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Vitamin Retailer GNC Files ‘Prepackaged’ Chapter 11 Plan

PYMNTS

Vitamin store chain GNC Holdings filed a “prepackaged” Chapter 11 bankruptcy plan, saying it has an offer to sell the company for $760 million and has backing from some 90 percent of its creditors, according to a statement. The retailer, along with Harbin Pharmaceutical Group Holding Co.,

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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. This same research suggests that more than 75 percent of all digital shifters say they plan to keep some or all of their digital habits.

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DoL’s Retirement Security Rule & PTE 2020-02 Amendment: What Advisers Need to Know Now About Giving Rollover Advice After Sept 23, 2024

Nerd's Eye View

On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the "Final Rule"), which imposes an ERISA fiduciary standard "that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts ".

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Young B2B FinTechs Secure Their Seed Rounds

PYMNTS

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. based startup that announced a $1 million seed investment round that it plans to use for growth and product development. Bookkeeper360. With headquarters in both the U.K.

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Enterprise Security Returns To Top Of B2B Investment Mountain

PYMNTS

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

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How Decathlon Deployed QR Codes For Seamless And Secure Contactless Payments

PYMNTS

Many businesses, including French sporting goods retailer Decathlon , which has 1,647 stores worldwide and two in the U.S., Decathlon faced its share of security and customer acceptance challenges when rolling out its QR code system as an alternative to cash payments. Why And How Retailers Implement QR Code-Enabled Payments.

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Zopa Secures UK Banking License

PYMNTS

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. But it plans to avoid the interest-free introductory deals common among the nation’s credit card market.

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