News

Retail
Yeezy Opens Location and Holds Fashion Show Near Adidas
May 05, 2023

Kanye West has reportedly set up a location on Melrose Avenue in Los Angeles — on the same block as an Adidas store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
An Industry Insider on Community Banks’ Potential to Prosper With BaaS
May 05, 2023

Community banks have a unique opportunity to tap into the $22 billion market opportunity created by platforms and FinTechs in enabling embedded finance for their end users, as examined in detail in this new report.

Retail
40% of Retail Shoppers Have Switched to Cheaper Merchants to Save Money, Study Finds
May 05, 2023

Inflation has caused competition in retail and grocery to intensify as businesses fight for a smaller and smaller piece of the revenue pie. More than half of grocery shoppers and more than two-thirds of retail shoppers are cutting back on nonessential spending. PYMNTS’ data shows...

Payment Methods
Economic Headwinds Force Hard Look at What Drives Customer Value, Says FlexPay COO
May 05, 2023

PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Trevor Murphy, COO and co-founder of payment authorization management platform FlexPay, says opportunities still exist despite market headwinds and...

Fintech Investments
NerdWallet and SoFi Earnings Blunt FinTech IPO Gains as Index Adds 1.4%  
May 05, 2023

A spate of earnings reports rolled in through the past week, and a rough parity between gaining stocks and decliners held the FinTech IPO Index to a 1.4% gain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payment Methods
Fiserv TXT2PAY Gives Software Platforms New Conversational Commerce Tools
May 05, 2023

Texting is ubiquitous.  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, you agree to receive marketing communications...

Retail
Carvana Expects Return to Profitability in Q2 After Cutting Costs
May 04, 2023

Carvana expects to return to profitability in this quarter after cutting costs. 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...

Artificial Intelligence
White House Says Companies Must Ensure AI Systems Are Safe
May 04, 2023

White House officials met with leaders in the artificial intelligence (AI) field after announcing actions on 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...

Investments
HV Capital Closes $782 Million Fund for ‘Technology Disruptors’
May 04, 2023

Germany’s HV Capital says it has closed a €710 million ($782 million) fund targeting “high-growth” firms. 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...