- Monday 6th May - 4:41 pm
We may be witnessing the beginnings of a great pullback in consumer spending.
At least in some areas. As paycheck-to-paycheck living remains a reality for most U.S. consumers, the strategies are multipronged: trading down, ...
- Monday 6th May - 3:27 pm
As Amazon gains share in hobby retail categories, specialty retailers such as Sam Ash are taking a hit. The music retailer announced Thursday (May 2) that it is closing all its stores.
“It is with a heavy ...
- Monday 6th May - 11:50 am
Phone, keys, wallet. That’s the daily routine that tens of millions if not billions — of people undergo each morning when checking their pockets or purses before they leave their ...
- Monday 6th May - 11:42 am
China’s Ant Group is reportedly looking to expand use of its payments product Alipay+.
“What we found is that people want to use their home e-wallets when they travel abroad. So they don’t want to ...
- Monday 6th May - 11:18 am
Despite news about rising inflation and stalled interest rates, recent PYMNTS Intelligence data confirms that many of the small and medium-sized businesses (SMBs) that dot Main Street USA are demonstrating ...
- Monday 6th May - 4:00 am
A new global business identity platform is on the scene, enabling banks, FinTechs and enterprises to verify and onboard businesses of all sizes, particularly smaller businesses. Four years and hundreds ...
- Friday 3rd May - 4:03 am
As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands.
Walmart announced Tuesday (April 30) the launch of bettergoods, its largest private-brand food ...
- Thursday 2nd May - 7:27 pm
Block, owner of Cash App and Square, is also a huge owner of bitcoin.
This, as the company’s latest first quarter 2024 earnings results revealed that the company’s $200 million investment in bitcoin grew by around 160% ...
- Thursday 2nd May - 7:10 pm
Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its multifaceted business Thursday (May 2). ...
- Thursday 2nd May - 5:35 pm
This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last July.
The move went against the ...
- Thursday 2nd May - 5:24 pm
In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage.
PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of total accounts payable volume. One-third of ...
- Thursday 2nd May - 1:44 pm
Chase introduced a series of payments-oriented tools aimed at small- to medium-sized businesses (SMBs).
The new tools include offerings to help SMB owners electronically create and send invoices and gain better insight into customers, the banking giant ...
- Thursday 2nd May - 12:21 pm
The number of initial claims for unemployment insurance held steady during the week ending on Saturday (April 27).
The total of 208,000 initial claims was unchanged from that of the previous ...
- Thursday 2nd May - 11:41 am
Four years ago, the pandemic began to give wings to contactless payments.
Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has taken flight.
PYMNTS Intelligence data noted earlier ...
- Thursday 2nd May - 9:44 am
It’s been a season of slowing sales for quick-service restaurants (QSRs).
That could mean these fast-food brands have to launch greater promotions to attract cost-conscious diners, Reuters noted in a Thursday (May 2) ...
- Thursday 2nd May - 6:49 am
Mastercard has welcomed six startups to its Start Path program focused on improving payment acceptance.
“The ability to accept electronic payments has been critical to shaping the future of commerce and ...
- Thursday 2nd May - 4:02 am
Most crimes, as the saying goes, are crimes of opportunity.
And that’s bad news for small businesses, whose lack of resources and challenges when accessing financing often leaves them ill-prepared for ...
- Thursday 2nd May - 4:00 am
Finland did it again. The World Happiness Report (WHR) came out in March. For the seventh straight year, it was No. 1. Keeping the top spot on a “best” list for ...
- Wednesday 1st May - 5:59 pm
As consumers continue to feel the economic strain, they are cutting back on buying boutique, handmade items from independent creators, per Etsy’s latest earnings call.
The marketplace shared in its first ...
- Wednesday 1st May - 3:24 pm
Construction spending in the U.S. declined unexpectedly in March after being unchanged in February.
Data from the Census Bureau released Wednesday (May 1) showed spending at a seasonally adjusted annual rate of $2.083 trillion, 0.2% ...
- Wednesday 1st May - 1:35 pm
Mastercard said in its most recent earnings report on Wednesday (May 1) that the shift to digital payments from cash is gaining strength, and contactless and tokenized transactions are proving ...
- Wednesday 1st May - 11:29 am
Consumers are willing to spend an arm and a leg on their weddings — possibly more than once, according to David’s Bridal.
In an interview with PYMNTS alongside the Wednesday (May 1) ...
- Wednesday 1st May - 11:12 am
Payments are the lifeblood of any business, but for small businesses, they are particularly crucial.
And with the news that, in the last 12 months, Main Street businesses have operated with ...
- Wednesday 1st May - 10:35 am
Nine out of 10 industry sectors monitored by ADP posted job gains in April.
The sole exception was the information sector, which lost 4,000 jobs during the month, the human resources ...
- Tuesday 30th April - 7:43 pm
Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries.
“Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web page said. “Fitbit Pay will no ...
- Tuesday 30th April - 5:57 pm
Spoiler alert: The title of PYMNTS Intelligence’s new report, “Why 60% of Gen Z’s Live Paycheck to Paycheck” gives away a key finding. Six in 10 Generation Z consumers say it’s a ...
- Tuesday 30th April - 5:56 pm
In line with the digital transformation sweeping across industries, Six Flags has embarked on a digital transformation initiative aimed at redefining the guest experience in theme parks. Central to this endeavor ...
- Tuesday 30th April - 3:47 pm
Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30).
Speaking at the bank’s annual meeting, Fraser told shareholders that while consumers remain “healthy and resilient,” they are also ...
- Tuesday 30th April - 12:21 pm
American labor costs rose more than anticipated last quarter, new government data shows.
The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2% last quarter after increasing by an ...
- Tuesday 30th April - 8:47 am
Walmart is expanding its private-label offerings with the debut of “chef-inspired” food brand bettergoods.
Announced Tuesday (April 30), bettergoods represents Walmart’s largest private-brand food rollout in two decades, the company said in a news ...
- Tuesday 30th April - 4:02 am
More than 34% of Americans rent their homes, representing billions of dollars in monthly rental payments to landlords and property managers. Despite this large sum, rent payments often rely on ...
- Tuesday 30th April - 4:00 am
In the midst of chaos, there is also opportunity.
That quote, from Sun Tzu’s “The Art of War,” dates to the fifth century B.C.
But it is just as relevant today, as businesses around the globe ...
- Monday 29th April - 1:47 pm
Reem Finance, a financial services provider in the United Arab Emirates (UAE), has partnered with Visa to expand its offering of digital payment solutions.
With the new strategic partnership agreement signed by the ...
- Monday 29th April - 1:14 pm
Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector.
The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from nine countries and regions.
Among the eWallets ...
- Monday 29th April - 6:43 am
Credit card delinquency rates fell last month as consumers continued to spend.
As Seeking Alpha reported Sunday (April 28), the average delinquency rate dipped from 3.09% in February to 2.92% in ...
- Monday 29th April - 4:01 am
There’s no shortage of analysis these days about the effect inflation has had — and will have — on the banking and payments industry. But there are other implications as ...
- Friday 26th April - 7:33 pm
The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and financial services providers.
During the first ...
- Friday 26th April - 10:59 am
The latest data on personal consumption notes that spending is outpacing the growth in disposable income.
And as a result, consumers are dipping into savings to keep their spending apace.
The latest ...
- Friday 26th April - 4:01 am
Companies can leverage customer data and use technology to prosper in uncertain times, i2c Global Head of Operations John Bresnahan writes in the new PYMNTS eBook, “The Implications of Uncertainty.”
The ...
- Friday 26th April - 4:00 am
For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week.
Earnings Begin to Trickle In
Oportun shares soared 32.5%.
The company this ...
- Thursday 25th April - 7:11 pm
Stripe is bringing back crypto payments after stopping them in 2018.
John Collison, co-founder of Stripe, said in a Thursday (April 25) post on X (formerly Twitter): “Crypto is back.”
Crypto is back. @Stripe ...
- Thursday 25th April - 5:02 pm
OneShield has partnered with One Inc to deliver a digital payment solution for the insurance industry.
One Inc’s payment product integrations designed for the insurance industry will now be accessible through OneShield’s customer-facing marketplace of insurance technology ...
- Thursday 25th April - 4:54 pm
Trying to balance inflationary pressures and the need to allow themselves at least some indulgences, shoppers are trading up on beer but not springing for premium wine and spirits.
Heineken reported ...
- Thursday 25th April - 12:44 pm
Dutch payments firm Adyen saw its digital processed volume leap 51% year over year during the first three months of 2024.
This happened during a quarter in which the company’s total ...
- Thursday 25th April - 12:24 pm
Innovation is a key factor in any company’s ability to succeed in the long run.
And so are the ways in which they pay and get paid. That’s why, within the ...