Visa is reportedly the target of a Department of Justice (DOJ) probe into its tokenization practices. The DOJ’s interest in Visa is part of a long-running investigation, Bloomberg reported Wednesday (Aug. 16). Officials are looking into Visa’s policy of charging more to merchants who don’t use its tokenization system,...
New York’s financial regulator wants to regulate the companies that help set prescription drug costs. The New York Department of Financial Services (NYDFS) announced Wednesday (Aug. 16) that it had proposed regulations governing the conduct of pharmacy benefit managers (PBMs) operating in the state. ...
Target’s latest earnings results were notable for the general pullback in consumers’ spending on discretionary items and a continuing impact from retail theft. Elsewhere in the second-quarter 2023 results that were posted Wednesday (Aug. 16), there were notable positive data points, underscoring the appeal of omnichannel and same-day...
TJX, the parent company of popular off-price retailers like T.J.Maxx and Marshalls, recorded 6% overall comparable sales growth in the quarter ending on July 29. The company’s diverse product mix and increased customer traffic were key factors contributing to this growth, TJX CEO Ernie Herrman...
To play ball in today’s B2B landscape, firms need to home in on their advantage and build an ecosystem, or moat, around what is unique about them specifically. Sound familiar? For years, a similar approach has been the long pole in the tent of various...
At the end of the day, consumers love conveniences that can make their lives incrementally easier, whether it’s the control and speed of self-checkout or the cut-down cooking times of ready-made meals. The high rate of buy online, pickup in-store (BOPIS) use in the United...
Link Money and Alternative Airlines have joined forces to offer U.S. travelers a new and convenient way to pay for flights. This partnership aims to provide a seamless open banking payment experience, allowing customers to make payments directly from their bank accounts, the companies said in a Tuesday...
A massive data breach has shuttered Discord.io, an online messaging platform used by Discord members. “On the night of the 14th of August, Discord.io suffered a major data breach, resulting in content from our database being leaked to unknown actors,” said a message on the website Tuesday...
Small- to medium-sized enterprises (SMEs) help economies across the world go ’round. But despite their significant contributions to global commerce, local SMEs have long been underserved by traditional financial institutions when it comes to their own cross-border payments and international expansion goals. “Most of the companies in...
