Big retail has its work cut out for it. We’re nearly two weeks into the all-important fourth quarter, within sight of Black Friday and the traditional start of the holiday shopping season. And amid the inflationary pressures and paycheck-to-paycheck pressures, it may be the case...
Noting that it’s often the case that when teens shop, it’s their parents or grandparents who pay, teen-oriented clothing retailer Hollister has launched a new way for its customers to complete purchases. With Share2Pay, which is now on Hollister’s mobile app in the United States...
Step, a financial platform aimed at teens and young adults, has raised $300 million in debt funding, bringing the company’s total raised capital to $500 million. “With this new round of funding, Step will accelerate investments in product infrastructure and continue to bring ground-breaking financial...
Spreedly has expanded its offerings for customers, the payments orchestration platform announced Tuesday (Oct. 11). According to a news release provided to PYMNTS, Spreedly has set up a worldwide support infrastructure that “includes resources deployed across the Americas, EMEA, and APAC, as well as offering...
In a bid to boost flexibility and better manage demand surges, online home furnishing retailer Wayfair has migrated its entire data operations to the cloud. The retailer previously had a hybrid cloud strategy but has now moved to a unified public cloud strategy based on Google Cloud, according to...
In a move well-timed for the resurgence of physical retail ahead of holiday foot traffic, PayPal is bringing its PayPal Zettle Terminal mobile POS solution — ‘Terminal’ for short — to U.S. retailers with a set of features to make it an attractive checkout tool for...
When Quan Zhang, joined specialty healthcare startup Thirty Madison last month to become the company’s new chief financial officer (CFO) following a 20-year stint at Pfizer and Sanofi, she was prepared for — and looking forward to — the change. Although the scale and funding...
Bank loan-loss reserves are expected to increase for the third month in a row to as much as $4.5 billion as the nation’s six largest financial institutions finish crunching numbers for third-quarter earnings reports later this week and next. The reports from J.P. Morgan Chase,...
In the age of eCommerce, as platforms and enterprises expand their reach across borders, embedding payments into the mix can help tap new markets and consumers. But as Nick Farrow, head of bank partnerships with Modern Treasury, told PYMNTS, the sheer number of technological challenges...
