News

Retail
As Smash-and-Grab Raids Go Viral, the Retail Industry Is Fighting Back
December 16, 2021

Organized retail crime is running rampant in the run-up to Christmas. As captured on smartphones and closed-circuit video cameras across the U.S. and splashed all over social media, thieves have increasingly taken to smash-and-grab raid tactics. They’re looting stores through their windows and brazenly wheeling...

Retail
Michaels Taps Affirm for BNPL
December 16, 2021

Buy now, pay later (BNPL) platform Affirm on Thursday (Dec. 16) announced it has partnered with arts and crafts retail chain Michaels to allow customers to pay for their supplies over time if they prefer. Get the Full Story Complete the form to unlock this...

B2B Payments
Nium Offers Virtual Cards to US Travel Industry 
December 16, 2021

The payments and card issuance firm Nium has brought its virtual card issuing tool to the U.S., a move the company says will make it easier for travel-related businesses to pay suppliers.  Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Department Store 2.0: Three Key Trends
December 16, 2021

The majority of consumers shop both in-person and virtually. According to PYMNTS data, 88% of consumers make an in-store purchase daily, weekly or monthly. Sixty-three percent say they do so via an online marketplace like Amazon. Additionally, more than half of consumers – 52% –...

Payment Methods
APEXX Global: When Acquirers Compete, Merchants Win
December 16, 2021

Retailers tend to move from one acquirer to another, and most often it’s out of the frying pan, into the fire because they are simply getting a different, slightly less costly service which is not necessarily a better package than what they had before. Get...

B2B Payments
AP Automation Firm Beanworks Intros No-Cost Solution to Ditch Manual Processes
December 16, 2021

Accounts payable (AP) automation firm Beanworks by Quadient is offering a no-cost workflow solution to businesses still entrenched in cutting checks manually and depending on paper processes over digital advances. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Reddit Confidentially Files Draft Registration with SEC for IPO
December 16, 2021

The social media platform Reddit is planning to go public and recently submitted a draft registration statement as part of its S-1 filing with the Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
Finicity CEO: Regulatory Patchwork Holds Back Open Banking Efforts in the US
December 16, 2021

U.S. companies may have made significant progress in bringing innovation to the payment systems that undergird the digital economy, but regulation hasn’t necessarily kept apace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cross-border Payments
Global Merchants Use Payments to Make Online Shoppers Feel at Home
December 16, 2021

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...