News

Retail
The Jane Birkin Effect: From Hermès to Brunello Cucinelli and the Rise of Quiet Luxury 
July 17, 2023

Jane Birkin, the British-born actress and singer, and the inspiration behind the iconic Hermès handbag that bears her name, died on Sunday (July 16) at age 76.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Australia’s NAB Bars Payments to ‘High Risk’ Crypto Exchanges
July 17, 2023

National Australia Bank is blocking some cryptocurrency payments amid a nationwide wave of crypto scams. 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...

Banking
Regional Banks Face ‘Challenging’ Outlook as Deposits Dwindle
July 17, 2023

Regional banks are set to report earnings this week, and the news may not be good. 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...

Banking
Raisin Predicts Deposit Base Will Grow to $56 Billion
July 17, 2023

German FinTech Raisin is reportedly banking on a shift among lenders to alternative funding sources. 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,...

Faster Payments
What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
July 17, 2023

When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Social Commerce
Musk: Twitter Still Cash Negative as Ad Revenues Plunge 50%
July 16, 2023

Twitter’s owner says the platform has yet to see a positive cash flow. 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....

Investments
Venture Capital Firms Slash ‘Megafunds’ Even Amid AI Boom
July 16, 2023

Venture capital (VC) outfits are reportedly shrinking their megafunds after years of building them up. 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,...

Social Commerce
Albertsons Tests Shoppable Facebook Video Ads as Grocers Digitize Circulars
July 14, 2023

As grocers look for the most effective digital coupon strategies, Albertsons is testing dynamic, shoppable ads with Facebook and Instagram. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Bank Earnings Paint Picture of Resilient Consumers
July 14, 2023

Data tells a tale just as much as management commentary on analyst calls during earnings season. 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...