News

Retail
Automotive Recovery Depends On Digital 3.0
July 14, 2020

As predicted by the PYMNTS COVID-19 Tracker project, the automotive business will need to shift to Digital 3.0 for any kind of post-pandemic recovery. That shift was reinforced this week in two reports predicting the need for digital tools to recreate connections with consumers. Get...

Retail
More Layoffs Announced At REI
July 14, 2020

Less than 90 days after REI, the outdoor recreation retailer, cut 25 percent of its workforce at its Kent, Washington headquarters, hundreds more workers will be laid off nationwide amid the pandemic, SeattlePI reported. Get the Full Story Complete the form to unlock this article...

Retail
Apple Stores Unlikely To Reopen Before 2021
July 14, 2020

Apple Inc. employees and shoppers who expected to see the California-based technology giant reopen its stores this summer got some bad news. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
The B2B Subscription Economy Puts Marketplaces In Unfamiliar Billing Territory
July 14, 2020

The dual-sided benefits of a recurring revenue model have led to an unsurprising boom in subscription commerce. 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...

B2B Payments
FinTechs Unite With Common Goal Of Banking-as-a-Service
July 14, 2020

With bank-FinTech tie-ups growing more popular, FinTechs themselves are similarly discovering value in collaborating with each other to elevate their value proposition for joint financial institution (FI) clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Europe
Europe Reopens, Shopping Spree Underway
July 14, 2020

The phrase “shop ‘til you drop” hasn’t been used for months as the world hunkered down to stop the spread of COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Fraudsters Create ‘Clone’ Investment Accounts To Dupe Consumers
July 14, 2020

Retail investors have been succumbing to “impersonation fraud,” where fraudsters pretend to be famous brands and thus are able to con millions of Euros from them, Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
Citi: FIs’ Role In Creating Resilient Global Trade Finance Initiatives
July 14, 2020

When Citigroup and the International Finance Corp. (IFC) teamed up more than a decade ago, the world remained in the midst of an economic crisis that hit small and medium-sized businesses (SMBs) in emerging markets especially hard. Their tie-up led to the creation of the...

Retail
Livestreamed Commerce Goes Glam(hive)
July 14, 2020

Livestreaming eCommerce is finally picking up steam in the U.S., care of an evolving business model from a three-year-old startup called Glamhive. The company has hosted two events so far, bringing at least one major sponsor together with a star-studded array of Hollywood stylist talent....