News

Retail
Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty
October 11, 2024

The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down on collaboration to fortify their positions. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cross-border Payments
Russia Calls on BRICS Countries to ‘Ring Fence’ New Cross-Border Payments Network
October 11, 2024

Russia reportedly aims to create a new system for cross-border payments between BRICS countries. 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, PYMNTS...

Regulation
Treasury Official: State-by-State Regulations Stifle Innovation for FinTechs
October 11, 2024

A federal regulatory framework for nonbank payment service providers is needed to reduce risks and promote innovation, Nellie Liang, under secretary for domestic finance at the U.S. Treasury Department, said Wednesday (Oct. 9). Get the Full Story Complete the form to unlock this article and...

Fintech Investments
FinTech IPO Index Gains 0.4% as SoFi and MoneyLion Offset Chinese Stock Plunge
October 11, 2024

The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the fortunes of the FinTech IPO Index a bit. Get the Full Story Complete the form to unlock this article and...

Retail
43% of Gen Z Consumers Prefer Buying Direct From Brands
October 11, 2024

As younger consumers reshape the retail landscape, their motivations, preferences, and behaviors provide invaluable insights for brands and retailers striving to stay ahead. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cross-border Payments
Citi Debuts Token Services for Cash Cross-Border Payments Tool
October 10, 2024

Citi says its Token Services for Cash program has gone live after a pilot phase. 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,...

POS Innovation
Report: Cashierless Checkout Technology Provider Grabango Discontinues Operations
October 10, 2024

Cashierless checkout technology provider Grabango reportedly discontinued its operations after failing to secure funding. 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, PYMNTS...

Retail
Mass Market Retailers Cut Prices to Win Budget-Conscious Shoppers This Holiday Season
October 10, 2024

As we approach the holiday season, mass merchants and dollar stores are unveiling a plethora of new deals designed to attract budget-conscious consumers grappling with financial struggles. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Bank of America: Cybercrime Could Be ‘World’s Third-Largest Economy’
October 10, 2024

The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). 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,...