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PYMNTS.com 08/23/2019 11:00
Online furniture retailers are stepping further into the world of physical retail with permanent brick-and-mortar stores. Wayfair, for instance, opened a store at the Natick Mall in suburban Boston, where consumers can experience products firsthand before making a purchase, after debuting a pop-up shop there last year. The new location comes with a digital innovation, […]
PYMNTS.com 08/23/2019 10:54
In an all-cash deal, Hasbro will purchase Entertainment One for 3.27 billion pounds or roughly $4 billion in cash. The deal is said to offer new exposure to the Power Rangers and Nerf toymaker, CNBC reported. Hasbro Chief Executive Officer Brian Goldner said, according to the report, “Hasbro will leverage eOne’s immersive entertainment capabilities to […]
PYMNTS.com 08/23/2019 08:00
FinTech service provider WEX signed on with Phillips 66 to handle exclusive private label and universal fleet card services, Verdict reported on Wednesday (Aug. 21). “We’re proud to deepen our relationship with Phillips 66 and to leverage its powerful market presence, which has expanded nationally over the last few years,” said Jay Collins, Senior Vice […]
PYMNTS.com 08/23/2019 08:00
Credit card startup Brex announced it is teaming with the Magento Technology Partner program, which is part of Adobe, in a press release Thursday (Aug. 22). Benefits of the Brex eCommerce credit card include an open line of credit, 60-day payment terms and interest-free financing. This partnership is part of a growing list of technology […]
PYMNTS.com 08/23/2019 08:00
Payroll provider OnPay is collaborating with accounting software company Xero to bring back-office services to the agricultural industry, Accounting Today reported on Wednesday (Aug. 21). Farms and ranches in the U.S. that already use Xero for payroll, HR and benefits, will find additional benefits and easier bookkeeping with the Xero-OnPay collaboration. Customers will be able […]
PYMNTS.com 08/23/2019 06:55
Some early supporters of Facebook’s proposed cryptocurrency Libra, spooked by the intense regulatory scrutiny both national and worldwide, want to distance themselves from the project, according to a report by The Financial Times. The Libra Association, a coalition of 28 members put together by Facebook to help bring the cryptocurrency to fruition, includes Visa, Mastercard, […]
PYMNTS.com 08/23/2019 06:28
Blockchain firm Pundi X has announced that Venezuela’s largest chain of department stores will implement the XPOS, the blockchain-powered point-of-sale device, across its 49 stores around the country. Traki customers will be able to use various cryptocurrencies as payment options for the retailer’s products. “Traki has been one of the early adopters of cryptocurrencies in […]
PYMNTS.com 08/23/2019 05:38
Groupon’s chief financial officer has stepped down. The Chicago-based company revealed that CFO Michael Randolfi, who has been with the company since 2016, is resigning, effective Friday (Aug. 23), to pursue another opportunity. “The CFO was more than just a CFO,” said Tom Forte, a senior research analyst at D.A. Davidson & Co., according to […]
PYMNTS.com 08/23/2019 04:45
Amazon is acquiring a 49 percent stake in Future Coupons, which is owned by India’s second largest retail chain, Future Retail. The news was revealed in a regulatory filing by Future Retail. An Amazon spokesperson told TechCrunch the investment would “enhance Amazon’s existing portfolio of investments in the payments landscape in India,” adding that “Amazon […]
PYMNTS.com 08/23/2019 04:22
New data shows that retail sales in the UK are taking a pre-Brexit nosedive, falling in August at the fastest pace since December 2008. The Confederation of British Industry’s gauge of retailers, which is the difference between those reporting rising and falling sales, fell to -49 in August from -16 in July, the second weakest […]

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