News

Walmart Officially Sorry It Can’t Tell Massachusetts From Maryland
April 06, 2016

In Walmart’s defense, it was specifically selling the promotion of the University of Maryland’s mascot, not the school itself … where one could presumably learn the basics of U.S. geography. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
How To Fight Counterfeit Clothes With Computer Chips
April 06, 2016

The counterfeit luxury good is such a common part of consumer culture that for most it exists as a part of the background noise. As long as there are Rolexes, designer handbags and logos that mystically imbue goods with hundreds or even thousands of dollars...

B2B Payments
Why Banks Should Go Easy On The Blockchain
April 06, 2016

When somebody likes hot sauce, they really like hot sauce. It’s known as the condiment that peps up anything, from eggs to pizza to burritos. As the PG version of the Frank’s RedHot slogan goes, you can put that stuff on everything. Get the Full...

More Banks Join SWIFT’s Global B2B Payments Pilot
April 06, 2016

Payments messaging firm SWIFT is looking to gain support for its global payments initiative and, most recently, announced the latest backers of the pilot program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Remembering Government Procurement Pioneer Bob Welch
April 06, 2016

His name may not be a household one, but in the government procurement space, he’s known as the “procurement innovator.” Bob Welch passed away on March 31, reports announced on Monday (April 4), after four months on a ventilator. Get the Full Story Complete the form to...

Saxo Taps Treasurers’ Demand For FX Risk Watch
April 06, 2016

When B2B payments firm Saxo Payments released a new whitepaper outlining the troubles of cross-border payments for corporates, the company was gearing up for its latest release: a real-time foreign exchange trading platform, integrated into its Banking Circle portal. Get the Full Story Complete the...

Mobile Commerce
How Current Wants To Make Pay Via Slack A Reality
April 06, 2016

There is an ancient piece of wisdom that dictates one should either go big or go home, and according to recent reports, Stuart Sopp has no intention of going home. Instead, he is looking for the firm he founded — Current — to become the first...

Investments
Investments Freeze-Up And Tiger Moms Take The Stage
April 06, 2016

While there are many wonderful things to be said for parenting, there is one inarguable downside to bringing new life into the world: it is very, very expensive. From birth to age 18 the average cost of raising a child is estimated to be around...

Security & Fraud
Ex-State Street Execs Charged In Defrauding Scheme
April 06, 2016

The Justice Department said on Tuesday (April 5) that two executives of State Street, a Boston financial services firm — among the largest asset managers globally, as well as being one of the largest custody banks — were charged in a scheme to “defraud at least...