News

Banking
The Data Point: Over 40% of Millennials Would Switch to FIs Supporting Local Charities
July 27, 2022

Charity begins at home, as the old saying goes, and that can mean one’s community as well. New data finds a powerful correlation between bank choice and a bank’s charitable standing. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

eCommerce
Worldpay, TossPayments Partner on South Korea eCommerce Expansion
July 27, 2022

FinTech FIS announced in a Wednesday (July 27) press release that its Worldpay service is now available in the fast-growing South Korean market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Skechers Says Growing Consumer Demand for ‘Affordable Comfort’ Drives Record Results
July 27, 2022

The world’s third-largest athletic footwear company, Skechers, said strong consumer demand for affordable comfort drove record quarterly sales results at a time when both of its largest rivals are struggling. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Faster Payments
Fed Says FedNow, Instant Invoices Put Control in Payers’ Hands
July 27, 2022

2023 will be a transformative year for financial services, marked by a new addition to the world of instant payments, Bernadette Ksepka, vice president and deputy head of product management for the FedNow SM Service Program, told PYMNTS in a recent interview. Get the Full...

Cross-border Payments
Customers Prefer Simple, Not Super App, Experience When Sending Money Cross Border, Says Atlantic Money...
July 27, 2022

Most FinTech firms that started out a decade ago came to market with a single, easy-to-use financial product that customers loved — whether it was stock trading, money transfer or international card payments. Get the Full Story Complete the form to unlock this article and...

Investments
Activist Investor Elliott Management Now Has Stake in PayPal and Pinterest
July 26, 2022

Activist investor Elliott Management has reportedly taken an undisclosed stake in PayPal, The Wall Street Journal reported Tuesday (July 26) night, citing unnamed sources familiar with the matter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
RocketFuel Blockchain Launches B2B Cross-Border Settlements Solution
July 26, 2022

RocketFuel Blockchain, which provides payment solutions using cryptocurrencies, announced Tuesday (July 26) that it has debuted a new B2B cross-border settlements solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Social Commerce
Social Commerce Evolution’s in Motion at Instagram
July 26, 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...

eCommerce
Shopify Cutting 10% of Global Workforce
July 26, 2022

Canadian eCommerce company Shopify is slashing 10% of its global workforce or roughly 1,000 people, The Wall Street Journal reported on Tuesday (July 26) citing an internal memo seen by the publication. Get the Full Story Complete the form to unlock this article and enjoy...