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...
Bank-FinTech collaboration continues to proliferate in markets around the world. This week’s look at the latest tie-ups show the U.K. and Europe embracing FinTechs in Open Banking efforts. Elsewhere, FinTechs are taking the initiative to work with financial institutions and offer their technologies in an...
PayPal and Facebook are collaborating on a funding round by GoJek, the Indonesian digital payments company, to boost their profiles in Southeast Asia’s financial services sectors and fuel its use among small businesses, the tech companies announced. Get the Full Story Complete the form to...
Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre, a triple-threat regional financial powerhouse based in Argentina. It is...
As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
