News

Retail
Retail Sustainability Trend Goes From Resale to Refuse With Furniture Made From Trash
February 23, 2022

It’s been said that “one person’s trash is another’s treasure,” and a New York furniture maker is literally bringing that old saw to life, while looking to tap unprecedented consumer demand for sustainable, reusable products that cut waste and reduce stress on the environment. Get...

Biometrics
Facial Recognition Company Clearview AI Seeks Gov’t Deals Despite Regulatory Woes
February 23, 2022

The CEO of Clearview AI, the New York-based facial recognition company, has told Reuters that his goal this year is to ink deals with the United States government and expand his team by one-third. Get the Full Story Complete the form to unlock this article...

Retail
TJX FY22 Optimism Dampened by Stock Price Drop
February 23, 2022

Discount apparel and home goods retailer The TJX Companies missed analysts’ expectations in its fiscal 2022 fourth-quarter and full-year earnings, in part because of the spread of the omicron variant of the COVID-19 pandemic causing store closures, according to the company’s announcement Wednesday (Feb. 23)....

Retail
Home Depot, Macy’s, Walmart Push Omnichannel Integration of in-Store and Online Retail
February 23, 2022

Simply put, the past three months have not been pretty for many of the nation’s major retailers, with the S&P Retail Industry Index (XRT) falling nearly 30% since its mid-November peak. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Target to Test Curbside Returns, Starbucks Orders
February 23, 2022

Target will begin giving customers the option of adding a Starbucks order or making a return while using the retailer’s contactless curbside service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Digital Banking
UK Digital Bank Zopa Introduces Hybrid Savings
February 23, 2022

Digital bank Zopa is introducing a hybrid savings account with multiple stash “pots” and the opportunity for boosted interest rates based on length of deposit time and withdrawal notice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
German Virtual Bank Penta Aims for $500M Valuation
February 23, 2022

German digital business banking platform Penta is speaking with potential investors as it seeks a valuation of between $453 million and $567 million (400 million to 500 million euros). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

eCommerce
eCommerce Platform BigCommerce, Digital River Team on All-in-One Cross Border Commerce Solution
February 23, 2022

Open Software-as-a-Service (SaaS) eCommerce platform BigCommerce has announced its integration with Digital River, which works in global commerce, to offer mid-market to enterprise merchants with a commerce solution, according to a Wednesday (Feb. 23) press release. Get the Full Story Complete the form to unlock...

B2B Payments
Sea Change in Sourcing Drives Demand to Browse and Buy New Products on B2B Platforms
February 23, 2022

Product discovery platforms came to the forefront in early 2020 with the start of the pandemic and the cancellation of trade shows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...