News

Retail
Payment Trends for 2022 Center on Wider Embrace of Omnichannel Experience
December 22, 2021

If the last 20-plus months have taught us anything, it’s to expect technological change to be faster and more profound than before, with payments connecting almost all of it somehow. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Enterprise Buyers Find Suppliers, New Credit Options in B2B Chemicals Marketplace
December 22, 2021

For a glimpse into the potential that digital transformation holds for B2B commerce, you might not find a better example than the world of buying and selling industrial chemicals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Eye Tracking in Retail Shopping Must Benefit the Consumer
December 22, 2021

What if retailers could make judgments — at a glance, if you will — just by where you looked while you shopped? The truth is, eye tracking already exists and is being leveraged to learn about what someone looks at and why, to get a...

International
EMEA Daily: Europe to Account for 28% of X-Border eCommerce in 2022, French Payments Firm...
December 21, 2021

In today’s top Europe, Middle East and Africa news, Europe is set to account for 28% of cross-border eCommerce in 2022, while French payments firm Numeral has snagged $14.7 million in its latest seed round. Plus, the United Kingdom is moving to open banking 3.0,...

Retail
Digital Spin-Offs Are Suddenly in Fashion as Ailing Dept Stores Seek Easy Fixes
December 21, 2021

Forget about faux fur, puffy vests or warm woolen knits; the most fashionable trend at department stores this holiday season has nothing to do with garments, but everything to do with looking good.  This comes as the great department store digital spin-off trend resembles the...

CFPB
CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
December 21, 2021

The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones after the company received too many deceptive marketing complaints, Reuters reported. Get the Full Story Complete the form to unlock...

Bitcoin
Bitcoin Daily: IRS Confiscates Eight Times as Much Crypto in 2021; Deutsche Telekom Supports Blockchain...
December 21, 2021

The IRS confiscated $1.2 billion in cryptocurrencies in 2021, which was an eightfold increase from the 2020 amount of $137 million, CVBJ.biz reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Nationwide Building Society Customers Hampered by Payment Delays
December 21, 2021

British lender Nationwide Building Society said Tuesday (Dec. 21) that inbound and outgoing payments have been delayed all day, and there’s no sign of when the problems will be resolved, BBC News reported. Get the Full Story Complete the form to unlock this article and...

Partnerships / Acquisitions
Alabama’s Avadian Credit Union to Buy Citizens State Bank
December 21, 2021

Avadian Credit Union has agreed to buy Citizens State Bank in its home state of Alabama, in a move that marks the 13th time this year a credit union (CU) has acquired a bank. Get the Full Story Complete the form to unlock this article...