US Senate Revives Export-Import Bank

PYMNTS

After a four-year hiatus, the U.S. Export-Import Bank (EXIM Bank) is returning to full-fledged operations as a provider of high-value trade financing and other services to support cross-border trade with U.S. Reports in Reuters earlier this month said the U.S.

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US Retail Sales Fall In April

PYMNTS

As Americans reduced their spending on appliances and clothes, among other items, retail sales in the U.S. Retail economy News U.S. Department of Commerce U.S. dropped in April. The Commerce Department said on Wednesday (May 15) that sales declined 0.2 percent, CNBC reported.

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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.

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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

If Facebook launch a cryptocurrency, will US government shut it down?

Chris Skinner

April 2019) This is because they are getting serious about payments and blockchain, after a variety of reports that they … The post If Facebook launch a cryptocurrency, will US government shut it down?

Visa: US Starting To Close The Contactless Gap

PYMNTS

Globally, tapping to pay with contactless cards has taken off remarkably, and the U.S., We’re excited to share that tapping to pay is becoming a reality across the U.S., Around the world, tapping is becoming a dominant payment factor quickly — excluding the U.S.,

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US Mulls Banning Visa, Mastercard From Processing In Venezuela

PYMNTS

The U.S. The U.S. In fact, earlier this week, the U.S. Latin America financial sector MasterCard News Nicolas Maduro sanctions SWIFT transactions U.S.

US 246

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. […].

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U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital

Bank Innovation

Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S. Lending Payments Premium Retail BBVA branch banking digital banking Mobile banking US Bank

US Treasury: Taxes On Digital Companies Are Discriminatory

PYMNTS

A U.S. Reuters reported that Chip Harter, the U.S. What we have seen of the most recent French proposals, we view them as highly discriminatory against U.S. Regulation digital companies digital tax French tax News OECD regulation tax reform U.S.

Taxes 211

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.

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Removing the drag from tableside payment growth in the US

Mobile Payments Today

Tableside payment in the restaurant industry has been a growing trend, yet there still remain obstacles to wider acceptance by consumers

US 243

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 247

US Bank Freight Payments Integrate With project44

PYMNTS

Third-party logistics technology provider project44 is integrating payments capabilities as a result of its partnership with U.S. 27), project44 revealed that U.S. The deal will enable U.S.U.S. “Our work with U.S.

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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 211

U.S. Congress Launches Task Forces for Fintech, AI

Bank Innovation

The U.S. House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence.

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

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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 197

Bankrupt Toys R Us Aims For Retail Revival

PYMNTS

Even with the liquidation of Toys R Us operations in the U.S., Now, the company is looking to restart the brand in places such as the U.S. Chief Executive Officer Richard Barry said, according to the outlet, “That’s certainly our intent, to be in a position where U.S.

US 182

Cashless trend becoming a crisis debate in UK, US

Mobile Payments Today

The rise in cashless payments and the declining presence of bank branches and ATMs is leading to a potential crisis point in many communities across the U.S. and the U.K.

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Walmart US eCommerce Sales Surge 43 Pct

PYMNTS

Retail giant Walmart posted fiscal 2019 fourth quarter results that topped expectations amid strong holiday spending and U.S. With a nod to the current economic climate, management, including CEO Doug McMillon and CFO Brett Biggs, said that the U.S. Total Walmart sales in the U.S.

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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.”.

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U.S. Bank Wants To Remove Passwords From Login in 2017

Bank Innovation

Biometrics and behavioral analytics are taking over banking apps for good, and U.S. Corporate Operations Technology authentication behavioral analytics cybersecurity US Bank

US 235

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.

JPMorgan, BoA Lead US Bank Tech Spending

PYMNTS

Reports in Business Insider on Thursday (March 28) said UBS has published a report that breaks down U.S. New research from UBS points to the largest spenders on bank technology: JPMorgan and Bank of America.

US 211

Credit Card Losses Outpace Home, Auto Loans At US Banks

PYMNTS

For us, the U.S. Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. The problem is not yet out of hand, however.

Cards 242

Japan’s Episode Six to Launch in the U.S. Soon

Bank Innovation

Payments software provider Episode Six will launch in the U.S. soon, according to its co-founder and CEO John Mitchell. Though he could not disclose a timeline, Mitchell noted he's currently visiting New York City to lay the groundwork for the launch. “We

Sinemia Shuts Down U.S. Operations Amid Lawsuits

PYMNTS

Sinemia , the movie theater subscription service that tried to take a page from MoviePass, is shuttering U.S. In a letter on its webpage, Sinemia said it was ending operations in the U.S. The competition in the U.S.

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.

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US Government Pushes Back On Indian eCommerce Rules

PYMNTS

According to a report from Reuters , citing three sources familiar with the talks, the U.S. Reuters reported that earlier in January, a U.S. The official argued that U.S. The call on the part of the U.S.

US 188

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.

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DOE: Cyberattack Interrupted US Electrical Services

PYMNTS

The Department of Energy (DOE) has confirmed that a distributed denial-of-service attack (DDoS) perpetrated against an energy company caused “interruptions of electrical system operations,” according to a report. The “cyber event” occurred on March 5 and lasted almost 10 hours.

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

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

Apple Music Subscriptions Surpass Spotify In US

PYMNTS

Apple Music has overtaken Spotify in the number of paid subscribers it has in the United States, according to reports. Apple Music had 28 million paid subscribers to Spotify’s 26 million, as of February. Apple Music also has a growth rate of around 2.6

Apple 195

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.

Deutsche Pressured To Trim US Investment Bank

PYMNTS

Deutsche Bank is reportedly being pressured by European regulators to trim its U.S. According to reports, Deutsche is exploring whether that Commerzbank merger could potentially prop up its U.S.

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US Senators Propose New Office To Combat Tech Theft

PYMNTS

To contend with technology threats from China, two U.S. The bill, which aims to create an Office of Critical Technologies and Security, was a bipartisan effort by U.S. Senator Marco Rubio (R-FL) and U.S. intellectual property, U.S.

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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.

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Toy Sales Stumble In First Holiday Without Toys R Us

PYMNTS

The toy industry saw a dip in sales during its first holiday season without Toys R Us. Data from market researcher NPD Group showed that U.S. The retailer had over 700 locations in the U.S., Retail Holiday Season News toy industry Toy Sales Toys R Us What's Hot

US 165

U.S. Bank Wallet? Not Yet

Bank Innovation

Online Payments Android Pay Apple Pay Bank of America mobile wallets Samsung Pay US BankBank would launch a mobile wallet, if a customer need arises, a spokeswoman told Bank Innovation.

US 141

How Gig Work In The US Became A Career

PYMNTS

With U.S. gig workers accounting for more than $1.4 trillion in income by the end of 2018, it’s safe to say the gig economy is becoming a mainstream part of the global economy.

US 252

eCommerce Co Jumia Files US IPO

PYMNTS

Reports confirmed the news via U.S. Pan-African eCommerce company Jumia filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Tuesday (March 12). Securities and Exchange Commission (SEC) documents, and by speaking with CEO Sacha Poignonnec.

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