News

Retail
Today in Retail: Retail Bankruptcies Tumble 60%; Peloton’s Latest Struggles Cloud Its Future
January 21, 2022

Today in retail, Walmart could take a step into the metaverse, while Peloton continues to test the theory that there’s no such thing as bad publicity. Plus, retail bankruptcies were at their lowest level in a decade last year, dropping from 52 bankruptcies to 21....

B2B Payments
45% of Businesses View Slow Payments as a Primary Pain Point
January 21, 2022

Frustrations over delayed payments are on the rise, prompting businesses to upgrade their B2B transactions and other processes. Today, 45% of businesses view slow payment completion times as one of their main pain points, according to the “Next-Gen Digital Payments Report,” a PYMNTS and Transcard...

Security & Fraud
Intuit’s TurboTax Still Being Probed by FTC Despite Limited Power
January 21, 2022

The U.S. Federal Trade Commission (FTC) is staying the course with its fraud investigation into Intuit’s TurboTax even though the Supreme Court reeled in the agency’s powers to hand down penalties in consumer fraud cases, The Information reported, citing unnamed sources with insider information. Get...

IPO
Digital Bank Chime Readies IPO With Possible $40B Valuation
January 21, 2022

The digital banking service Chime has asked Goldman Sachs Group for assistance in prepping for an initial public offering that could value the company at close to $40 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Loyalty & Rewards
The Generation Gap in Restaurant Loyalty Programs
January 21, 2022

When it comes to restaurant loyalty programs, there is a generation divide. 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...

Loyalty & Rewards
American Airlines, The Points Guy Sue Each Other Over Data Use
January 21, 2022

American Airlines and the travel and loyalty news website The Points Guy (TPG) are suing each other over access to AAdvantage member rewards data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
US Banks Closed Record Number of Branches in 2021
January 21, 2022

American banks closed a record number of retail branches as the industry consolidates and consumers embrace digital banking. 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...

Delivery
Delivery Hero Ends Exclusive Restaurant Deals in Norway After Competition Probe
January 21, 2022

Norway residents will soon have other ways of getting their meals delivered. 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...

International
Singtel, Grab Each Snag 16.3% of Indonesia’s PT Bank Fama
January 21, 2022

Telecom firm Singapore Telecommunications (Singtel) and ride hailing and payments firm Grab Holdings Ltd. each bought 16.3% of Indonesia’s PT Bank Fama International to expand their offering into that nation, according to a Reuters report Friday (Jan. 21). Get the Full Story Complete the form to...