News

Regulation
‘Rent A Bank’ Fades For Payday Lenders, FIs Step In On Short-Term Loans 
June 25, 2021

The regulatory gaze on payday lending is tightening. To that end, as reported by the Associated Press, Congress has voted to overturn Trump-era regulations that let payday lenders sidestep state laws that cap interest rates. Get the Full Story Complete the form to unlock this...

Artificial Intelligence
Walmart Uses Predictive AI To Avoid E-Grocery Substitution Shame
June 25, 2021

With e-grocery options that rely on in-store picking, substitutions are still something of a sticking point for many shoppers. On Thursday (June 24), Walmart announced its solution: Rather than relying on human intelligence to make the switch, the company will offer the ability for in-store...

Retail
High Demand For Used Cars Drives CarMax To Record Quarter
June 25, 2021

CarMax, the largest used car dealership chain in the U.S., is seeing a bright future, reporting record quarterly results amid the company’s push to expand its digital presence and a supply chain shortage for new cars that is pushing buyers into the secondhand vehicle market....

Retail
AMZN vs WMT Weekly: Another Prime Day, Another Set Of Record Sales For All
June 25, 2021

In case you hadn’t heard, Amazon and Walmart had some pretty big sales earlier this week — though consumers bought smaller items and overall spent slightly less than in previous years, at least from Amazon. Get the Full Story Complete the form to unlock this...

Retail
Nike’s D2C Dominance Continues To Drive Performance
June 25, 2021

Nike remains bullish on the growth of its digital and direct-to-consumer (D2C) business, executives told investors Thursday (June 24), projecting that digital will account for 50 percent of the sports apparel company’s business by 2025. Get the Full Story Complete the form to unlock this...

Retail
Luxury Outerwear Brand Canada Goose Plans To Go Fur-Free
June 25, 2021

Amid Canada Goose’s concentration on its HUMANATURE purpose-based platform, “relentless innovation” and “expanding lifestyle relevance,” the luxury outerwear brand plans to end the use of fur in all of its merchandise, according to an announcement. Get the Full Story Complete the form to unlock this...

Retail
Five Below Expands Instacart Partnership For Same-Day Delivery
June 25, 2021

Off-price retailer Five Below has expanded its collaboration with Instacart following a successful pilot launch with the logistics firm in December 2020, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
FinTech Combats Accounts Receivable’s Crypto Anxieties
June 25, 2021

As more corporations gain interest in embracing cryptocurrency, the logistics of having crypto on the books continue to stand in the way of supporting efforts to accept digital currency as payment — an increasingly attractive proposition for businesses and their customers. Get the Full Story...

B2B Payments
Germany Showcases Europe’s B2B FinTech Funding Strengths
June 25, 2021

Europe’s startup funding ecosystem is booming, with the latest data signaling a combined $60.9 billion in new investments for startups in the region in the first six months of 2021  — more than all of 2020 combined. That’s despite the number of investment deals coming...