While legal marijuana made inroads in several states this year, federal criminalization of the drug means businesses that operate in the industry cannot access financial services they need like bank accounts and payment services — even when they’re legal. Get the Full Story Complete the form...
China’s banking regulator has issued a draft measure to amend licensing and oversight of the banking activities of foreign-backed financial companies, according to Thursday (Dec. 28) reports from Reuters. The move is intended to lure investments to China’s financial sector, an economic element that is currently...
The central bank in China is clamping down on mobile payments made via a barcode and scanning devices, a move that could negatively impact Ant Financial, the financial services affiliate of Alibaba and Tencent, the Chinese rival. Get the Full Story Complete the form to...
Venezuelan President Nicolas Maduro has vowed to back the national cryptocurrency, Petro, with the country’s natural resource reserves. 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...
Japanese telecommunications firm Softbank Group announced it had acquired a large stake in ride-hailing company Uber Technologies on the cheap, with investors and employees tendering shares, the Wall Street Journal reported Thursday (Dec. 28). Get the Full Story Complete the form to unlock this article and...
In their ongoing attempts to remain competitive in an increasingly crowded grocery landscape, Kroger is reportedly in talks with Ace Hardware about pursuing a potential partnership. That partnership would see Ace locations pop up within Krogers — mini-store style. Get the Full Story Complete the form...
The latest in a growing chorus of regulators all over the world, India’s finance minister has joined the list this week in decrying bitcoin trading (and other associated cryptocurrencies), claiming that it is, at base, the same as buying into a Ponzi Scheme. Get the...
“It was the best of times, it was the worst of times…” 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...
Many merchants watch what consumers do in the physical store and then reverse-engineer their omnichannel strategy using those learnings. In a conversation with PYMNTS, Finish Line’s SVP of brand and consumer experience, Mike Grimes, explains how the footwear and apparel retailer is using digital technology...
