News

Digital Banking
JPMorgan’s Deep Pockets and Digital Banking Push Should Worry Neobanks
May 24, 2022

To build a business from the ground up takes money. 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...

Retail
From Aging Cars to EVs to Record Gas Prices, Auto Parts Retailers Face Big Changes
May 24, 2022

The American love affair with cars may still be intact but that special, 100-year-old relationship has never faced more changes and challenges at one time than it is right now.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
AP Platform Finexio Teams Up With Banc of California
May 24, 2022

Accounts payable (AP) Payments-as-a-Service (PaaS) platform Finexio announced that it has formed a partnership with California business bank Banc of California. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Best Buy Revises Its FY23 Plans After Q1 Struggle
May 24, 2022

Best Buy hasn’t been able to withstand the economic triple whammy of a pandemic, supply chain snags and a looming recession as well as some other brands, and that struggle has the company rethinking what lies ahead for it the rest of this fiscal year....

Investments
Shoppable Video Firm Firework Raises $150M at $750M Valuation
May 24, 2022

Firework, a company that creates livestream video shopping events for retailers, has raised $150 million in a Series B funding round, according to a Tuesday (May 24) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Abercrombie & Fitch Facing Transition Period
May 24, 2022

Abercrombie & Fitch expects to close about 30 stores this year as it continues to focus on its transition to omnichannel retail sales, company officials said Tuesday (May 24) on an earnings call with investors and analysts. Get the Full Story Complete the form to...

Retail
Walmart Ups Drone Delivery Comp With Amazon, Expands Program to 6 States
May 24, 2022

Ask a Walmart executive, “What’s up?” these days and chances are they’ll say “drones.” 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...

eCommerce
Customization Is the Future and the Growth Driver for Online Marketplaces
May 24, 2022

Marketplaces have proven their value over and over again by bringing consumers a wider variety of offers at better prices than they can find almost anywhere else.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB Calls on States To Expand Enforcement Efforts
May 24, 2022

The Consumer Financial Protection Bureau (CFPB) issued on Thursday, May 19 a new interpretative rule seeking to bolster the states’ enforcement actions to protect consumers. By clarifying the scope of state enforcement under the Consumer Financial Protection Act of 2010 (CFPA), the bureau expects states...