The COVID-19 crisis continues to upend the economy, including even the world of digital banking. 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,...
PayPal has re-upped its stake in Tink with an investment of an undisclosed size that was part of a previously announced 90 million euro funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The digital shift in the during the pandemic has been substantial. But the retail industry may need new and bigger adjectives as the COVID-19 crisis wears on in some geographic areas and moves on in others. Because new evidence shows that eCommerce market share could...
No one ever said RH Chairman and CEO Gary Friedman was shy. His ringing endorsement of the luxury goods market, released yesterday as his annual letter to shareholders, was a clarion call to the frontlines of retailing during a decidedly difficult time. Get the Full...
As it took “decisive actions” to maintain liquidity, Express Inc. reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 million...
New Yorkers who were hoping the city’s public transportation network would soon accept contactless payment will have to wait. 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...
American Eagle Outfitters, Inc.’s digital demand accelerated in the first quarter, powered by brand health and formidable shopper engagement. Management reported that online sales jumped 33 percent, and that store closures and inventory liquidation had a substantial impact on the company’s Q1 results. Get the...
While Lyft’s ride counts are rising from the worst parts of the pandemic, they’re still down 70 percent from a year ago, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Centuries-old banks have been operating on decades-old infrastructure, leaving many traditional financial institutions (FIs) to stand idle and offer little in the way of digital-native products and services. That is, until FinTechs and challenger banks stepped onto the scene, jumpstarting financial services innovation in a...
