News

Regulation
House Financial Services Committee Announces December Hearing on FTX Collapse
November 16, 2022

The downfall of crypto trading platform FTX has triggered a worldwide regulatory investigation, and now the U.S. House Financial Services Committee is undertaking a bipartisan hearing on the matter in December. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Delivery
Stord Begins Last-Mile Delivery Solution Rollout
November 16, 2022

Cloud supply chain company Stord has begun rolling out a new last-mile delivery solution that chooses a carrier and service level that offers shippers the most efficient and cost-effective option to get a package where it needs to be by the expected delivery date. Get...

Retail
Target Cautious on Q4 as Consumers’ Available Savings and Credit Dwindle
November 16, 2022

The country’s third largest retail chain warned investors that, despite unprecedented promotions aimed at reducing excess inventory, its critical holiday sales season would fall short of expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Retail Report’s Discretionary Spending Pullback Signals Holiday Headwinds
November 16, 2022

Consumers spent more last month than some observers expected. 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 form,...

Retail
Lowe’s Says Home Remodeling Trend Still Strong and Set to Boom
November 16, 2022

The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects rather than face the turbulence and high mortgage rates that are currently crimping housing sales....

Retail
TJX Finds ‘Tremendous Advantage’ in Off-Price Offerings
November 16, 2022

Apparel retailer TJX reported an increase in sales Wednesday (Nov. 16), a development the company’s CEO attributed to consumers “treasure hunting” for the chain’s off-price offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
November 16, 2022

Aiming to determine Japan’s exposure to FTX, the country’s Financial Services Agency (FSA) has reportedly asked local cryptocurrency exchanges if the collapse of FTX and its affiliated companies has affected their businesses. Get the Full Story Complete the form to unlock this article and enjoy...

Fintech Investments
Secured Credit Cards Help FinTechs and Consumers Weather Macro Storms
November 16, 2022

For neobanks, the debit card is no longer going to be enough — not to brave the storm clouds gathering at this moment, and which will last a few years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payments Innovation
Businesses Can Now Embed Payments Through Nuvei for Platforms
November 15, 2022

Canadian FinTech company Nuvei is making embedded payments accessible for businesses as a customer retention tool through its global expansion of Nuvei for Platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...