News

Regulation
Polish Banks Face Fines if They Inhibit Mortgage Payment Holiday Scheme
July 26, 2022

Polish banks could face fines of up to 10% of their annual turnover if they make it difficult for mortgage holders to take advantage of payment holidays, the country’s consumer watchdog said Tuesday (July 26). Get the Full Story Complete the form to unlock this...

Retail
As Walmart Warns, Consumers See Nearly 2 Years of Inflation Pain Ahead
July 26, 2022

Walmart’s profit warning on Monday (July 25) sent shockwaves through already jittery markets, in effect confirming new PYMNTS research showing that over half of U.S. consumers feel worse off financially now than in 2021 — and don’t see substantive relief coming until mid-2024. Get the...

Retail
Amazon to Raise Prime Subscription Price in Europe to Offset Inflation
July 26, 2022

In a bid to offset the increased cost of goods and shipping services, Amazon said it plans to raise the annual fee for a Prime membership by 20% to 43% in five European countries. Get the Full Story Complete the form to unlock this article...

Retail
Walmart Teams With Waldo on Affordable Contact Lens Offering
July 26, 2022

Walmart is launching the latest salvo in its battle with Amazon for healthcare supremacy by partnering with eyecare brand Waldo to offer affordable contact lenses enriched with essential vitamins, including B12, “to help refresh and rejuvenate eyes,” according to a Tuesday (July 26) press release....

Payment Methods
Plaid Pilots Payments Tool to Streamline Recurring Payments
July 26, 2022

Plaid has launched a tool in beta to improve variable recurring payments (VRPs) for individual consumers and businesses in the United Kingdom, according to a Tuesday (July 26) company blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Aaron’s Gets Boost From BrandsMart Acquisition
July 26, 2022

Furniture, appliance and electronics retailer Aaron’s says its recent acquisition of BrandsMart U.S.A. will boosted the company’s short- and long-term fortunes, pointing to both quarterly and full year boost in sales and earnings, according to a company press release. Get the Full Story Complete the form...

Cross-border Payments
Global Mass Payouts Get an Accounting and Finance Makeover
July 26, 2022

For enterprises, going cross-border means building out a network of suppliers and vendors, all in a bid to tap into new consumer bases. Nowadays, more often than not, those “supply chains” are made up of contractors and gig economy workers. Get the Full Story Complete...

Payment Methods
Home Sharing Uses Pricing, Payments Choice to Lure Digital Nomads
July 26, 2022

In the months after the pandemic was declared and offices were closed, the image of the professional “digital nomad” arose — a “have laptop, will travel” persona who moves from locale to locale, ditching the office and working from a succession of desirable places. Get...

B2B Payments
‘Cultural Fit’ Matters When Picking a B2B Payments Partner
July 26, 2022

The days of simply operating with a cash register and credit card machine on the counter are long gone, said Matt Good, senior vice president and general manager of Elan Advisory Services, U.S. Bank. Get the Full Story Complete the form to unlock this article...