News

Retail
Ralph Lauren Uses Metaverse to Target Young Shoppers
January 17, 2022

Ralph Lauren CEO Patrice Louvet said Monday (Jan. 17) at the National Retail Federation’s Big Show that the fashion retail brand is hitching its wagons to the metaverse in a quest to attract younger shoppers, CNBC reported. Get the Full Story Complete the form to...

Banking
Big Bank Earnings Show Consumer Spending’s Continued Resilience
January 17, 2022

As earnings season gets underway, a trio of big bank earnings points to variations on some themes: Consumers are still spending, loan losses seem manageable … and technology underpins it all (and the banks will have to keep spending on tech to keep apace with...

eCommerce
How Behavioral Analytics Leads to Satisfied Shoppers
January 17, 2022

Every customer is different, which is why there are a host of different issues that can keep them from wanting to complete a purchase. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
Software Acts as Digital Lawyer in Helping EU Firms Comply With GDPR
January 17, 2022

Europe is an active market for legal tech, with the European B2B legal tech market expected to generate revenues of close to $6 billion by 2025 according to data from Statista. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
Legal Spat Over FinTech Bank Charters Spotlights Deposit Insurance Debate
January 17, 2022

The regulatory path forward for FinTechs seeking to offer banking services on a national scale may have gotten a bit clearer, but it hardly seems shorter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Consumers Still Have ‘Appetite to Spend’ as Omicron Dip Seen as Temporary
January 17, 2022

Amidst a surge in the omicron variant of COVID-19 and a weaker-than-expected slump in December retail sales, pessimism has gotten the best of many consumers and shaken their confidence for the year to come, but TD Bank Head of Retail Card Services Mike Rittler is...

Investments
Exotec Raises $335M to Streamline Robotics Supply Chain
January 17, 2022

Global warehouse robotics company Exotec has closed a Series D funding round for $335 million at a $2 billion valuation, and it plans to use the fresh capital to launch large-scale deployments in North America, Europe and Asia for a number of global brands, according...

Retail
Peloton Prices Will Rise 15% as Connected Fitness Firm Ends Free Delivery and Assembly
January 17, 2022

Peloton customers will pay an extra $250 for delivery and assembly of its Bike and another $350 for its Tread starting Jan. 31 due to inflation and increasing supply chain costs, CNBC reported Sunday (Jan. 16). Get the Full Story Complete the form to unlock...

B2B Payments
Companies Look Beyond Hype, Show Preference for AP Solutions That Work
January 17, 2022

At a time when there’s both an expanding economy and a labor shortage, businesses are finding it difficult to handle the volume of transactions, alongside an increase in manual work. While many are using software, digital tools and automation to get the job done, not...