News

Cross-border Payments
MoneyGram Powers Remittances for UAE’s Jingle Pay App
October 04, 2022

Money transfer service businesses MoneyGram International and Jingle Pay announced a partnership Tuesday (Oct. 4) to enable global money transfers through the Jingle Pay app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Bank of America Adds $100M in Low-Cost Deposits to Minority-Led Banks
October 04, 2022

Bank of America is adding $100 million in low-cost deposits to minority depository institutions (MDIs), doubling its existing $100 million in deposits in MDIs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Loyalty & Rewards
Giant Food Offers Private-Label Rewards Incentives as Name Brands Push Back
October 04, 2022

As grocers compete to take advantage of consumers’ inflation-driven shift to home dining, many are finding that their private-label offerings are the best tool at their disposal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Poshmark Buyout Reflects Hidden Value Within Battered Resale Industry
October 04, 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...

Retail
Discount Tire Debuts Omnichannel Concept Store to Speed Auto Service
October 04, 2022

Tire and wheel retailer Discount Tire has introduced “Pit Pass,” a concept store designed to help customers get serviced faster in a “drive-thru experience.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Retail Vacancy Rate Hits 15-Year Low
October 04, 2022

Retail vacancies in the United States dropped to 6.1% in the second quarter, a 15-year low, as Americans continued to resume in-store shopping. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cross-border Payments
48% of Companies Looking for Enhanced Cross-Border Payment Solutions
October 04, 2022

At a time when an increasingly large number of businesses are getting involved in international trade, including smaller ones, it is unsurprising that the need for help remitting payments to suppliers all over the world is rising commensurately. Get the Full Story Complete the form...

Cross-border Payments
FX Hedging Strategies Get Fresh Look From SMBs Amid Pound’s Slump
October 04, 2022

Predictable foreign exchange (FX) markets are what cross-border and import-export businesses seek in general. It’s easy to make plans on the assumption that exchange rates won’t change drastically. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
At Stanley Black & Decker, Finance Automation Replaces Finance Jobs
October 03, 2022

Declining profits at iconic tool maker Stanley Black & Decker recently led to cost-cutting layoffs, with reports the firm is laying off 1,000 finance employees amid larger cuts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...