News

Retail
Macy’s Navigates Weak Consumer Demand, Continues Deep Discounts
June 01, 2023

Earlier, PYMNTS reported that the summer of markdowns is here as Macy’s (along with Dollar General) struggled with declining consumer demand. The retailer has now revised its annual sales and profit forecasts downward, citing a deceleration in demand caused by inflation as the primary factor....

Retail
Trader Joe’s Embraces Digital Scarcity Amid Grocery’s eCommerce Rush 
June 01, 2023

As many brands race to become as digitally available as possible, Trader Joe’s is going the opposite route, leaning into its lack of eCommerce presence to set the shopping experience apart. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Faster Payments
Adyen Launches Payout Services to Provide Faster Global Payments
June 01, 2023

Adyen, the financial technology platform that powers the likes of Facebook, Uber, H&M, eBay, and Microsoft, has launched its Payout Services. This offering allows Adyen customers to payout acquired funds in the preferred method of their affiliated users or partners up to three days faster....

Cross Border Commerce
New World of Global Trade Set to Affect Cross-Border Commerce
June 01, 2023

Smaller merchants may need more help navigating the new rules than ever before. 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....

B2B Payments
AvidXchange Adds Lien Waiver Management Feature for Construction Industry
June 01, 2023

AvidXchange has added a Lien Waiver Management feature for the construction 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 Today. By completing this form,...

Artificial Intelligence
Generative AI Is Evolving Embedded Finance by Accelerating Easy Wins
June 01, 2023

The digitization of everyday life is transforming nearly every consumer touchpoint, particularly payments. 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....

Digital Banking
Revolut’s Global Retail Customer Base Tops 30 Million
June 01, 2023

British financial platform Revolut says it now has more than 30 million retail customers. 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...

B2B Payments
Weavr and Visa Team on Embedded Finance for SaaS Firms
June 01, 2023

Embedded finance startup Weavr has teamed with Visa in the B2B Software-as-a-Service (SaaS) space. 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...

Payment Methods
Credit Cards vs BNPL: A Matter of Shifting Shopper Demographics
June 01, 2023

Access to credit, the value of credit in managing personal finances, and fear of debt are all coming into play at a time when over 60% of U.S. households live paycheck to paycheck, including those bringing in six-figure salaries, with many struggling to make ends...