US Banks Shun Money Transmittal

PYMNTS

According to a report in The New York Times , while Mexico is the largest destination for money transfers from the U.S., billion was sent from the U.S. It also means limited options for those living in the U.S.

US 244

US Bans Chinese Facial Recognition Tech

PYMNTS

A Chinese company that develops facial recognition technology could be facing a ban in the U.S. As a result, the United Stated has banned government agencies from buying Hikvision products, and now there are rumblings that the company might be facing a ban on on importing U.S.-made

US 267

Chinese Investments In US Tech Startups Dry Up

PYMNTS

Investments on the part of China in U.S. According to a report in Reuters citing Rhodium Group, Chinese venture funding in U.S. Hurting the investments, reported Reuters, is new legislation that gives the U.S.

US 213

Toys R Us Is Going Strong In Asia

PYMNTS

While Toys R Us has disappeared from the United States, it is going strong in Asia, which plans to open 60 new stores throughout the region this year. We are cautiously optimistic,” said Jo Hall, Toys R Us chief commercial officer for Greater China and Southeast Asia. “We

US 208

US Restaurants Face Tough 2019

PYMNTS

According to a report in Bloomberg citing analysts and industry watchers, U.S. Bloomberg pointed to Starbucks, which already announced plans to close some of its U.S. Because consumers in the U.S.

US 213

US Banking Industry Had No Failures In 2018

PYMNTS

According to a report in CNBC , citing Calculated Risk, last year was the first time since 2006 that not one U.S. Citing Bloomberg, CNBC noted that the largest U.S. Economy banking FDIC financial crisis financial system News regulation U.S.

US 202

Danske Bank Whistleblower: Major European Bank, U.S. Lenders Involved

PYMNTS

19), contended that a major European bank helped to process as much as $150 billion in suspicious payments, and noted that two U.S.-based The comments came as regulators in Denmark, Estonia, Britain and the U.S. We have breached the expectations society had of us.

US 246

US Faster Payments Council Names New Leadership

PYMNTS

The U.S. Faster Payments Council (FPC), a membership comprised of payment industry leaders, has appointed Kevin Christensen, a senior executive at the SHAZAM network, as the acting executive director and interim board chair, according to a news release by the organization.

Survey Shows Fall In US Consumer Sentiment

PYMNTS

Consumer Finance consumer behavior consumer finances financial health financial invisibles household income News personal finance U.S.

Survey 200

Retailers Scoop Up Former Toys R Us Locations

PYMNTS

Months after Toy R Us sought to liquidate its holdings in the United States, merchants have taken up space left behind by the toy retailer. Ollie’s Bargain Outlet Holdings, for example, opened the doors to a location in Maryland that was home to Toys R Us in the past.

US 182

U.S. Consumer Confidence Plunges Amid Market Uncertainty

PYMNTS

American consumer confidence faltered in the month of December to the lowest level its been since July, and by the most in 41 years, according to a report by Bloomberg.

U.S. Startups Raised A Record $130 Billion In 2018

PYMNTS

According to PitchBook-NVCA Venture Monitor, in addition to setting a record for investments going into U.S. startups had a great 2018 in terms of funding, with new data showing that venture capitalists deployed $130.9 billion, marking a new all-time high.

US 252

US Considers AI Regulation For Foreign Countries

PYMNTS

A new proposal shows that the U.S. Earlier this year, it was reported that the U.S. was considering taking a closer look at the relationship between U.S. The new committee aims “to improve the coordination of federal efforts related to AI to ensure continued U.S.

Danske, Execs Sued By US Shareholder

PYMNTS

9), the complaint was filed in Manhattan in the U.S.

US 179

Corporate Payments Firm AccessPay Secures US Backing

PYMNTS

and U.S., investors have placed new funds with U.K.-based based corporate payments and treasury technology company AccessPay , reports in The Telegraph said on Sunday (Jan. Beringea, True Ventures and Route 66 provided $11.6

Toys R Us’ Surprisingly Sexy Inventory Auction

PYMNTS

When now bankrupt Toys R Us puts its assets on the auction block next month, some expected things will be up for sale — like the toy and game retailer’s internationally recognized mascot Geoffrey the Giraffe, according to recent CNBC reports. Toys R Us owns those names to prevent other firms from using them — and from encroaching on its brand. Not all the choices Toys R Us claimed were racy in nature. The ‘R Us’ is the key to the brand, not the Toys.”.

US 138

China Will Keep Cyberattacking US, Expert Says

PYMNTS

The U.S. FBI Director Christopher Wray said China has a singular goal: “China’s goal, simply put, is to replace the U.S. ” The U.S. China will not stop its cyberespionage campaign against America any time soon, an expert told CNBC.

US 194

Two US Senators Call On India To Relax Data Rules

PYMNTS

We see this (data localization) as a fundamental issue to the further development of digital trade and one that is crucial to our economic partnership,” the U.S. International data storage digital payments ecommerce india News U.S.

US 214

Barclays Eyes US Expansion

PYMNTS

bank Barclays is considering whether it should expand further into the U.S. payments platform in the states, as well as building a U.S. In addition, sources say that Barclays is putting more capital behind its U.S. Many European banks have to tried to expand into the U.S., with some of the biggest financial institutions (FIs) almost collapsing due to exposure to the U.S. But a strong economy has made the U.S. Last year, the U.S.

US 113

China Claims Most US IPOs Since 2010

PYMNTS

The level of new issuance of Chinese companies in the US is unusual given the escalating trade tensions and weakness in the Chinese markets,” said Daniel Delany, managing director at CIBC Private Wealth Management. The US listings of Chinese companies have not performed well in 2018.

US 179

US Reps Call For Crypto Regulation Research

PYMNTS

To help further use of digital currency and head off price manipulation, two U.S. Republican Representative Ted Budd and Democrat Representative Darren Soto introduced the proposed laws to make the U.S. And a second bill, the U.S. Their bills come a few months after U.S.

Some US Toys R Us Locations Could Survive After Canadian Company’s $234M Bid

PYMNTS

There might be hope for Toys R Us , with a Toronto-based company looking to save some locations in both Canada and the U.S. Last Tuesday (April 24), Toys R Us agreed to sell its Canadian business — which consists of 82 stores — to Fairfax Financial Holdings Limited for around $234 million in a bankruptcy court hearing. Those stores might retain the Toys R Us name.

US 142

U.S. Bank Announces Amazon Alexa Integration

Bank Innovation

EXCLUSIVE- U.S. The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […].

US 209

Toys R Us Eyes Liquidation Of US Operations

PYMNTS

Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. Toys R Us’ situation is in flux, but reports say liquidation seems a likelihood amid dashed hopes that a buyer will come to keep the (toy) trains running, so to speak, or that the debt will be repackaged. As has been widely reported, the U.S. Toys R Us managed to garner a $3.1 Retail bankruptcy brick and mortar News store closings toy industry Toys R Us What's Hot

Citizens Bank Warns Most US Firms Over-Exposed To FX Volatility

PYMNTS

Most U.S. Seventy percent of professionals said they have not locked in lower interest rates despite signs that interest rates are about to rise, and 67 percent said they do not have a hedging strategy deployed to mitigate the risk of fluctuating U.S.

US 230

US Bank, Mansfield Energy Partner On Consolidating Fleet Card Spend

PYMNTS

North American energy supplier and logistics firm Mansfield Energy is partnering up with U.S. In a press release issued Monday (November 12), Mansfield and U.S. Mansfield will provide mobile refueling solutions to existing users of U.S.

US 169

US Charges Loom Against Chinese Hackers

PYMNTS

Criminal charges against a number of alleged hackers linked to China may come next week, levied by U.S. The charges are tied to a “sophisticated multi-year scheme” that sought to compromise U.S.

US 182

US Bank Designs Online SMB Lending Platform

PYMNTS

The latest to do so is U.S. According to U.S. “We created this new digital experience to deliver on our commitment to continuously improve the way we serve our customers,” said U.S. ” “We know business owners want their bank to provide simple and secure solutions that they can access, despite having very busy schedules,” added U.S.

Toys R Us Stops eCommerce Sales

PYMNTS

As Toys R Us winds down its operations, it is no longer accepting eCommerce orders through its website. Instead, the retailer is directing customers to liquidation sales at its brick-and-mortar stores for both its namesake and Babies R Us brands, industry news source Chain St ore Age reported. Only a small number of the 800 U.S. Toys R Us stores were headed to auction.

US 153

Sage Sells Off US Payroll Operations In Cloud Push

PYMNTS

Small business (SMB) cloud solutions provider Sage is refocusing away from payroll as it divested its U.S. Sage’s payroll outsourcing unit in the U.S. Human resources (HR) management company iSolved HCM , based in the U.S.,

U.S. Government Wants To Use Blockchain To Help In Disaster Relief

PYMNTS

According to the U.S. Blockchain disaster relief DoD News U.S. Department of Defense, blockchain has “a lot of potential” to help the way troops respond to disaster relief.

US 189

Market Watchers Say US Recession Is Coming

PYMNTS

Market watchers have sent out a warning that the U.S. Other possible warning signs: U.S. Some fund managers also believe that a strong U.S. But there are signs that the U.S. Economy bond market corporate bonds global trade News Recession U.S. economy might be heading toward a recession.

US 157

Toys R Us Asia Gets Billion Dollar Bids

PYMNTS

As Toys R Us proceeds with plans to sell some of its business outside the U.S., and the U.S., The company’s lawyer, Joshua Sussberg, said during a hearing in U.S. And, in the U.S., The retailer has over 700 remaining locations in the U.S., including those under the Babies R Us banner. Since a leveraged buyout, Toys R Us has been burdened with over $5 billion in debt. Beyond the U.S.,

US 143

What Black Friday Tells Us About The Future Of Retail

PYMNTS

Now, 28 percent of all U.S. percent of consumers in the U.S. The verdict is in. Black Friday was a boon for online retail.

Retail 279

US Census Approach Brings Commerce Worry And Anticipation

PYMNTS

It’s (almost) that time again: The next U.S. An “undercount would affect data projections used by companies in the U.S. This is hardly the first time that U.S. Census , scheduled for 2020.

US 176

Toys R Us Turns Down Bid For US Stores

PYMNTS

Lawyers and advisers for Toys R Us have reportedly turned down a last-minute bid for the retailer’s U.S. Larian had made an offer of $675 million for the Toys R Us stores in the U.S. Advisers and lawyers for Toys R Us are still reportedly looking at bids for the retailer’s business in Canada. The retailer has over 700 remaining locations in the U.S., including those under the Babies R Us banner. Beyond the U.S.,

US 107

The Show Will Go On For Toys R Us Stores Outside The US

PYMNTS

Bankruptcy may not spell the end for Toys R Us stores – at least outside of the U.S. Toys R Us agreed to sell its Canadian business, which consists of 82 stores, to Fairfax Financial Holdings Limited for around $234 million dollars in a bankruptcy court hearing on Tuesday (April 24). Those stores might retain the Toys R Us name. The company’s co-founder, Tony Smyth, is optimistic about the opportunity that the Toys R Us deal presents. “We The Toys R Us Saga.

US 173

How Clandestina (Literally) Snuck Into The US Market

PYMNTS

The brand became the first to launch a website for U.S. And while those numbers aren’t likely to keep Amazon or H&M up at night, for a small Cuban eCommerce startup operating out of nation where internet access is patchy and from which the company can’t ship goods directly to U.S.

US 251

US Bank Mobilizes Mastercard Corporate Cards

PYMNTS

In a press release , U.S. Our clients who have adopted mobile commercial payments are responding with great enthusiasm to its use for business travel,” said Jeff Rankin, U.S. Mastercard is pleased to join forces with U.S. According to U.S. In an interview with PYMNTS last year, U.S. B2B Payments B2B business travel Commercial Card credit card MasterCard Mobile Payments News US Bank What's Hot In B2B

US 159

US Government Could Scrutinize US/Chinese Tech Partnerships

PYMNTS

The alliances between U.S. and Chinese companies in the area of artificial intelligence (AI) could receive greater scrutiny by the U.S. The U.S. But if there was an effort to end partnerships between Chinese and U.S.-based Additionally, Chinese companies and institutions are big customers of these technology companies, and top talent in high-tech areas like AI and chip design is shared between companies and universities in China and the U.S. “I

US 119

US Household Debt Spikes In Q4 2017

PYMNTS

Reuters, citing the Federal Reserve Bank of New York, reported that household debt for the U.S. Debt Consumer Debt federal reserve household debt News Overdue Bills Q4 U.S. debt U.S. Thanks in part to a rising number of mortgage loans, the debt levels of Americans increased during the last three months of 2017. hit $13.15 trillion in the fourth quarter ending in December, which is a $193 billion increase from the third quarter.

US 149

Third-Party Data Breaches On The Rise In The U.S.

PYMNTS

In a press release announcing the results of the survey of more than 1,000 CISOs and other security and risk professionals across the U.S. Opus said that in the U.S., Opus, the provider of global compliance and risk management solutions, announced Thursday (Nov.

Data 258

US Corporates Continue Cash Stockpiling Spree

PYMNTS

The Association for Financial Professionals’ October 2018 Corporate Cash Indicators report found that U.S. In another statement, BMO Head of U.S. corporates are sitting on record levels of cash, and the latest data suggests firms are accelerating their stockpiling.

US 183