News

Retail
Retailers Scramble for Every Conversion as JPMorgan’s Dimon Highlights Looming Recession
October 11, 2022

If it was anybody other than the CEO of the nation’s largest bank, it would be easier to ignore. But when J.P. Morgan’s Jamie Dimon puts the country on a six-to-ninth-month recession alert, it’s hard not to take note. Get the Full Story Complete the...

Retail
Real Time in-Store Inventory Data Is the Consumer Hook Big Retail Needs
October 11, 2022

Big retail has its work cut out for it. 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
Hollister Adds Tech That Lets Teens Shop, Parents Pay
October 11, 2022

Noting that it’s often the case that when teens shop, it’s their parents or grandparents who pay, teen-oriented clothing retailer Hollister has launched a new way for its customers to complete purchases.  Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Youth-Focused Finance Platform Step Raises $300M
October 11, 2022

Step, a financial platform aimed at teens and young adults, has raised $300 million in debt funding, bringing the company’s total raised capital to $500 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
Spreedly Expands Offerings With Global Support Infrastructure
October 11, 2022

Spreedly has expanded its offerings for customers, the payments orchestration platform announced Tuesday (Oct. 11). 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
Wayfair Moves Entire Data Center Operations to Cloud
October 11, 2022

In a bid to boost flexibility and better manage demand surges, online home furnishing retailer Wayfair has migrated its entire data operations to the cloud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Mobile Commerce
New PayPal Zettle Terminal Shakes Up and Wakes Up US Mobile POS Space
October 11, 2022

In a move well-timed for the resurgence of physical retail ahead of holiday foot traffic, PayPal is bringing its PayPal Zettle Terminal mobile POS solution — ‘Terminal’ for short — to U.S. retailers with a set of features to make it an attractive checkout tool for...

B2B Payments
Startup CFO Says Tight Funding Market Creates More Sustainable Businesses
October 11, 2022

When Quan Zhang, joined specialty healthcare startup Thirty Madison last month to become the company’s new chief financial officer (CFO) following a 20-year stint at Pfizer and Sanofi, she was prepared for — and looking forward to — the change. Get the Full Story Complete...

Banking
Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
October 11, 2022

Bank loan-loss reserves are expected to increase for the third month in a row to as much as $4.5 billion as the nation’s six largest financial institutions finish crunching numbers for third-quarter earnings reports later this week and next.  Get the Full Story Complete the...