PYMNTS

FEBRUARY 1, 2021

Mall owner Simon Property Group has formed a “blank check” company to go on the hunt for “a company or assets with significant growth potential and prospects.” The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales.

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Groups Company Indianapolis Exercises 139

Bank Innovation

OCTOBER 31, 2017

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. The announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300.

Bitcoin 255

Bitcoin Groups Regulation Operations 255

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. China TransInfo Technology Corp.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

JANUARY 13, 2021

Berlin-based Auto1 Group said on Wednesday (Jan. In July, Auto1 raised $300 million in funding in a round led by Farallon Capital Management and the Baupost Group. Existing shareholders, including SoftBank Group , also took part. 13) that it plans to go public in the first quarter of this year. billion) from the stock sales.

Online 131

Online Groups Branding Marketing 131

PYMNTS

FEBRUARY 14, 2020

CIT Group Inc. As digitally-enabled sales continue to grow, businesses and their customers expect the same technology experience and service that they are accustomed to in other aspects of their life,” said Denise Menelly, CIT’s executive vice president and head of Technology and Operations. “As

Lending 151

Lending Groups Online Technology 151

PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. There is one sticking point online casinos need to fix, however, and that is the speed at which consumers receive their winnings.

Online 222

Online Taxes United States Industry 222

PYMNTS

AUGUST 10, 2020

IAC , the New York-based global media and internet giant, is betting that an investment of $1 billion in MGM Resorts International will pay off in online gambling, according to a press release. With the separation of Match Group … and new IAC emerging with $3.9

Online 146

Online New York Groups Report 146

PYMNTS

JULY 6, 2020

According to analysts with Bank of America, even as the market begins to recover and people go out more often, the tendency to buy more online might stick, Bloomberg reported. UBS Group’s analysts were led by Gustavo Piras Oliveira, Bloomberg reported.

Online 150

Online America Groups Analysis 150

PYMNTS

JUNE 17, 2020

As the chief operating officer and co-founder of Copenhagen-based Astralis Group , Jakob Lund Kristensen walks both sides of the eSports line. Astralis is a group of eSports teams that is pioneering the approach to the eSports industry by treating its gamers like athletes.

Groups 204

Groups Mobile Video US 204

PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. At issue is the eCommerce retailer’s parallel responsibility to third-party merchants as an online shopping ecosystem and to itself as a competitor on the platform with rival products. Amazon Encounters EU Charges Over Seller Data. 10) statement from the European Commission.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

AUGUST 5, 2019

moneycorp, has acquired an Australian independent treasury advisory company called the Rochford Group for an undisclosed sum, according to reports. This is moneycorp’s second major acquisition this year after it picked up the Brazilian online marketplace Novo Mundo. A payments service provider based in the U.K.,

Groups 108

Groups Payments Risk Management Capital 108

PYMNTS

MARCH 3, 2020

With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. million items from over 1,500 online shopping partners. The core iPrice unit ran at a 30 percent EBITDA margin and comprised about half of its revenue. It now purports to bring together over 1.5

Groups 130

Groups Comparison Online Community 130

PYMNTS

JANUARY 28, 2021

Neiman Marcus Group (NMG) is making investments in its supply chain, technology, merchandising and personnel, which it says will transform the shopper experience at Bergdorf Goodman and Neiman Marcus, according to an announcement. NMG is investing $85 million gross in its supply chain, particularly systems and fulfillment hubs.

Groups 141

Groups Branding System Retail 141

PYMNTS

JULY 16, 2020

The gloves are off in the retail landlord leasing battle, with Simon Property Group now suing mall tenants who aren’t paying their rent. Last month, Simon Property Group filed a similar lawsuit against Brooks Brothers seeking $8.7 Stern likes what Ingka Group, operator of IKEA stores, is doing.

Groups 151

Groups Retail Comparison Survey 151

PYMNTS

JUNE 27, 2019

Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances. We are excited to have Prime Ventures on board.

Groups 151

Groups Fintech Branding Resources 151

PYMNTS

MAY 9, 2019

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint venture (JV) consisting of Tencent, ICBC and Hillhouse Capital. Insight Fintech is a JV with Xiaomi and investment bank AMTD Group. Xiaomi has a 90 percent stake.

Online 171

Online Capital Regulation Fintech 171

PYMNTS

JUNE 10, 2020

Consumers are now getting everything online and that’s going to shape their behavior for good. online or offline, safely or not). Although he was extremely concerned about business volume at the beginning of the crisis, Russell says Shift’s online sales rate has doubled since the COVID-19 crisis started.

Online 130

Online Retail Examples Innovation 130

PYMNTS

JANUARY 20, 2020

Future Group , the Indian conglomerate headquartered in Mumbai, is downsizing its eCommerce division Retail 3.0 The layoffs affected sales, product development, marketing and ground operations and took place over the last few months, two sources said. “The percent stake in Future Group valued at ?2,500 Amazon also acquired a 9.5

Groups 101

Groups Retail Digital Strategies Analysis 101

PYMNTS

SEPTEMBER 14, 2020

New Chinese finance rules will force Ant Group to comply with regulations to back up any payments, lending or other finances with substantial capital, according to a report from The Wall Street Journal (WSJ). 1, and will have to apply for a license to do so. trillion) in the year leading up to June 2020, according to WSJ.

Groups 161

Groups Company Regulation Lending 161

PYMNTS

NOVEMBER 28, 2018

According to a report in The Hacker News , the fake clicks were used to trick online advertisers for years and make tens of millions of dollars as a result. According to the report, 3ve (pronounced “Eve”), which is what the group called its online ad fraud campaign, was active since 2014 but could have been around for longer.

Google 128

Google Fraud Online Operations 128

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). But this has not been true for online transactions. Vendorcom wants answers.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

MAY 14, 2020

Every online wine company that reports sales has noted big spikes during the pandemic. The latest to report, Wine.com – which bills itself as the nation’s leading online wine retailer – earned $165 million in revenue and saw 25 percent growth for fiscal 2020, ending March 31. out of 10 on “likelihood to recommend.”.

Online 164

Online Retail Millennials Analytics 164

PYMNTS

JANUARY 14, 2020

From that gap sprung forth a group of alternatives for underwriting access, which varied widely in terms of structure, funding sources and target demographics. On that score, online lenders have been successful, according to a just-released study from the Cleveland Federal Reserve.

Online 131

Online Cleveland Lending Study 131

PYMNTS

MAY 6, 2020

Cineworld operates 787 theaters in 10 countries. Richards said safety would be assured for patrons because they are operating at 20 percent of capacity, the number of people coming through could be controlled by staggering screening times and requiring online ticketing before arrival.

Operations 131

Operations Washington Survey Regulation 131

Perficient

JULY 29, 2020

Come join us for an exclusive virtual event for healthcare providers, featuring top industry experts from Salesforce, Perficient and The Chartis Group, on Tuesday, August 11. Keys to improving clinical operating models and closing gaps in care. Tom Kiesau, Digital Practice Director at The Chartis Group. Tuesday, August 11.

Groups 537

Groups How To US System 537

PYMNTS

MAY 7, 2020

Many are instead flocking to online gambling sites after the closure of all 989 commercial and tribal casino properties in the U.S. However, it can take a long time for online players to collect funds, unlike at casinos, where consumers can instantly collect winnings in cash. The ways gambling winnings can be paid out in the U.S.

Online 142

Online New Jersey Pennsylvania Regulation 142

PYMNTS

JANUARY 14, 2020

From that gap sprung forth a group of alternatives for underwriting access, which varied widely in terms of structure, funding sources and target demographics. On that score, online lenders have been successful, according to a just-released study from the Cleveland Federal Reserve.

Online 132

Online Cleveland Lending Study 132

Bank Innovation

JULY 11, 2018

Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access.

Groups 225

Groups Millennials Digital Banking Operations 225

PYMNTS

DECEMBER 14, 2020

has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. It is expected that the business will keep operating as a stand-alone brand. Authentic Brands Could Buy Arcadia Group And Debenhams.

Branding 131

Branding Groups Retail New York 131

PYMNTS

SEPTEMBER 9, 2019

JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. Central Group is owned by the Chirativat family.

Groups 125

Groups Google Lending Online 125

PYMNTS

DECEMBER 12, 2018

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. Global fraud related to online dating scams costs “several billion dollars a year,” Hochrieser said, “and it’s growing every year.”. Online Dating Scope.

Online 159

Online Fraud System Operations 159

PYMNTS

DECEMBER 11, 2020

Consumers were flocking to digital and mobile banking well before the pandemic’s onset, but social distancing and limited branch operations highly accelerated that uptake. It goes to consistency of process,” he said in a PYMNTS interview.

Groups 169

Groups Mobile Tools Branding 169

PYMNTS

JANUARY 10, 2020

58 Home is reportedly one of the country’s leaders in enabling consumers to find services online ranging from house cleaning to flower delivery. It is competing for market share against rivals that have more resources, including some businesses operated by Alibaba Group Holding Ltd. The company is owned by 58.com

Online 130

Online United States New York Resources 130

PYMNTS

MAY 1, 2018

Things are looking somewhat better for Simon Property Group than segment watchers were expecting, as revenues clocked in at $1.4 The group, which owns much of the nation’s mall real estate, reported occupancy rates stood at 94.6 CBL (another mall operator) warned last week that Q2 would be a particularly weak point in a weak year.

Operations 100

Operations Retail Groups Conference 100

PYMNTS

OCTOBER 2, 2019

It’s not exactly high time for legal online gambling yet – that comes in early 2020, with the Super Bowl and then the NCAA college basketball tournament – but the betting season is certainly heating up on more ways than one. And that new fuel comes as the legal online and mobile gambling industry in the U.S. has added to that pressure.

Online 134

Online Houston New Jersey Innovation 134

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

PYMNTS

MAY 8, 2017

The UK’s top retailers are facing tough competition online from U.S.-based apparel retailer Next and grocery chain operator J Sainsbury (Sainsbury’s) from the top 10 list. In response to the competition, M&S announced it would begin testing a full-fledged online grocery shopping service this fall.

Retail 116

Retail Online US Apple 116