The official word from South Korea’s Blue House (the local equivalent of the White House) is in: there will be no ban on bitcoin trading in the near future for South Korea. Get the Full Story Complete the form to unlock this article and enjoy...

A Rideshare Save For Busy Parents’ Woes
January 12, 2018

Shuttling kids from school to soccer practice used to mean managing car pools, traffic — and lots of friction. But software platforms with embedded payments are giving parents new options. In the latest PYMNTS Payments Powering Platforms Tracker™, powered by WePay, Zemcar co-founders Bilal Khan...

Retail
Domino’s CEO Says He’s Not Moving To Chipotle
January 11, 2018

The CEO of Domino’s Pizza, J. Patrick Doyle, said the rumors are simply not true: He’s not moving to Chipotle Mexican Grill to turn business around at the quick service restaurant (QSR) chain, Reuters reported. Get the Full Story Complete the form to unlock this...

Retail
Sears Struggles Seem Stuck On Repeat
January 11, 2018

Sears has announced a new financing lifeline and will be scaling back costs as it attempts to return to profitability. The company is also closing more stores, according to reports from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Kohl’s CEO Is Bullish On Brick And Mortar
January 11, 2018

Even as Kohl’s Corp. downsizes its stores, its president and CEO Kevin Mansell says brick-and-mortar locations are key to its success, CNBC reported Tuesday (Jan. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Ripple Links With MoneyGram For XRP Trial
January 11, 2018

Blockchain player Ripple is linking with MoneyGram to pilot XRP, the digital currency, for use in the latter’s payment flows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Trade Finance Awaits A Boost From FinTech
January 11, 2018

Lenders in the U.S. overwhelmingly plan to expand financing activity this year. According to new research from Magilla Loans, which offers an anonymous search engine data for both home and business loans, a survey of mortgage and business lenders found plans to originate more than...