News

B2B Payments
Voices of the CFO: Digitizing B2B Payments From First Steps to Sprinter Vans
August 17, 2022

Chief financial officers (CFOs) have never been ones to shy away from a challenge, and so far this year, they’ve certainly had their share of them to contend with. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Lowe’s Looks To Personal Income, Aging Homes to Extend Home Improvement Trend
August 17, 2022

The nesting trend continues but at a clipped pace for home improvement retailer Lowe’s as DIY projects popular for the past two-plus years are nudged out as consumers with reduced buying power shift spending priorities to essentials and away from lifestyle. Get the Full Story...

Retail
Best Buy Jumps Into Hearing Aids After FDA Clears OTC Sales
August 17, 2022

Best Buy will begin offering Food and Drug Administration (FDA)-regulated hearing aids, following a ruling this week by the federal government allowing over-the-counter (OTC) sales of the devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
TJX Surprised by Weakness in Demand as Inflation Crimps Spending
August 17, 2022

Off-price apparel retailer TJX said Wednesday (Aug. 17) that demand for home-related items was weaker than expected as inflation dampened consumer spending, leading to a surprise 5% drop in same-store sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
COVID Fraud Could Hit $163B, Experts Say
August 17, 2022

While 1,500 people have been charged with pandemic fraud and 450 have been convicted, investigators are still chasing down abundant leads in what could top $163 billion illegally siphoned from COVID unemployment insurance (UI) benefits alone. Get the Full Story Complete the form to unlock...

Banking
Cross River Bank on FIs’ Growing Brand Necessity of Embedded Banking
August 17, 2022

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 from PYMNTS and...

Security & Fraud
Authorized Push Payment Fraud Is Fastest Growing Scam for One Good Reason
August 17, 2022

The financial services industry has done a good job safeguarding consumers from third-party fraud — that age-old ruse in which bad actors steal personal information, card numbers or passwords to access victims’ bank accounts. Get the Full Story Complete the form to unlock this article...

eCommerce
Are Apparel Resellers ‘Uniquely Positioned’ or Fighting an Uphill Battle?
August 16, 2022

With inflation and economic uncertainty currently causing an instinctive recoil by many consumers when it comes to splurging on non-essentials, a week’s worth of insight and commentary from several of the nation’s top apparel resellers has sparked a bit of a debate and a rethink....

Security & Fraud
SEC Charges 3 in Connection With 2017 Equifax Data Breach
August 16, 2022

Three individuals have been charged with illegally tipping and trading in the securities of Equifax before its public announcement of a big cyber intrusion and data breach from 2017, the SEC reported. Get the Full Story Complete the form to unlock this article and enjoy...