The Federal Reserve’s Board of Governors said Monday (Oct, 3) that it was officially ending so-called network exclusivity and would instead require all debit card issuers to enable merchants to pick from at least two unaffiliated payment card networks. In a statement, the Fed noted...
Declining profits at iconic tool maker Stanley Black & Decker recently led to cost-cutting layoffs, with reports the firm is laying off 1,000 finance employees amid larger cuts. Stanley Black & Decker aims to shave $200 million from its costs by the end of the...
As restaurants look to improve the economics of delivery, many are beginning to eye automated solutions to reduce both the labor cost on their end and, in turn, the fees on consumers’ end. Charleys Philly Steaks, for one, a cheesesteak chain with more than 700...
Today in B2B payments, the African Export-Import Bank (Afreximbank) launches a payment service, Nipendo expands access to automated invoicing and WEX adds a digital wallet for B2B payments. Plus, PYMNTS research finds an opportunity for financial institutions to supply capital, cash flow assistance and payment...
Deliveroo is opening its first brick-and-mortar grocery store as the rapid delivery service attempts to expand its offerings. “The grocery store offers customers a new way to shop, with customers able to shop in-store by ordering through digital kiosks; ordering via the Deliveroo app for...
As many brick-and-mortar grocers, noting the rise of eGrocery, look to boost their digital offerings, British food delivery company Deliveroo is going the other direction. The aggregator is opening a physical grocery store in Central London in partnership with Morrisons, the U.K.’s fourth-largest grocer, the...
Digital commerce agency Echidna announced Monday (Oct. 3) that the B2B eCommerce and customer self-service website it built for lighting solutions manufacturer Halco Lighting Technologies has launched. The site delivers streamlined eCommerce operations, enriched data and deep integration with Halco’s Epicor Eclipse enterprise resource planning...
Global digital asset infrastructure firms Stablecorp and Shift Markets are collaborating to establish a cross-border payments and foreign exchange (FX) rail that uses the Algorand blockchain and allows assets to flow between Canada and the United States. With this rail, cross-border transactions between the two...
The so-called “Christmas Creep,” where holiday shopping and sales events start earlier and earlier each year, has become so entrenched in retail circles that it even has its own Wikipedia page that dates the trend back to the mid 1980’s. Today, the notion of “Black Friday”...
