PYMNTS

SEPTEMBER 21, 2020

Ant Group , the online payment provider for China-based Alibaba Group Holding Ltd., is seeking a record return of at least $35 billion as it goes public in the Hong Kong and Shanghai markets, sources told Bloomberg News. Ant Group declined to comment in an emailed statement. It contributed $433.7

Groups 141

Groups Capital Regulation Operations 141

PYMNTS

JANUARY 8, 2020

The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan. The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there.

Operations 187

Operations social media Cards Apple 187

PYMNTS

JUNE 8, 2020

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.

Groups 179

Groups Retail Dallas United States 179

PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. 3), one day after Beijing debuted a set of regulations that would have forced Ant Group to re-do its business model.

Groups 189

Groups Regulation Lending Financial Technology 189

PYMNTS

JUNE 10, 2020

based The Restaurant Group , which serves up casual dining, reportedly plans to close 125 locations. According to the Financial Times , The Restaurant Group will use a “company voluntary arrangement” — which allows businesses to renegotiate debts with creditors. All told, the group could be left with 160 locations.

Groups 131

Groups Massachusetts Boston Operations 131

PYMNTS

OCTOBER 12, 2020

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. Ant Group gets most of its revenue from consumer loans made on the Alipay payments app.

Groups 205

Groups Operations Online Fintech 205

PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . The news service reports that the world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, according to sources.

Groups 175

Groups Report Capital Regulation 175

PYMNTS

SEPTEMBER 17, 2020

To enable customers to shop from the complete selection of multiple mall offerings and retrieve their purchases from one place, European mall operator Citycon is creating a buy-online-pick-up-in-store (BOPIS) service. Citycon runs 40 shopping centers throughout Estonia and the Nordic nations, Bloomberg reported.

Operations 159

Operations Philadelphia United States Online 159

PYMNTS

AUGUST 28, 2020

Bloomberg News reported that Transport for London (TfL) will stay neutral and let the court decide whether Uber can operate in its biggest European market. Citing that Uber was unfit to hold a license, TfL suspended the company’s operations last November. The App Drivers and Couriers Union (ADCU), a U.K.-based

Operations 154

Operations Regulation Groups Data 154

PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. The news comes as Venezuela has reportedly obstructed two significant virtual private networks (VPNs) in recent times. 9) announcement.

Groups 151

Groups Bitcoin blockchain cryptocurrency 151

PYMNTS

MARCH 9, 2020

billion, Tesco has struck a deal to sell its Malaysia and Thailand assets to entities of CP Group. South Korea and Japan, and also relinquished some control of its Chinese operations as of 2011. It is currently engaged in a price war with discount grocers and eCommerce rivals, such as Ocado Group PLC and Amazon.com Inc.

Groups 130

Groups Taxes Resources Operations 130

PYMNTS

OCTOBER 22, 2020

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. Ant, the FinTech backed by China's Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai in the next few weeks, according to sources quoted by Reuters.

Groups 175

Groups Capital Regulation Fintech 175

PYMNTS

FEBRUARY 1, 2021

Add Simon Property Group to the list – the real estate investment trust formed a blank check firm known as Simon Property Group Acquisition in an IPO slated to raise up to $300 million. Funds that have expertise in both companies operating in Asia and how U.S. capital markets work hold a significant advantage.”

Groups 248

Groups Florida Retail Capital 248

PYMNTS

OCTOBER 16, 2020

billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19 th biggest U.S. The merged firm will be headquartered in Raleigh, North Carolina and will operate under the First Citizens name and NASDAQ ticker symbol FCNCA. An approximate $2.2

Groups 220

Groups South Carolina North Carolina Raleigh 220

PYMNTS

JUNE 1, 2020

The National Coalition of Associations of 7-Eleven Franchisees (NCASEF) said store operators who took in federal Paycheck Protection Program (PPP) loans could potentially have to pay back a “material portion” of the funds. The NCASEF is a trade association for 7-Eleven franchise operators in the U.S., The group says the 7-Eleven Inc.

Operations 131

Operations National Groups Examples 131

PYMNTS

JANUARY 8, 2020

The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan. The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there.

Operations 134

Operations social media Cards Apple 134

PYMNTS

NOVEMBER 9, 2020

News on Monday (Nov. For instance, shares of Brinker International, which operates or franchises about 1,600 Chili’s Grill and Bar locations and other eateries, were up 15 percent as of midday Monday. Grubhub, which has delivery arrangements with over 300,000 restaurants, fell 10 percent on the news. percent at midday.

Kentucky 253

Kentucky Survey New Jersey Dallas 253

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 company added, in a press release , that it has filed for an initial public offering (IPO) with the goal of raising $300 million for the new entity.

Groups 139

Groups Company Indianapolis Exercises 139

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. On Tuesday (Jan.

Groups 141

Groups Regulation Lending Operations 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 15, 2020

The restaurant trade group, in a news release, said that sales rose some in May as opposed to the height of the pandemic in April, but many restaurants still aren’t turning a profit and some are considering leaving the business.

Industry 142

Industry Groups National Survey 142

PYMNTS

MARCH 3, 2020

With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. The round also came with participation from Daiwa PI Partners as well as returning investors Asia Growth Fund, Mirae Asset-Naver, and Line Ventures, according to reports. It now purports to bring together over 1.5

Groups 130

Groups Comparison Online Community 130

PYMNTS

JANUARY 8, 2021

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. One thing is customer service, but the other is liquidity management or cash flow forecasting, and that's new to a lot of organizations.”.

Operations 349

Operations Payments Industry Management 349

PYMNTS

JANUARY 11, 2021

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 Other investors include Blackrock Institutional Trust and Vanguard Group. 11) press release. . Cardtronics’ biggest backer — Hudson Executive — owns a 19.44

ATM 172

ATM Operations Houston Georgia 172

PYMNTS

SEPTEMBER 17, 2020

In today’s top news in payments around the world, Delivery Hero said it has acquired Glovo’s Latin America operations, and Telefónica is teaming with Rakuten for the development of an OpenRAN (radio access network). Plus, Flipkart Group is reportedly getting ready to go public as early as next year.

Operations 154

Operations Payments United States Groups 154

PYMNTS

MAY 6, 2020

Tim Richards, CEO of Vue International, a London-based chain with 228 cinemas in 10 countries, told the news service he is highly confident its screens would be open on July 17 for the premiere of “Tenet.”. Cineworld operates 787 theaters in 10 countries.

Operations 131

Operations Washington Survey Regulation 131

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. The filings also indicated that interest income would be spread across operating segments. Last month, it named Jonathan Penkin as head of the local business.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

DECEMBER 14, 2020

In today’s top retail news, Bed Bath & Beyond Inc. 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.

Branding 131

Branding Groups Retail New York 131

PYMNTS

AUGUST 18, 2020

The platform said that “suspicious activity” that its Sentry workforce found and examined in conjunction with Ukraine’s Cyber Police brought about the identification and detention of a purported cybercriminal group behind alleged ransomware activities and laundering of over $42 million in digital currencies during the past two years. “We

blockchain 142

blockchain Operations Bitcoin cryptocurrency 142

PYMNTS

OCTOBER 30, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. PYMNTS explores how cloud infrastructure and automated systems have improved Western Union’s operating efficiencies. Ant Group took its listing to the Shanghai Star Market and the Hong Kong Stock exchange.

Technology 161

Technology Apple Payments Capital 161

PYMNTS

JUNE 8, 2018

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. The group, which is estimated to take in $1.5

Operations 100

Operations Company California Branding 100

PYMNTS

AUGUST 5, 2019

Ride-hailing firm Be Group in Vietnam is launching two delivery services to compete with Grab and Go-Viet, Deal Street Asia reported on Monday (Aug. Unlike Grab and FastGo, Be Group has also registered itself as a transportation business. The company’s beExpress is designed to be a delivery and postal service for eCommerce enterprises.

Groups 108

Groups Regulation Mobile Marketing 108

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 billion, according to news from Retail Dive. The group, which owns much of the nation’s mall real estate, reported occupancy rates stood at 94.6 billion, edging ahead of the consensus estimate of $1.38

Operations 100

Operations Retail Groups Conference 100

PYMNTS

APRIL 4, 2019

SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. In a press release, SWIFT said the community has decided to create the standard in light of multiple planned migrations to ISO 20022.

Groups 146

Groups Guidelines Community United States 146

PYMNTS

JULY 7, 2020

Social media has been full of news of anti-maskers wrecking displays – and weeks ago, even attacking a store clerk because of regulations requiring them to mask up inside stores. Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel.

Retail 151

Retail Groups social media Policies 151

PYMNTS

OCTOBER 16, 2020

16) that merger talks with TCS Group Holding (Tinkoff) have fallen apart. . TCS Group Holding is the parent company of the Russian lender Tinkoff Bank. “We Lavka stocks roughly 2,000 items and operates as a digital market for convenience items. Russian search giant Yandex said in a statement on Friday (Oct.

Groups 141

Groups Google Capital Fintech 141

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). PYMNTS recently reported the pandemic has thrown daily operations for merchants in the EU and the U.K.

Groups 131

Groups Regulation Fraud Security 131