News

Cross-border Payments
Swift Launches Cross-Border Instant Payments
November 30, 2023

Global messaging platform Swift says cross-border payments to Europe can reach their destination in seconds. 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 to our daily newsletter,...

Cross-border Payments
Cross-Border Payments Complexities Force Focus on ‘Customer Experience,’ Says Citi
November 30, 2023

The promise of embedding payments in cross-border commerce is a multitrillion-dollar opportunity, Amit Agarwal, Global Co-Head of Payments and Receivables, Treasury and Trade Solutions (TTS) at Citi, told Karen Webster. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
The Year That Led to Farfetch’s Earnings Call No-Show 
November 30, 2023

After a year filled with surprising developments, Farfetch appears to be continuing its trend of unexpected moves. The online luxury retailer revealed this week that it will not be disclosing its financial results for the third quarter of 2023, and the scheduled conference call for...

Artificial Intelligence
This AI Pioneer Says the Tech’s Best Applications Are in Payments 
November 30, 2023

With knowledge comes power, and that fact is particularly true when using artificial intelligence (AI).  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 to our daily newsletter,...

Retail
Five Below Says ‘Value and Fun’ Drive Better-Than-Expected Sales
November 29, 2023

Specialty discount retailer Five Below said it is driving sales by offering customers both value and fun. 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 to our daily newsletter,...

Artificial Intelligence
Humanity-First Corporate Structures Highlight AI’s Growing Mind-Body Problem
November 29, 2023

The companies developing the newest generational artificial intelligence (AI) tools are hoping to change the world.  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 to our daily...

Banking
FDIC Reports Banks Remain Resilient as Net Income Stays High
November 29, 2023

The aggregate net income for the 4,614 Federal Deposit Insurance Corporation (FDIC)-insured institutions during the third quarter was $68.4 billion, representing a 3.4% decrease from the previous quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Foot Locker: Sales Bump Shows Personalized Retail a Good Fit
November 29, 2023

Foot Locker saw strong financial results over Thanksgiving weekend, and the sneaker and sportswear retailer decided to make a quick pivot in its full-year forecast, showing slightly improved sales trends attributed to its new approach to its retail stores, which aim to offer more than...

Retail
Richemont Has No Plan to Invest in Luxury Brand Farfetch
November 29, 2023

Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch. 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 to our daily newsletter, PYMNTS Today. By completing this...