News

News
Today In Payments: Samsung Pay Launches Debit Card; Apple Introduces New eCommerce Portal
May 08, 2020

In today’s top news, Samsung Pay is launching a debit card and a money management tool, and Apple has introduced a new ecommerce portal. Plus, Frank Bisignano has been promoted to CEO of Fiserv. Get the Full Story Complete the form to unlock this article...

Retail
NFL Unveils 2020 Schedule But Questions Persist
May 08, 2020

Are you ready for some football? 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 Today. By completing this form, you agree to...

Ridesharing
Uber’s And Lyft’s Divergent Journeys Through The Pandemic
May 08, 2020

To get a sense of how the pandemic can affect companies differently – even competitors in the same vertical, jockeying for position, for mindshare, for wallet share – consider the recent earnings reports from two juggernauts in the ride-hailing space. Get the Full Story Complete...

Retail
Saving Main Street: Advocacy Groups Propose New Government Relief Programs
May 08, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Government program subsidies and loans have been snapped up by larger companies and mid-sized chains, and banks have capped their exposure to loan programs. The prevailing sentiment, as the crisis...

Retail
Upscale Retailers Embrace ‘Clienteling’ To Stay Connected
May 08, 2020

New York City fashion boutique Nili Lotan has a client list that reads like the front row at Fashion Week (back when such events were still held). Among them: Gigi Hadid, Kendall Jenner, Christy Turlington, Jennifer Lawrence and Julianne Moore. As a result of the...

Retail
Retail’s Abysmal Week: Will Liquidation Sales Follow?
May 08, 2020

It was a tumultuous week for fashion retail and department stores. J.Crew and Neiman Marcus filed for bankruptcy, and we could soon see more big names formalizing what has been an almost foregone financial conclusion as a result of store closings and COVID-19 chaos. Next...

Retail
JCPenney, Sephora To Maintain Partnership For In-Store Experience
May 08, 2020

After JCPenney sought a court order to keep Sephora in its locations, the companies said they have “reaffirmed” their partnership to run Sephora inside of the department store. The relationship will remain in place and both companies are “focused on delivering [an] exciting beauty experience...

Retail
Kohl’s To Reopen Stores In 10 Additional States
May 08, 2020

After opening retail locations in four states, Kohl’s said it intends to open stores in 10 more states on Monday (May 11) as it follows a phased approach to retail reopening. The company said in an announcement that it will also open further retail locations in...

B2B Payments
Keeping An Eye On B2B APIs
May 08, 2020

When the pandemic arrived in early 2020, a preponderance of B2B payments was still being made by paper checks, along with all the messy precursors to those checks, from Excel spreadsheets to outdated accounts payable (AP) systems to – no disrespect – the U.S. Postal...