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International
JPMorgan Asks For Full Stake In Chinese Securities Venture
June 03, 2021

J.P. Morgan Chase is seeking regulatory approval to obtain full ownership of its securities joint venture in mainland China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

eCommerce
Dr Oz Onboard As Intrinsic Raises $113 Million To Buy Amazon Sellers
June 03, 2021

Health and wellness company Intrinsic has raised $113 million in funding, the company said in a Thursday (June 3) press release. The company focuses on buying brands that are selling on eCommerce giant Amazon. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Crypto’s Troubling Rise And Role In Growing Ransomware Attacks
June 03, 2021

Growing instances of bitcoin being used to demand ransom payments suggest that the best-known cryptocurrency is gaining popularity among cyber criminals. From pipelines to meat processors, reports of bad actors seeking to disrupt supply chains and transportation hubs are on the rise, along with demand...

International
Mexico Payments Firm Prosa Shops For Buyer, Seeks $1 Billion
June 03, 2021

With Latin America a hot market for the expansion of digital payments, Mexico’s Prosa is looking for a buyer that will pony up more than $1 billion, Reuters reported. Sources said that the sales process is attracting interest from a number of large payments and...

Retail
The North Face Addresses Inclusion Issue For Outdoor Gear And Exploration
June 03, 2021

Now that U.S. consumers are finding it safer to return to pre-pandemic activities, The North Face wants to make sure they get outside. And that means everyone. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
PVH Increases Full-Year Outlook As D2C Revenue Soars
June 03, 2021

PVH, whose stable of brands includes names such as Tommy Hilfiger and Calvin Klein, reported its total direct-to-consumer (D2C) revenue surged by 66 percent in the first quarter of 2021 from the prior year period, according to an announcement. Get the Full Story Complete the form...

Retail
BJ’s Wholesale Club Unveils BNPL Option With Citizens Bank
June 03, 2021

BJ’s Wholesale Club has tapped Citizens Bank to provide Citizens Pay as a buy now, pay later (BNPL) payment option for members to finance purchases in excess of $99, according to a Thursday (June 3) announcement. Get the Full Story Complete the form to unlock...

Retail
Walmart, Target Announce Sales Events To Match Amazon’s Prime Day
June 03, 2021

As if on cue, Walmart, Target and other retailers are moving to dilute Amazon’s just-announced annual Prime Day event on June 21 and 22 by revealing their own plans to hold competing sales later this month. Get the Full Story Complete the form to unlock...

B2B Payments
Commercial Cards Usher In A Return For Corporate Spending
June 03, 2021

Expense management is a popular bedfellow of corporate card technology, and it continues to gain traction in this week’s Commercial Card Innovation Tracker. But FinTechs are embracing other use cases, especially for virtual cards, as business travel and the demand for digitizing B2B payments heat...