News

Retail
Retailers Lean on Employees to Do More Amid Labor Shortage
September 24, 2021

Amid a national hiring crunch that’s hitting nearly every industry, retailers have been pulling out all the stops to attract workers, but some are also coming to terms with the fact that it’s time to make do with what they’ve got. Get the Full Story...

Retail
Factory Closures Cause 10-Plus Weeks of Lost Production for Nike
September 24, 2021

Factory closures in Vietnam and Indonesia due to the pandemic have caused Nike to lose 10 weeks of production since mid-July, leading to a revised short-term outlook for the company and warnings that demand will likely outpace supply for the next several quarters. Get the...

Retail
AMZN vs. WMT Weekly: Walmart Cancels Holiday Layaway; Amazon Extends a Hand to SMBs
September 24, 2021

Walmart is getting rid of its typical layaway option ahead of the holiday shopping season, instead pointing consumers to its buy now, pay later (BNPL) option through Affirm, a vote of confidence for the increasingly popular payment solution. Get the Full Story Complete the form...

Retail
Amazon Adds Same-Day Delivery in Atlanta, Miami, Minneapolis
September 24, 2021

Retail giant Amazon is expanding its Same-Day Delivery service to three new metro areas, including Atlanta, Miami and Minneapolis, and expanding the offering in Chicago, the company said in a blog post Thursday (Sept. 23). Get the Full Story Complete the form to unlock this...

Faster Payments
US Bank on How Leveraging Request for Payment Alleviates Friction, Offers Visibility Into the Billing...
September 24, 2021

Billers often suffer from a lack of speed and clarity on their receivables, while payors are frequently stumped over what they owe and to whom. In the Real-Time Payments Tracker, U.S. Bank’s Richard Erario tackles both sides of the problem by pairing real-time payments with...

B2B Payments
EngageSmart Soars 40% in Trading Debut, Reflecting High Demand for Business Payments Solutions
September 24, 2021

For EngageSmart CEO Bob Bennett, it’s all about “getting to nirvana,” which in his universe represents when a company has 100% automated billing as well as 100% auto-payment of bills. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

eCommerce
Payoneer CEO Says Amazon Created Its Own Competition By Teaching SMBs How to Sell Online
September 24, 2021

Looking across the eCommerce landscape, it’s easy to see how Amazon has influenced merchants — first by teaching them the benefits of being in a marketplace, and then by giving them the tools to promote themselves and compete for business. That crash course in commerce...

Payment Methods
Merchants Must Mind Fraud and Honor Consumer Needs Amid Rising RTP
September 24, 2021

Merchant payments are racing toward a digital paradise. 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...

Cross-border Payments
New Data: Almost 25% of US Cross-Border Remittance Senders Use Crypto
September 24, 2021

Cross-border remittances are a lifeline for many developing economies, but high fees and long processing times can make timely payments difficult for those who may be the least able to afford delays. Some consumers now are turning to cryptocurrencies as a payment option that allows...