Retail, financial trade groups beg for coins

Payments Dive

That led a group of trade organizations to complain to the Treasury Department this week, and to ask for help in making consumers aware of the coin crisis A U.S. coin shortage subsided for a bit early last year, but the problem is back.

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It’s Back to the Future for Payments

Accenture

Digital adoption has exploded across all age groups. This blog is based on my keynote presentation at the 2021 Payments Canada SUMMIT Payments leaders probably feel like they are living in the future right now. The pandemic changed the industry forever.

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Consumer group US PIRG seeks BNPL crackdown

Payments Dive

A report this month from the organization outlines a litany of complaints about buy now-pay later, such as hidden fees, and suggests the industry is trying to evade consumer protection laws

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Blaming cards for high gas prices doesn't make sense, trade group argues

Payments Dive

The leader of the Electronic Payments Coalition tells people looking to blame credit and debit card companies for higher gas prices to find a different scapegoat

Groups 302

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Uber Eats Introduces Group Ordering

PYMNTS

Uber has introduced a group ordering option, the company said in a blog post. . Whether you’re at the office, going to a friend’s place or hosting at home, coordinating group meals can be challenging — especially when you and your guests are hungry and the clock is ticking,” the company said.

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Checkout startup Bolt sued by fashion brand group

Payments Dive

Checkout startup Bolt Financial is being sued by Authentic Brands Group, which owns the rights to a pack of brands from Forever 21 to Nautica to Spyder.

Authentic Brands Could Buy Arcadia Group And Debenhams

PYMNTS

Authentic Brands is said to be in talks with Debenhams and Arcadia Group administrators, with unnamed sources claiming that the retail company is mulling a bid for the Sir Philip Green retail empire and the retailer, Retail Gazette reported.

China's Retail Investors Order Over $2.8T Of Ant Group Stock

PYMNTS

Ant Group indicated on Thursday (Oct. Individual investors in Hong Kong have rushed to purchase into the initial public offering (IPO), as they wager that Ant Group will spike in value following its public debut on Thursday (Nov. 29) that retail investors in mainland China made over $2.8

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Ant Group Reels In Small Investors As IPO Nears

PYMNTS

FinTech company Ant Group continues to press toward having the biggest initial public offering (IPO) ever, with returns at an estimated $35 billion. Ant Group is the online payment affiliate of China-based Alibaba Group Holding.

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What Will Ant Group Look Like A Year From Now?

PYMNTS

What’s next for Ant Group – and by extension, Jack Ma? . As reported earlier this month , the Shanghai Stock Exchange delayed Ant Group’s record initial public offering (IPO). In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. .

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Ascena Retail Group Considers Bankruptcy Filing

PYMNTS

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Retail Ann Taylor Ascena Retail Group bankruptcy Catherine’s Lane Bryant News What's Hot

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CBDC poses threat to banks, trade groups tell Fed

Payments Dive

A U.S. digital dollar would take $720 billion in deposits out of banks even if the central bank were to cap accounts at $5,000 per "end user," the American Bankers Association wrote in a letter

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First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19 th biggest U.S. Partnerships / Acquisitions acquisitions banking CIT Group First Citizens M&A mergers News partnerships What's HotAn approximate $2.2

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Western Union Teams With Isabel Group To Offer Payments In Belgium

PYMNTS

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release.

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Jack Ma Tells Chinese Regulators Ant Group Not A Bank

PYMNTS

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. IPO Ant Group Digital Banking Innovation international Investment IPOs jack ma News What's Hot

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Report: Jack Ma Offered Part Of Ant Group To Chinese Government To Smooth Over IPO Fiasco

PYMNTS

An Ant Group spokesman refused to discuss the substance of the meeting involving Ma and regulators, WSJ reported. WSJ reported that the dispute between Ma and government officials was the cause for the cancellation of Ant Group's planned initial public offering (IPO) earlier this year.

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Foreign Investors Stand To Gain $8B With Ant Group’s IPO

PYMNTS

Ant Group’s pending IPO could spell a multibillion-dollar payday for a small and elite group of foreign investors, who bought a stake in the giant Chinese FinTech two years ago, The Wall Street Journal reports. IPO Ant Group international Investments ipo News What's Hot

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Many Restaurant Groups Waiting For Vaccine Before Reopening Dining Rooms

PYMNTS

Union Square Hospitality Group founder and CEO Danny Meyer said he doesn’t see reopening the dining rooms of his 19 restaurants located across New York City until after there is a vaccine for the coronavirus.

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Ant Group Debuts Virtual Bank In Hong Kong Weeks After Filing IPO

PYMNTS

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The launch comes a few weeks after Ant Group filed its initial public offering (IPO), which could be the biggest listing in the country’s history.

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Ant Group Launches Copyright Services Platform

PYMNTS

If so, Chinese FinTech Ant Group has a deal for you. As Ant Group is on the verge of launching a blockbuster, $35 billion IPO , its blockchain business, AntChain, has unveiled a new platform designed to help those on the creative side of the aisle protect their work from poachers.

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Postmates Rolls Out Group Ordering

PYMNTS

Postmates is joining DoorDash and Caviar in offering its customers the option to place group orders. Group Orders allow you to share orders with friends so they can add items into your shared basket,” the company explained. Name your group, set a spend limit for your guests, and share it out.”. DoorDash has been offering group orders on its site since 2015 and on its app since 2017, while Caviar (now owned by DoorDash) offers group orders on a desktop web browser.

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55-Plus Group Lends Optimism To Travel Operators

PYMNTS

British travelers age 55 and older buoyed by confidence in newly approved COVID-19 vaccinations are driving a powerful surge in trip bookings, the Financial Times reports. The paper cited positive data from a large swath of UK tour operators.

Eurozone banks form payments group to take on Visa, Mastercard

Payments Dive

A group of Eurozone banks are coming together to provide some competition in the payments space against Visa and Mastercard

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Coupa Acquires BELLIN Group To Boost Treasury Services

PYMNTS

Coupa Software , which works in business spend management, announced that it has acquired treasury management software BELLIN Group , according to a press release. B2B Payments Acquiring Acquisition B2B BELLIN Group Coupa software News spend management treasury management What's Hot In B2B

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Alibaba’s Ant Group Produces Preparatory Regulatory Filing For Intended IPO

PYMNTS

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Hangzhou, China-based Ant Group was rolled out in 2014 to offer international financial services.

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Ant Group Curbs Credit Limits Of Some Users Of Virtual Credit Cards

PYMNTS

In the wake of the collapse of its initial public offering of stock (IPO), China’s Ant Group is scaling back the borrowing limits for some of the young users of Huabei. Ant Group is best known for its wildly popular payment and loans app Alipay , which has both online and mobile platforms.

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Ant Group Moves Ahead With $35B IPO After China's OK

PYMNTS

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. The Ant Group listing would be the first to be on both the new STAR Market in Shanghai and in Hong Kong.

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Astralis Group Bets On eSports Digital 3.0 Transformation

PYMNTS

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.

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Chinese Conglomerate Fosun Group Bets Big on Blockchain

Bank Innovation

A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technologybillion, is China’s largest private investment conglomerate, has confirmed that it has invested “tens of millions of yuan,” or multi-millions of US dollars, into a Shanghai-based startup responsible for a local blockchain technology platform.

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Ant Group Overhauling Operations To Satisfy Chinese Regulators 

PYMNTS

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Regulation Ant Group china international jack ma News regulations What's Hot

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Chinese Government Asks Ant Group To Share Consumer Data

PYMNTS

Chinese regulators want billionaire Jack Ma to share consumer-credit data collected from his financial technology company Ant Group , which he's largely resisted doing for years, The Wall Street Journal (WSJ) reports.

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Benetton Group Teams With Retail Intelligence Firm EDITED

PYMNTS

Benetton Group , an Italian fashion company, is teaming once more with retail market intelligence firm EDITED as an "essential platform" for its future three-year roadmap, according to a Wednesday (Dec.

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TCC Group Bids For Tesco’s Asia Stores

PYMNTS

His TCC Group has put in a bid for the Tesco’s assets, with funding already in place in the event that the bid is successful, The Wall Street Journal reported, citing unnamed sources. The British group has 74 locations in Malaysia, where it has operated since 2006.

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G-III Apparel Group Reports 26.7 Pct Drop In Net Sales

PYMNTS

G-III Apparel Group , whose owned brands include DKNY and G.H. G-III Apparel Group reported net income of $1.29 Retail Earnings G-III Apparel Group News What's HotBass, among others, reported Tuesday (Dec. 8) that net sales plunged 26.7 percent as its Wilsons Leather and G.H.

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