News

Retail
Separation of Store, eCommerce Operations Draws Increasing Interest
October 11, 2021

Decades ago, when consumers had only one way to shop — in store — retailers were able to focus all their efforts on optimizing that experience. But as eCommerce has risen and accelerated, brands have had their attentions divided between digital and physical, with online...

Retail
Conversational Commerce May Be ‘Significant Portion’ of eCommerce Purchases Within Next Decade
October 11, 2021

As eCommerce continues to accelerate and communication becomes increasingly digital, some retail industry experts expect consumers and brands to begin texting and messaging with each other on a regular basis, leading to the rise of “conversational commerce,” or making purchases without leaving a messaging platform....

Retail
ASOS Chief Executive Exits in Leadership Shakeup
October 11, 2021

British online retailer ASOS on Monday (Oct. 11) said goodbye to CEO Nick Beighton ahead of what’s expected to be a tumultuous period for the company amid supply chain bottlenecks and a return to pre-pandemic shopping habits that could take a 40% bite out of...

Investments
India’s CRED Wants to Reach $5.5B Valuation
October 11, 2021

Six months after a funding round that put its valuation at $2.2 billion, India’s CRED is hoping to double that figure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Citi Study: 44% of Participants Think Equities Timeframe Will Be T+1 in 5 Years
October 11, 2021

A new Citi study shows that 44% of participants think the settlement timeframe for equities will likely be T+1 in the next five years, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
15% of B2B Payments Do Not Reach the Designated Company on Time
October 11, 2021

Sometimes the check really is in the mail, yet it still doesn’t arrive at its destination on time. Other times, online bill payments may not remain fully digital, as current protocols often drop or convert these electronic payments into paper check format due to frictions...

Cross-border Payments
EBA, SWIFT, TCH, Collaborate To Make Cross-Border Payments Faster
October 11, 2021

EBA CLEARING, SWIFT and The Clearing House (TCH) are collaborating on a new initiative, Immediate Cross-Border Payments (IXB), to speed up cross-border money transfers and make the process easier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Paper Checks’ ‘Long Tail’: What It Takes to Move B2B Into the Digital Age 
October 11, 2021

To paraphrase Mark Twain, the death of the check – the paper kind – has been greatly exaggerated. Stubborn things they are – certainly they’ve found wide berth in B2B payments, even though their overall usage has been declining. The pandemic, though, has not been...

Banking
The Ten Year Reset: Highnote CEO Says Embedded Payments Need More Modern ‘Full-Stack’ Tech
October 11, 2021

We are moving toward the age of the super app, toward payments being embedded within experiences rather than being separate from them.  For the smaller firms and FinTechs that want to bring banking services to end users and extend their brands in the process, the...