Kohl’s President and Chief Operating Officer Dave Alves has left the company, after about seven months in those roles. “On November 17, 2023, Kohl’s Corporation (the “Company”) announced that Dave Alves, the Company’s President and Chief Operating Officer, will be departing the company effective November 17, 2023,” the...
American Express cash-back cardholders can now spend their Reward Dollars on Amazon. With eligible cards, they can do so while getting the same value for their Reward Dollars as a statement credit, American Express said in an announcement emailed to PYMNTS. One Reward Dollar equals $1...
What do businesses want for the holidays? It’s simple: to get paid faster. B2B payments are the global economy’s transactional workhorse, accounting for tens of trillions of dollars. But traditionally, B2B payments have been characterized by a much slower payment cycle compared to their B2C...
Spanish FinTech company Fence has reportedly raised 1.8 million euros (about $2 million) in its pre-seed financing round. The firm will use the new funding to grow its software that automates and optimizes debt operations for asset financing, EU-Startups reported Monday (Nov. 20). Fence did...
False declines are a significant yet often overlooked issue that impacts both businesses and consumers. Picture this: You attempt to make a purchase, only to face rejection, not because of insufficient funds or fraudulent activity, but due to a false decline. These instances, where legitimate...
Jewelry brand Pandora has partnered with o9 Solutions, a provider of enterprise artificial intelligence (AI) software platforms, to enhance its integrated planning capabilities. With a focus on digital transformation, Pandora has selected o9’s AI-powered Digital Brain platform to revolutionize its planning and merchandising processes, the...
For eCommerce platforms — with Amazon and PayPal among the most visible examples — checkout is evolving as part of the glue that holds ecosystems together. For these two firms, the opportunity lies in easing friction as consumers check out, but also in realizing new...
The Consumer Financial Protection Bureau (CFPB) ordered Toyota Motor Credit to pay a $60 million fine for engaging in illegal lending practices and credit reporting misconduct. The auto-financing arm of Toyota Motor Corporation prevented borrowers from canceling product bundles that increased their monthly car loan...
Citigroup has begun the next phase of its previously announced organizational changes. “Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citi’s organizational structure with our new, simplified operating model,” the...
