News

B2B Payments
ANNA, Currencycloud Team On SMB Banking
August 18, 2021

Small business account and tax app firm ANNA Money announced Wednesday (Aug. 18) it is working with cross-border finance specialist Currencycloud to enhance its international banking offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Partnerships / Acquisitions
Truist Announces New Leadership Roster Following Merger
August 18, 2021

Truist Financial Corporation on Wednesday (Aug. 18) said in a press release that President and Chief Operating Officer William H. Rogers Jr. will succeed Kelly S. King as chief executive officer Sept. 12, a move that was announced in February 2019 as part of a...

Retail
Drive Up Drives Up Grocery Sales At Target With 2x Growth Over Walmart
August 18, 2021

Target’s grocery business may be an order of magnitude smaller than its competitor Walmart, but in terms of growth rate, it is the clear winner. Its food and beverage category saw low double-digit growth in the second quarter of 2021, the retailer announced on Wednesday...

Investments
Canada Drives Says $100M Funding Will Drive Expansion
August 18, 2021

Canada’s largest online car shopping and delivery platform says it plans to expand with the help of $100 million in new funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Half Of Retail Employee Hours Scheduled When No Sales Are Made
August 18, 2021

Running a business that has 50 percent inefficiency baked into the single-largest cost center — labor — would likely be unacceptable for most companies. And yet, for many of the nation’s retailers, that untenable scenario is not an academic case study or a doomsday scenario...

Retail
Target CEO Sees ‘Tremendous Resilience’ In Consumers Amid Renewed COVID Concerns
August 18, 2021

Increased traffic at Target’s retail locations in the second quarter drove the company to strong year-over-year sales growth, giving the Minnesota-based retailer confidence that it’s on the right track as investments in its operations continue unabated. Get the Full Story Complete the form to unlock...

Retail
Old Navy To Revamp Plus-Size Line With Integrated Shopping Experience
August 18, 2021

Old Navy on Friday (Aug. 20) will unveil a new integrated shopping experience that brings together all of its women’s styles in sizes 0 to 30 and XS to 4X with no price difference in all 1,200-plus stores and online “to be more size inclusive,”...

Retail
Lowe’s Sales Sag Amid Decrease In Home Improvement
August 18, 2021

North Carolina-based Lowe’s saw its comparable sales slip by 1.6 percent in the second quarter, the company said on Wednesday (Aug. 18), led by a drop of 2.2 percent in the company’s home improvement business. Get the Full Story Complete the form to unlock this...

Security & Fraud
T-Mobile Offers Free ID Protection After Breach Exposed Data Of 40M+
August 18, 2021

T-Mobile confirmed that hackers stole sensitive data on more than 40 million customers, and is now offering McAfee identity protection services at no charge for two years, according to a Tuesday (Aug. 17) T-Mobile press release and media outlets. Get the Full Story Complete the...