The number of U.S. banks has dropped from an all-time high of 30,456 in 1921 to 4,377 at the end of 2020, a drop of 86% — and that decline isn’t likely to end, said William R. Emmons, an assistant vice president and lead economist...
European payments and transaction platform Worldline has joined forces with eCommerce marketplace and shopping app Joom to expand payment offerings in Russia, according to a Thursday (Dec. 9) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Any college-level Business 101 course makes at least a cursory mention of cannibalization, in which companies can inflict unintentional harm as new products edge out existing ones without a net gain, or by selling in cross-channel ways that redirect sales rather than increasing them. Get...
Frustrations over delayed payments are on the rise, prompting businesses to upgrade their B2B transactions and other payment processes. In fact, 51% of firms are planning to digitize their payments within the next few months, according to the Next-Gen Digital Payments Report, a PYMNTS and...
By all accounts 2021 stands as a strong year for equities. 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...
The credit billing platform Resolve has raised $25 million in strategic equity funding, money the firm says will help meet the demand of B2B companies looking to embed buy now, pay later (BNPL) tools into their payment workflows. Get the Full Story Complete the form...
The digital money transfer platform Wise says it can now offer B2B transfers in China in the Chinese yuan (CNY) from eight currencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In recent years, there’s been a collective realization that loyalty programs are generally not engaging or valued enough by consumers to even know they belong — forget using them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The spend management platform Yokoy has collaborated with Visa on a new debit card for businesses for companies operating in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
