pymnts Profile:
Citigroup Inc. (NYSE: C)
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City.
Wayfair And Citi Partner On Card Offerings
September 11, 2020
Citigroup’s Citi Retail Services will provide private label and co-branded credit cards for online home goods retailer Wayfair, the companies announced Friday (Sept. 11).
“Starting today, the Wayfair Credit Card and ... Read moreThree Emerging Trends Defining Multichannel Commerce
August 27, 2020
Gone are the simpler times of retailing and paying for purchases. Ready or not, it’s now a post-pandemic multichannel world, and businesses either have the systems to compete, or they ... Read moreCase Study: Interior Define On Leveraging The D2C Digital Shift
August 25, 2020
The D2C market has undergone rapid evolution in recent years. The lines between “digital natives” and conventional brands have blurred, with the former opening concept stores in select markets and ... Read moreCiti: Why Retailers Now See Treasurers As The Most Important People In The Room
August 19, 2020
COVID-19 turned the idea of multichannel commerce from one possible strategy for businesses to basically the only game in town. Corporate organizations of all descriptions worked overtime around the world ... Read moreToday In Payments: Amazon Launches Bengaluru, India Online Pharmacy; DOJ Moving Forward On Big Tech Antitrust Probe
August 14, 2020
In today’s top news, Amazon launched an online pharmacy in Bengaluru, India, and the Justice Department continues its antitrust investigation of Big Tech. Plus, Apple and Google kicked the Fortnite ... Read moreHow Treasurers Are Guiding Firms Through The eCommerce Revolution
August 14, 2020
The eCommerce landscape is shifting on multiple fronts, with sellers embracing digital channels and adjusting their business models to a new reality of customer demands.
Disruption is hitting both the B2C ... Read moreCiti Changes Its TTS Management Team
August 3, 2020
Citi has named Stephen Randall as the TTS global head of liquidity management services in the London office, the company has announced.
He succeeds Mark Smith in the role.
Randall will report ... Read moreCiti BNPL Option Now On Amazon
August 3, 2020
Citi credit card holders can now use the company’s Flex Pay option to buy products on Amazon, the financial services giant announced Monday (Aug. 3).
The buy now, pay later (BNPL) ... Read moreGoogle Expands Digital DDA Program To Six New FIs
August 3, 2020
Six additional U.S. banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay.
BankMobile, BBVA USA, BMO Harris, The Coastal Community Bank, First Independence ... Read moreStudy: US, EU Banks Could Take $880B COVID-Related Loan Loss Hit
July 29, 2020
U.S. bank profits are at double the risk for loan losses than their European counterparts, according to the Financial Times on Tuesday (July 28).
According to consultants with Accenture, European banks ... Read more
The eCommerce Digital Shift Is Spurring A Great Logistics Shift, Too
September 17, 2020
In the great digital shift, logistics firms are shifting, too.
The ripple effects, of course, extend up and down the logistics and transportation chains, getting products where they need to go.
As The ... Read moreCombined Value Of Visa, PayPal, Square And Mastercard Crests $1T
September 16, 2020
The biggest FinTech companies have been rising in valuation faster than the largest banks, seeing a total of more than $1 trillion now, according to CNBC.
Between Square, Visa, PayPal and ... Read moreAcumatica Debuts Automated Spend Management Tools
September 16, 2020
Cloud enterprise resource planning (ERP) company Acumatica has rolled out its Acumatica Advanced Expense Management and Electronic Bank Feeds for its Acumatica Cloud ERP solution, which will increase automation and ... Read moreBitcoin Daily: US Sanctions Two Russians For Alleged $16.8M+ Crypto Theft; Bahamas' Sand Dollar To Launch
September 16, 2020
The Treasury Department has sanctioned two individuals from Russia for their alleged participation in a purported complicated phishing effort, according to a Wednesday (Sept. 16) press release. According to the ... Read moreTelefónica Shakes Up 5G Race With Rakuten Deal
September 16, 2020
Telefónica is teaming up with a pioneering Japanese eCommerce company in a bid to speed up the rollout of 5G.
Telefónica said on Wednesday (Sept. 26) that it will work with ... Read moreToday In Payments Around The World: WorldRemit Introduces Tracking App; SBM Bank India Collaborates With Mastercard
September 16, 2020
In today’s top news in payments around the world, WorldRemit has launched a WorldRemit Transfer Tracker mobile app, and SBM Bank India has introduced a premium debit card for high-net-worth ... Read moreDigital Innovations In Retail, ID Verification And Banking
September 16, 2020
Sharing economy providers are investing in digital identity verification offerings to keep their users safe. In digital-first banking, the evidence of the great digital shift is not only visible anecdotally – it is ... Read moreMajor German Tech Firm Backs Call For Accelerated EU Digital Currency
September 15, 2020
A major German digital security firm that is a significant player in the electronic payments sector on Tuesday (Sept. 15) has backed a call by the head of the European ... Read moreDeep Dive: Why BNPL Could Push SMBs Into The eCommerce Spotlight
September 15, 2020
Digital shopping is reaching new heights during the ongoing pandemic. Some recent reports have noted that online consumer spending for U.S. retailers rose 44.4 percent year over year in Q2 ... Read moreWhy Mexico’s SMBs Need A FinTech Operating System And Not Another Bank
September 15, 2020
Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient.
In an interview with Karen Webster, Vilash Poovala, founder and ... Read more
Mortgage Lender LoanDepot Looks Toward $15B IPO
September 17, 2020
Five years after LoanDepot ditched plans to go public, the California-based lender, now worth as much as $15 billion, is giving the idea a second look.
The firm, which offers mortgages and other ... Read moreThe eCommerce Digital Shift Is Spurring A Great Logistics Shift, Too
September 17, 2020In the great digital shift, logistics firms are shifting, too.
The ripple effects, of course, extend up and down the logistics and transportation chains, getting products where they need to go.
As The ... Read moreMastercard Commits $500M To Boost Black Communities, Businesses
September 17, 2020
Mastercard said it will invest $500 million in Black communities across the U.S. over the next five years in a bid to address racial disparities in financial services. The new ... Read moreHow ‘Pandenomics’ Will Drive Mobile Check Deposits
September 17, 2020
“Pandenomics” may usher in a new age for mobile check capture and deposits.
In an interview with Karen Webster, Mike Diamond, general manager of digital banking at Mitek, said it’s unlikely ... Read moreRevlon Creditors Ask Judge To Allow Expert On Citi's $900M Error
September 16, 2020
Several Revlon creditors want to enlist an expert to share his opinion on whether they should have known that a $900 million payout from Citigroup was a mistake, Bloomberg reported.
On ... Read moreCombined Value Of Visa, PayPal, Square And Mastercard Crests $1T
September 16, 2020The biggest FinTech companies have been rising in valuation faster than the largest banks, seeing a total of more than $1 trillion now, according to CNBC.
Between Square, Visa, PayPal and ... Read moreLenders Brace For Wave Of Hotel Closures
September 16, 2020
The impending demise of the Hilton in Times Square is just the tip of the iceberg when it comes to what experts believe will be a wave of hotel closures ... Read moreAcumatica Debuts Automated Spend Management Tools
September 16, 2020Cloud enterprise resource planning (ERP) company Acumatica has rolled out its Acumatica Advanced Expense Management and Electronic Bank Feeds for its Acumatica Cloud ERP solution, which will increase automation and ... Read moreBitcoin Daily: US Sanctions Two Russians For Alleged $16.8M+ Crypto Theft; Bahamas' Sand Dollar To Launch
September 16, 2020The Treasury Department has sanctioned two individuals from Russia for their alleged participation in a purported complicated phishing effort, according to a Wednesday (Sept. 16) press release. According to the ... Read moreTelefónica Shakes Up 5G Race With Rakuten Deal
September 16, 2020Telefónica is teaming up with a pioneering Japanese eCommerce company in a bid to speed up the rollout of 5G.
Telefónica said on Wednesday (Sept. 26) that it will work with ... Read more
How The Pandemic Is Driving Subscribers' Hunger For Meal Kits
September 17, 2020
People like the convenience of subscribing to meal-kit services, but not always how much they cost. In the PYMNTS Subscription Commerce Tracker®, Julie Marchant-Houle, U.S. CEO of Marley Spoon and ... Read moreAmazon Plans Massive Suburban Expansion To Speed Up Delivery
September 16, 2020
An Amazon delivery hub may be coming soon to a suburb near you.
The world’s largest retailer plans to open 1,000 mini delivery hubs in suburbs and cities across the country, ... Read moreYelp: Roughly 98K US SMBs Permanently Closed Amid Pandemic
September 16, 2020
While some types of businesses have adapted and survived amid the pandemic-triggered economic crisis, restaurants and retailers have especially struggled.
Yelp’s new “Local Economic Impact Report” said that the number of ... Read moreDigital Innovations In Retail, ID Verification And Banking
September 16, 2020Sharing economy providers are investing in digital identity verification offerings to keep their users safe. In digital-first banking, the evidence of the great digital shift is not only visible anecdotally – it is ... Read moreApple Concludes Barclays Tie-Up Amid Focus On Apple Card Financing Plans
September 15, 2020
As it aims to focus on Apple Card product financing offerings, Apple concluded its Barclays Plc card tie-up ahead of upcoming device launches. Shoppers will no longer be able to ... Read moreFlipkart To Add 70K Hires For India's Diwali Holiday-Shopping Season
September 15, 2020
Walmart’s Indian subsidiary, Flipkart, reportedly plans to hire 70,000 new employees and indirectly employ many more in needed delivery work as it gears up for a big boost in online ... Read moreDeep Dive: Why BNPL Could Push SMBs Into The eCommerce Spotlight
September 15, 2020 Digital shopping is reaching new heights during the ongoing pandemic. Some recent reports have noted that online consumer spending for U.S. retailers rose 44.4 percent year over year in Q2 ... Read moreLowe’s Builds New Image At New York Fashion Week
September 14, 2020
There’s a lot that’s new and digital about New York Fashion Week. In fact everything is new from the virtual runways to the individual shows getting precedence over the more ... Read moreAmazon Seeks 100K Workers For Operations Roles
September 14, 2020
As it plans to bring 100 new operations facilities online in September, Amazon announced on Monday (Sept. 14) that it is hiring for 100,000 new regular positions across the U.S. ... Read moreWayfair And Citi Partner On Card Offerings
September 11, 2020Citigroup’s Citi Retail Services will provide private label and co-branded credit cards for online home goods retailer Wayfair, the companies announced Friday (Sept. 11).
“Starting today, the Wayfair Credit Card and ... Read more