News

Retail
A New Take On Experiential Retail From A (Very) Experienced Player
November 15, 2017

Experiential retail is everyone’s favorite buzzword of late, but American Girl mastered this concept a long time ago. About twenty years earlier, in Chicago, Illinois, the first American Girl Place flagship store opened. Followed in short order by locations in New York and Los Angeles, the Mattel-owned...

Retail
Poshmark Raises $87.5M For Big Global Expansion
November 15, 2017

Poshmark — one of the internet’s better-known marketplaces for the purchase, sale and sharing of clothing — has snapped up $87.5 million in Series D funding, according to Wednesday (Nov. 14) reports by Forbes. The investment round was led by Singapore-based investment company Temasak, with additional participation from...

Faster Payments
Faster Payments And The Fed, Two Years On
November 15, 2017

The year 2020 looms large in the payments realm, marked off by the Federal Reserve as the year faster payments are to be truly commonplace, available to U.S. consumers and to businesses, standard practice across transactions of all sizes. Get the Full Story Complete the...

B2B Payments
Nvoicepay Integrates Into Viewpoint’s Construction Software
November 15, 2017

The latest research in B2B payment practices within the construction sector isn’t good: Two-thirds of small- and medium-sized businesses (SMBs) surveyed by the U.K. Federation of Master Builders (FMB) said they aren’t paid within the typical 30-day invoice payment period, and it’s complicating cash flow management...

B2B Payments
Tech Giants Make Their Blockchain Bets For 2018
November 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. What it doesn’t hear, though, is that most of those initiatives will go defunct only a few months after launching. Just last week, Deloitte found that...

B2B Payments
The Dizzying Data Challenges Of Hybrid Cloud Adoption
November 15, 2017

The traditional financial services market is notorious for being slow to adopt new technologies, and sluggish upgrades to internal IT systems are a trend very much included in that reputation. But as the industry evolves, and as market pressure from innovative FinTechs weighs down, financial...

B2B Payments
Only 12 Percent Of SMBs Have Used Alternative Finance, Survey Finds
November 15, 2017

A new survey from alternative lender Reliant Funding found only 12 percent of surveyed small businesses (SMBs) have actually used alternative finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Chrome River Brings Invoice Approvals To The Smartphone
November 15, 2017

Corporate expense management firm Chrome River is enhancing its invoice B2B payment capabilities, the company said Tuesday (Nov. 14). 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...

Security & Fraud
Forever 21 Stores Hacked
November 15, 2017

Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. 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...