News

Retail
Even Discount Retail CEOs Say Shoppers Are Pulling Back   
May 19, 2023

Amid inflation, shoppers are actively seeking out affordable options. This trend has prompted consumers to search for merchants whose prices are in line with their budget. This has proven advantageous for retailers like Ross Stores, which strive to offer the “best branded bargains possible at...

Fintech Investments
FinTech IPO Index Gains 2.4% as Upstart Soars on Consumer Loan Sale
May 19, 2023

The FinTech IPO gathered 2.4% in a week that saw the last few remnants of earnings reports trickle in. 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...

eCommerce
PartsTech Raises $35 Million to Expand B2B Automotive Parts Marketplace
May 18, 2023

PartsTech has raised $35 million to expand its B2B marketplace for the auto repair industry. 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...

eCommerce
Census Says eCommerce Share of Retail Is 15%, Here’s Why It’s Really 22%
May 18, 2023

About a year ago, PYMNTS detailed how government stats and revisions to those stats can change the way we view eCommerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
US Lawmakers Debate Dueling Stablecoin Bill Drafts
May 18, 2023

U.S. lawmakers faced off Thursday (May 18) over two proposed stablecoin bills. 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...

Biometrics
FTC: Biometric Surveillance Could Threaten Civil Rights
May 18, 2023

The FTC says increased use of biometrics raises “significant” concerns about security, privacy and discrimination. 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
Retail Crime Epidemic Sparks Store Closures Including Target, REI and Walmart
May 18, 2023

Target has reported a disturbing surge in retail crime, which is anticipated to cause an estimated $500 million more in losses and stolen merchandise this year compared to the previous year. In fact, workers at a Target store in downtown San Francisco recently told a...

B2B Payments
MODIFI and Airwallex Create Cross-Border Payment Tool for Chinese Exporters
May 18, 2023

MODIFI and Airwallex have partnered to facilitate cross-border payments and financing for Chinese exporters. 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...

Delivery
Uber Eats Its Way to More Grocery Share With Group Ordering
May 18, 2023

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 receive marketing communications from PYMNTS and...