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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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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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.

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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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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

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

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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

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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.

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How Toys R Us Kids Became Amazon Adults (And What’s Next)

PYMNTS

There have been a number of great commercial jingles in the history of commercials — tunes so catchy that they stick, almost forever, and remind us of brand names simply by nature of being so catchy. Toys R Us ’ famous “Toys R Us Kids” jingle succeeded in doing that, and then some.

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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.

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Lidl Struggles With US Expansion

PYMNTS

Despite generating a lot of buzz when it announced plans to expand across the U.S., Lidl has struggled to gain a foothold in a U.S. To date, Lidl has 53 U.S. Lidl will continue to open more stores after opening 53 U.S. stores in six states along the East Coast since June 2017, U.S. grocery market that has suddenly become a breeding ground for the hyper-competitive.

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Hobby Lobby May Take Up Shop In Former Toys R Us Stores

PYMNTS

Following the closure of Toys R Us stores in June, retailers in the hobby and off-price segments may fill some of the larger empty big-box spaces. Companies such as Big Lots and Ashley Homestore had bid on the properties in bankruptcy court, but one hobby retailer may be particularly interested in Toys R Us’ former stores, The Wall Street Journal reported. Months after Toys R Us announced it would liquidate its U.S.-based

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Chip-Enabled Merchants Reach 2.9M In U.S.

PYMNTS

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. Visa set the path for the U.S. One of the leading factors was that chip technology is extremely effective in reducing counterfeit fraud, which was the leading type of fraud in the U.S. million merchant locations are now accepting chip-enabled cards — a 626 percent increase since the beginning of EMV migration in the U.S. The data shows the U.S.

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Toys R Us Moves Toward Asset Liquidation

PYMNTS

The end, it seems, is near as far as Toys R Us is concerned, as reports are emerging that the liquidation of the retailer’s assets may be coming soon. The end of Toys R Us signals more than just the disappearance of yet another once iconic American brand. Toy retailers could soon feel the hit as well, as Toys R Us has been a major supply channel for all make and manner of items designed to amuse children. The company accounted for 15 to 20 percent of U.S.

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Is The GDPR Coming To The US?

PYMNTS

The act “brings GDPR [General Data Protection Regulation] to the U.S.,” Imitation is the sincerest form of flattery, right? If so, some European regulators might like what’s going on with California in regards to digital privacy. This fall, voters in California will vote on a ballot initiative called the California Consumer Privacy Act. According to supporters, they have enough signatures to put it up for statewide approval on Nov.

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Record US Corporate Debt Levels Have Analysts At Odds

PYMNTS

A day after the Bank of England issued a warning of rising debt levels across the globe, new analysis eased some concerns over growing corporate debt in the U.S. Reports in CNBC on Thursday (June 28) said corporate debt in the U.S. ” CNBC said, though, that other analysts have a differing opinion on rising U.S. B2B Payments B2B corporate debt federal reserve interest rate News S&P Global U.S.

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Suppliers Are Unhappy With Toys R Us’ Bankruptcy Proceedings

PYMNTS

While Toys R Us said that it would try to honor its payments to suppliers and lenders, over 50 suppliers, such as Lego and Mattel , are not happy with the company’s current bankruptcy proceedings — at least in some form. Toys R Us also bought goods on unsecured trade credit, so some of its trade vendors want the retailer to send back unpaid inventory. The news comes as the retailer will either sell or shutter all of its brick-and-mortar stores in the U.S. Beyond the U.S.,

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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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Toys R Us Marks Down Merchandise Ahead Of Closures

PYMNTS

As Toys R Us locations gear up for closure, the retailer is rolling out new markdowns at its stores. The store closure’s timing and discounts will vary, as it depends on how quickly each location sells out of inventory,” Toys R Us spokesperson Amy von Walter told USA Today. “I As of April , Toys R Us had over 700 remaining locations in the U.S., including those under the Babies R Us banner. Beyond the U.S.,

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Gett Considers Exiting US Ride-Hailing Market

PYMNTS

According to Bloomberg , Juno represents the majority of the Israeli tech company’s U.S. While Juno only operates in New York, competing with Uber , Lyft and Via Transportation , there had been plans to expand into other U.S. Sources noted that Gett, its investors including Volkswagen , started to consider exiting the U.S. DiDi Chuxing , for example, forced Uber out of China after the U.S.-based

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Amazon Considers Christmas Toy Catalog For A Toys R Us-Free World

PYMNTS

Worried about a Christmas without the prospect of the hallowed Toys R Us to guide you through? No, the online retail giant has decided that it will step in to fill the void Toys R Us left and print a holiday catalog of its own. Among the reasons Toys R Us went out of business, of course, was competition from online stores like Amazon (and big box retailers like Walmart, which actually displaced it as the nation’s largest seller of toys some time ago).

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Majority Of Company Leaders, Employees Leaving Toys R Us

PYMNTS

Toys R Us CEO Dave Brandon — along with other members of the leadership team and the majority of employees—are leaving the company. In addition, the roughly 30,000 Toys R Us employees who lost their jobs due to the retailer’s liquidation are requesting that the company pay its workers severance, using the proceeds from fees and other payments made to its private equity owners. ” However, there is hope for some stores in the U.S.

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Uber Raises Fares In Major US Cities

PYMNTS

To help retain drivers on its platform, Uber is raising its fares in cities such as Washington, D.C., San Francisco and Los Angeles. The increases have come to both “time and distance” rates as well as “booking fees,” Financial Times reported. “We We have to make [being an Uber driver] more attractive because the alternatives are becoming more attractive,” Uber CEO Dara Khosrowshahi told FT. All of them, I think, want to make more money. In general, I think driver earnings are going up.”.

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Walmart Presents A Ten-Point Plan To Renew U.S. Manufacturing

PYMNTS

Walmart announced news on Wednesday (July 26) that it had convened a broad group of individuals and organizations from the government, business and non-governmental sectors to lobby for a Policy Roadmap to Renew U.S. The good news is we’ve also learned how to overcome the challenges and, because of our experience, Walmart is uniquely positioned to help facilitate broad engagement in accelerating the expansion of U.S. million jobs being added in the U.S. Enhancing U.S.

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Contactless Payments Set To Explode In US

PYMNTS

Contactless credit cards have seen a slow rate of adoption in the U.S., According to a report by The New York Times , use of mobile wallets, including Apple Pay and Samsung Pay, is also growing in the U.S. Citing data from ABI Research, NYT reported annual shipments of contactless cards in the U.S. The U.S. Payment Methods contactless payments uk us

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ALDI And Big Lots Are Among Sucessful Bidders For Toys R Us Stores

PYMNTS

As the liquidation of Toys R Us marches on, retailers are bidding on the toy store’s brick-and-mortar locations. Landlords are purchasing Toys R Us locations in some cases, and Retail Specialists Executive Vice President Bill Read believes that there will be “solid demand” for the retailer’s locations. As of April , Toys R Us had over 700 remaining locations in the U.S., including those under the Babies R Us banner.

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Silk Road Mentor Being Extradited To US

PYMNTS

Five years after Silk Road shut down, one of its alleged advisers is being extradited to the U.S. Last week, the U.S. I’m not going [to the U.S.]. to face newly unsealed charges for his role in the operation. According to The Verge , Roger Clark was the alleged mentor, adviser and confidant to Silk Road’s founder, Ross Ulbricht. Silk Road was dubbed the “Amazon of illegal narcotics,” and Ulbricht built a $1.2 billion empire selling heroin, cocaine and crystal meth online.

US 138

Lidl Names New US CEO

PYMNTS

I am honored to be able to lead our expansion in the U.S., Lidl made its first entry into the U.S. Growth plans that were initially slated to be highly aggressive have since pulled back, as conditions on the ground in the U.S. Lidl’s entrance coincided with the early days of the grocery war raging in the U.S.,

US 116

US Bank Pays Justice Department $613M For Money Laundering Settlement

PYMNTS

Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the Comptroller of the Currency (OCC) and the U.S. According to a press release, FinCEN said the obligation will be satisfied by a $70 million payment from U.S. Bank to the U.S. Since 2011, FinCEN claimed U.S. Banks in the U.S. FinCEN, the OCC and the DOJ contend that U.S.

US 149

Toys R Us Bankruptcy Hits Hasbro’s Sales

PYMNTS

After failing to meet Wall Street’s expectations, Hasbro blamed the Toys R Us bankruptcy for a drop in revenues in the first quarter. The news comes as 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.

US 131

Saudi Arabia To Pause US Investments?

PYMNTS

The Wall Street Journal reported that that the Saudis’ multibillion-dollar U.S. But at least some of that money would flow, ultimately, into the U.S., as SoftBank executives said they would invest $50 billion in the U.S., Investments aramco Donald Trump saudi arabia trump us investments What's Hot

US 175

Toys R Us Sees A Future Online

PYMNTS

billion financing infusion from a group of lenders led by JPMorgan Chase, toy and game retailer Toys R Us is announcing new steps in its post-bankruptcy restructuring. 2) that Toys R Us has partnered with global marketplace solutions provider Mirakl to create a new online marketplace. As the leading toy and baby retailer, customers expect us to have the latest and greatest assortment of products available,” said Lance Wills, chief technology officer at Toys R Us.

Online 132

Weak Holiday Sales Pressure Toys R Us To Close 100 Stores

PYMNTS

Embattled toy and game retailer Toys R Us may close 100 U.S. Toys R Us operated 879 U.S. Final decisions about our real estate portfolio will be done only after careful consideration about the best interests of our business,” said Toys R Us spokeswoman Amy von Walter. Toys R Us received a $3.1 A closure of Toys R Us locations would impact suppliers like toymakers Hasbro and Mattel, both of which saw session lows on Monday and declines of 3.2

US 135

US Bank Launches Alexa Skills For Customers

PYMNTS

In a press release , U.S. Bank announced it is among the first banks in the U.S. to enable customers to complete banking tasks such as checking an account balance or making a digital payment to a U.S. Voice technology is going to be central to the future of digital interaction,” said Gareth Gaston, head of omnichannel banking at U.S. It’s a great example of innovation coming home for U.S. For instance, U.S.

US 133

US Retail Sales Auger Slowing Growth Ahead?

PYMNTS

Retail economic growth GDP industrial output U.S. retail sales US retail salesRetail sales data in the United States showed anemic percentage gains in November, economic data that alongside declines in industrial production may auger some slowing economic growth.

US 151

Fizzle: Toys R Us Will Soon Be ‘Toys R No More Us ‘

PYMNTS

After a half-century run and millions of children served, Toys ‘R’ Us will soon be Toys ‘R’ No More Us. As a result, it will close all of its U.S. According to the filing, the company’s creditors “have determined that the best way to maximize their recoveries is to liquidate the existing inventory in all … 735 remaining U.S. stores and begin an orderly wind-down of the U.S. Because saying Toys ‘R’ Us is important to the U.S.

US 116

FirstCaribbean Wants $100M In US IPO

PYMNTS

FirstCaribbean International Bank is planning to raise $100 million through its initial public offering (IPO) in the U.S., An F-1 registration statement revealed the bank’s plans for an IPO in the U.S., Other IPOs in the U.S. Last month, Zuora also revealed plans to raise $100 million via a U.S. Reports said 159 companies went public in the U.S.

US 154

39 Top Payments Execs Tell Us What’s Next

PYMNTS

A good forecast is a notoriously difficult thing to write – particularly if one is trying to write it about the payments and commerce ecosystem.

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Toys R Us Will Create $156M Vendor Fund

PYMNTS

To pay vendors for merchandise shipped after its bankruptcy filing in September , a lawyer for Toys R Us said the embattled retailer will create a $156 million fund. It’s a really hard pill to swallow,” Erika Morabito, a lawyer for a group of trade vendors, said at a U.S. The news comes as 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.

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The Rise And Fall Of Toys R Us

PYMNTS

The founder of Toys R Us passed away yesterday (March 22) at the ripe old age of 94, barely a week after news broke that the toy chain would be closing its doors for good. Millennials across America singing “I’m a Toys R Us kid” in as solemn a fashion as possible this week are a testament to that. In honor of Lazarus and the toy store that captured children’s imaginations (and parents’ dollars) for generations, let’s look back on the rise and fall of Toys R Us.

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