News

Retail
Amazon, Walmart Incentivize eGrocery Spending with Deal Days
July 14, 2022

As mega-retailers compete for consumers’ food spending, Amazon is pulling out all stops to minimize Walmart’s grocery lead. During its Prime Day event Tuesday and Wednesday (July 12-13), Amazon touted grocery savings for Prime members, and the retailer had a range of deals and discounts...

Retail
Amazon, Walmart Lead Retail Innovation as Spiraling Packaging Costs Can’t Be Ignored
July 14, 2022

As the widespread and indiscriminate impact of inflation puts increasing strain on consumers and businesses alike, retailers and their suppliers have begun to seek savings and innovation in seemingly mundane areas that historically have been relegated or ignored. Get the Full Story Complete the form...

Retail
Fast Retailing Raises Annual Earnings Expectations After Record Q3 Showing
July 14, 2022

Uniqlo parent company Fast Retailing is joining others in the fast fashion world by raising prices on fleece items at a time when shoppers are looking for every possible bargain they can find — but seem not to mind paying full price or a higher...

Investments
Vehicle Financing Firm Moove Raises $20M
July 14, 2022

South African mobility FinTech Moove has raised $20 million in financing from Absa Corporate and Investment Banking (CIB), the Johannesburg company announced Thursday (July 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
The Data Point: Younger Consumers Seek Convenience of Bundled Banking
July 14, 2022

In a world of disintermediated financial products, consumers still show a strong propensity for one banking relationship that brings it all together — and many will switch to get that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
UK Retirement Tech Firm Smart Raises $47M
July 14, 2022

Smart, a London-based company that provides retirement technology, has raised 40 million pounds ($47.5 million) in growth financing from CIBC Innovation Banking, according to a Thursday (July 14) press release. Smart will use the funding to expand its market growth, launch new products and make...

Faster Payments
Corporate One Federal Credit Union on the Impact of Larger RTP® Network Transactions
July 14, 2022

The RTP® network raised the bar for real-time payments with its $1 million transaction limit. In the "Real-Time Payments Tracker®," Corporate One Federal Credit Union CEO Melissa Ashley tells PYMNTS about other ways the limit increase is changing the game, from housing to cars to...

Banking
Embedded Finance Experiences Should Be as ‘Easy as an iPhone’
July 14, 2022

Jim McCarthy, president of i2c, told PYMNTS’ Karen Webster that banking is sure to follow the “embedded path” we’ve seen pretty much everywhere else in life. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Loyalty & Rewards
For Consumers at Checkout, Cash Back, Not Coupons, Is King
July 14, 2022

Unraveling mysteries of the consumer psyche stumps the best of them, but this much seems clear: Consumers react differently to discounts versus cash back, and that’s a vital distinction in 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited...