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The Restaurant Group To Slash 125 UK Locations

PYMNTS

What The Restaurant Group wants to do is lower its rent in 85 locations to keep them operating. There is one shining light in the company’s operations: the pan-Asian brand Wagamama, which has performed well since the Restaurant Group bought it in 2018. All told, the group could be left with 160 locations.

Groups 131
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Portugal's SIBS Takes Payments Platform International

PYMNTS

The Instant Payments Solution platform from SIBS, launched in 2018 to ensure instant payments processing at a national level, is now also providing these operations between European financial institutions. In the U.S.,

Payments 167
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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

AvidXchange processed more than $120 billion of invoices and payments across its network of more than 500,000 suppliers in 2018, transforming the way 5,500 customers in North America pay their bills, according to its website. percent through 2028, according to Boston Consulting Group. The company announced on Thursday (Dec.

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Indochino Eyes Expansion In 2019

PYMNTS

Vancouver-based Indochino, which currently operates 38 showrooms , said six locations will open this year in the Northeast, including Brooklyn, N.Y.; as well as a second Boston location and a fourth in the Greater Toronto Area, according to Chain Store Age. Greenwich, Conn.; Manhasset, N.Y.; and Paramus, N.J.;

San Diego 122
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Fed Becomes Founding Sponsor Of Faster Payments Council

PYMNTS

As a result, the FPC was created in 2018. Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston and a FedNow program executive, said that as a founding sponsor of the FPC, the Fed will be a diligent participant in furthering the council’s priorities.

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Why Pride Vendors Are Forgoing Cash For mPOS

PYMNTS

Skirting Cash Shortages at Boston Pride. Boston’s pride celebration is one of the season’s biggest events for Mandy Roberge, the owner and artist behind Wicked Good Henna. The 2018 Boston Pride parade reportedly saw more than 750,000 spectators and over 55,000 marchers.

San Diego 137
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Starbucks Hits 16.3M Mobile Users, Eyes Expanded Delivery

PYMNTS

Investors were eager to see if the brand’s efforts to streamline its special offerings, and efforts for holiday 2018, had brewed up a merrier picture. As of the end of 2018, 12 percent of Starbucks’ total sales came in through its mobile ordering features, according to the latest edition of the PYMNTS Mobile Order-Ahead Tracker.

Mobile 162