News

Retail
Settling Consumer Disputes With Digital Solutions
March 04, 2020

For Teel Lidow, it was supposed to be a vacation, not a business trip. He went to Chile, expecting to return to New York without incident. But after taking off, he realized it would not be a normal flight. The plane landed in Ecuador for...

Retail
Loyalty Rules: Personalization Drives Retail Connection
March 04, 2020

The connected consumer wants to feel more connected. That’s one of the conclusions drawn from a new report on customer loyalty from Merkle, and it holds some clues for retailers looking to improve the recency and frequency of customer visits and purchases. Get the Full...

Retail
WEX Cuts Q1 Revenue Forecast Due To Coronavirus
March 04, 2020

As the COVID-19 virus, or coronavirus, unfolds, financial technology provider WEX Inc. has cut its Q1 revenue outlook. The firm said in an announcement it has been keeping a close eye on the coronavirus situation and assessing its effect and that “the health and safety...

Retail
LEGO To Open 150 Stores In 2020 With Focus On China
March 04, 2020

As it reported formidable revenue for last year, LEGO said it will debut 150 new locations in 2020 — mainly in China. The toy company now has 570 locations globally, with the inclusion of 100 in the United States, The Wall Street Journal reported. Get the...

Retail
OYO To Lay Off 5K Workers To Cut Costs
March 04, 2020

As it pursues profitability and aims to reduce expenditures, economy hotel firm OYO is reducing its worldwide workforce by 5,000 individuals. The newest wave of job reductions would cut the company’s headcount to 25,000 across more than 80 nations, according to reports. Get the Full...

Retail
Sales Of Plant-Based Foods Hit $5B In 2019
March 04, 2020

Consumers’ appetites for plant-based food is apparently surging, as the market for those products hit a new high of $5 billion last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payment Methods
Next-Gen Debit Still Ahead Of Its Time
March 04, 2020

When the U.S. Department of the Treasury’s Bureau of the Fiscal Service disburses monies to federal benefit recipients, from veterans to senior citizens and many others, it uses millions of direct deposit prepaid debit cards as part of the payments mix. Get the Full Story...

Retail
Target Expands Same-Day Services With Fresh Food, Alcohol
March 04, 2020

Same-day services at Target will soon include fresh food staples and alcohol, according to CNBC. 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,...

Cross-border Payments
i2c, Airwallex Link For Cross-Border B2B Payments Card
March 04, 2020

i2c has announced that it will work with global FinTech company Airwallex to enable the Airwallex Borderless Card for B2B payments, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...