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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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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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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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 Retail Sales Rose Higher In July

PYMNTS

Retail Commerce Department Consumer Spending Factory Output Federal Interest federal reserve manufacturing News Retail sales shopping trends trade tariffs US Economy What's Hot Worker Productivityretail sales rose higher than expected last month — a sign that the economy remained strong early in the third quarter. According to Reuters , the Commerce Department revealed that, with the exclusion of automobiles, gasoline, building materials and food services, retail sales increased 0.5

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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.,

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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

US 159

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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Suppliers Wary Of Toys R Us Repeat

PYMNTS

Toys R Us the store may already be a distant memory for shoppers – but for its suppliers, lessons learned from the retailer’s demise are being carried into their future dealings. 28) detailed the financial struggles that Toys R Us vendors endured even before the company filed bankruptcy. Rick Woldenberg, CEO of educational toy firm Learning Resources, told the publication that the demise of Toys R Us and its impact on vendors is “shameful in every way, and very damaging.”

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US Bank Looking To Sell Its Payment Unit, Elan

PYMNTS

According to the report, Finastra, FIS and Fiserv are in the running to acquire the unit from U.S. Elan processes credit cards for 1,800 banks in the U.S., It also provides support for more than 34,000 ATMs around the U.S. Finastra, FIS and Fiserv declined to comment when contacted by Fintech Futures, while U.S. Bank is reportedly looking to sell Elan, its card processing business, reported Fintech Futures.

US 146

JCPenney Seeks Former Babies R Us Customers

PYMNTS

Following the downfall of Toys R Us and Babies R Us, JCPenney is planning to carry additional baby products at its stores located near former Babies R Us locations. Parents used to turn to Babies R Us for items such as diaper bags, pacifiers and cribs before it was forced to close stores after its parent company, Toys R Us, went bankrupt. Toys R Us had over 700 locations in the U.S. Beyond the U.S.,

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US Inflation Balloons: 2.9 Pct Over Past 12 Months

PYMNTS

Retail consumer prices Cost of Living Federal Interest Rates inflation jobs report Labor department News trade war U.S. Core inflation spiked 2.9 percent over the last 12 months, essentially flattening wage gains that had edged into the last several months’ economic reports. The July jump is the biggest pick-up the index has seen in a decade, and is considered another piece of evidence that the Federal Reserve should proceed carefully with an interest rate increase.

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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.

US 147

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.

US 189

New Facial Recognition Tech Catches Traveler Imposter at U.S. Airport

PYMNTS

Facial recognition technology helped U.S. 22) at Washington Dulles International Airport, according to a statement from U.S. Colleen Manaher of the U.S. In the future, she said, international travelers could board a flight bound for the U.S. Identity theft authentication biometrics border CLEAR digital identity facial recognition ID Identity Theft international travel News U.S.

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US Toy Industry Sales Grow To $7.9B After Toys R Us Closure

PYMNTS

In the first half of 2018, sales in the U.S. The increase occurred during the liquidation of Toys R Us, market research group NPD said in a press release. “It It is likely that the Toys R Us news has kept toys top-of-mind for parents and grandparents when shopping for kids in general, benefiting both consumers and the industry,” Juli Lennett, senior vice president and toys industry advisor for NPD, said in the press release. “I Beyond the U.S.,

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TRENDING: Why US Customs Wants To Change The Face Of Air Travel

PYMNTS

Bad actors aren’t just stealing sensitive information; they are hoping to wreak havoc on airport security in the U.S. In the latest Digital Identity Tracker , PYMNTS caught up with Colleen Manaher of the U.S.

Trends 164

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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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.

US 173

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.

US 125

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

US 189

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.,

US 152

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.

US 147

US Intel Community: Supply Chain Cyberattack Imminent

PYMNTS

A report by the U.S. Unsurprisingly, the report also mentioned Kaspersky Lab and the risks of foreign enterprise technology companies that work closely with corporates and governments in the U.S. “New foreign laws and increased risks posed by foreign technology companies, due to their ties to host governments, may present U.S. The U.S. Department of Homeland Security advised U.S.

US Investigations Examine Alleged Danske Bank Money Laundering

PYMNTS

14) that U.S. The U.S. Treasury can take actions against those banks suspected of laundering money, and can restrict the supply of U.S. In the latest salvo of cross-border probes over money laundering, The Wall Street Journal reported Friday (Sept. law enforcement agencies are examining Danske Bank over what has been termed “massive money laundering flows” from Russia and several former Soviet states.

US 141

Five At Five: Faster EMV Comes To The US

PYMNTS

Today’s coverage includes news about faster chip card transactions, along with brightening prospects for retail and technology in the U.S. Square Makes EMV Transactions Faster In The US. The company said sellers in the U.S. Some prominent hedge fund managers are feeling optimistic about the U.S. News bitcoin coinbase cross-border payments cryptocurrency EMV Five at Five ICO Lowes Retail Ripple Square U.S.

US 109

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

Major US Airlines Grow Loyalty Program Revenue

PYMNTS

In the second quarter, major carriers in the U.S. As airlines seek income beyond fares, carriers are turning to credit card offers to broaden their revenue streams. earned more from loyalty and credit card programs than they did in the same period the prior year, The Wall Street Journal reported. “It It is amazing how much it continues to grow,” Kurt Stache, senior vice president for marketing, loyalty and sales at American Airlines Group Inc.

US 126

Toys R Us Settles With Creditors To Complete Bankruptcy

PYMNTS

Toys R Us has come to a settlement agreement with some groups of creditors, including vendors, to resolve its disputes related to its bankruptcy proceedings. ” While Toys R Us had said that it would try to honor its payments to suppliers and lenders , over 50 suppliers, such as Lego and Mattel , were not happy with the company’s bankruptcy proceedings. Crayola’s attorneys alleged that Toys R Us was “well aware that their U.S.

US 116

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.

US 109

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

US 159

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

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

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

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

Why U.S. Corporations Remain Optimistic Amid So Much Uncertainty

PYMNTS

Trade disputes and other features of rising global uncertainty aren’t enough to deter U.S. The confidence among U.S. Red tape” restrictions pertaining to safety, finances and the environment are being eased, and foreign investment in the U.S. Economy B2B Payments corporate finance national federation of independent business News optimism index small business finance SMB U.S. corporations from remaining optimistic, according to the New York Times.

US 116

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

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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