H&M may become the latest merchant to begin charging a fee when customers return items they’ve purchased online. The fashion retailer is going to test this initiative, H&M CEO Helena Helmersson said Thursday (Sept. 29) during a conference call. “We are about to test return...
United Kingdom-based Burberry is reportedly facing the challenges of being a luxury brand whose image is not as upmarket as some of its rivals as well as being an independent brand at a time when many others are part of conglomerates. As a result, its...
“We face a new degree of complexity,” Nike CFO Matthew Friend told analysts Thursday, in the wake of the athletic shoe, apparel and equipment maker’s fiscal first quarter earnings results. But for an iconic brand whose stock has now been cut in half in just...
Cross-border payments have traditionally been complex, process-heavy affairs. Olann Kerrison, vice president of foreign exchange (FX) and global payments at American Express, told PYMNTS in an interview that there’s a real need for B2B cross-border payments innovation, especially for the small- to medium-sized businesses (SMBs)...
While the volatility and complexity surrounding cryptocurrency has caused given many investors second thoughts or cold feet, it’s this very reason that some financial industry observers say it precisely the time for institutions to stay in and up to date as a service to confused...
U.S. FinTech Synapse, which provides U.S. checking accounts to abroad clients, is close to 1 million Brazilian accounts and will be looking to expand to other countries in Latin America and India. Synapse lets clients open accounts through Synapse partners in home countries. The company...
Amazon Business’ “2022 State of Business Procurement Report” shows that companies are on board with digital procurement and gives suppliers reason to breathe easy. According to the report, most businesses aren’t planning procurement budget cuts. We unpacked some key findings from Amazon’s survey of procurement professionals...
Payments platform Hopscotch, which works with freelancers and smaller businesses, has announced an expansion including a tool letting users finance invoices in two clicks, a press release said. The company will also offer a tool for businesses to unlock revenue from unpaid invoices and get...
The Consumer Finance Protection Bureau (CFPB) has sued online lender MoneyLion, along with 38 of its subsidiaries, over allegedly imposing illegal charges for service members and dependents, a report from ConsumerFinance.gov said. According to the CFPB, MoneyLion violated the Military Lending Act by charging more...
