News

Retail
Chapter 11 Watch: Aéropostale’s Savior, PacSun’s Win And A Dour Holiday Shopping Season
September 09, 2016

It was a long, windy and oftentimes bumpy road of bankruptcy that beleaguered teen retailer Aéropostale had to trod. 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...

The Lowdown On Walmart Pay From The Mouth Of An Exec
September 09, 2016

Walmart began to roll out Walmart Pay to all 4,600 of its stores in June, and now, about 20 million customers have the payment option available to them through the Walmart app. However, a senior executive at the retail giant said the company views the...

Pier 1 CEO Steps Down
September 09, 2016

After several quarters of slumping sales, Pier 1 announced that its long-time CEO will be stepping down. 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...

Payment Methods
BNY Mellon To Launch Payment Processing Enhancements
September 09, 2016

Two years ago, BNY Mellon began to transform its payment infrastructure with upgrades to its global payment capabilities, and more of that transformation will happen this fall as the company gears up to launch several new processing and reporting enhancements. Get the Full Story Complete the...

Payment Methods
New App Makes It Easier For People In Vancouver To Pay For Meals
September 09, 2016

Residents in Vancouver are getting a little more convenience in their lives thanks to a new app that lets them pay for their meals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
FTC Bans Payday Debt Relief Operation From Industry
September 09, 2016

A debt relief operation, which went by the names “Payday Support Center” and “Infinity Client Solutions,” has been banned by the Federal Trade Commission from the debt relief business under a settlement with the FTC. Get the Full Story Complete the form to unlock this...

International
Overdue Credit Card Payments In China On The Rise
September 09, 2016

Overdue credit card debt in China was up 4.9 percent in the second quarter, as measured sequentially, Reuters reported on Thursday (Sept. 8). The data came from the country’s central bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
Mastercard Facing Multibillion-Dollar Legal Claim Over Interchange Fees
September 09, 2016

Mastercard has seen U.K. consumers file a £14 billion legal claim against the company over anticompetitive card fees. 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...

Revel Systems, Shell Introduce New Cloud-Based Point-Of-Sale Platform
September 09, 2016

While some argue that the auto industry is peaking, the act of paying at the pump is about to change — digitally, that is. Currently, American households pumping gas rack up 42 million transactions per day. Possibly why Revel Systems and Shell Retail have paired...