News

Retail
Auto Sales Slump Could Be a Crisis of the Sector’s Own Making
May 12, 2023

The Bureau of Labor Statistics (BLS) published a little-noticed piece last month analyzing the part auto dealers’ markups played in new car price tag inflation during the post-pandemic recovery. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Walmart Hints at Early FedNow Adoption While Amazon Is Mum So Far
May 12, 2023

So far, Walmart has been more publicly outspoken than Amazon about adopting the Federal Reserve’s forthcoming FedNow instant payment platform. However, the eCommerce giant is well aware of the new payment rail, and other moves suggest that early adoption of FedNow ahead of the platform’s...

Digital Banking
FinTechs’ Latest Profitability Challenge Is Finding Business Models Beyond Interchange
May 12, 2023

FinTechs are facing an existential crisis now that the age of easy access to capital is over. 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...

IPO
FinTech IPO Index Soars 9.3% as Blend, Open Lending Lead Earnings Rallies 
May 12, 2023

Earnings, earnings, everywhere — and for the FinTech IPO Index, a notable rally marked the past five sessions. 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...

Banking
CFPB Head Says Large Banks Should Pay for Insuring ‘Uninsured’ Depositors
May 11, 2023

The head of the Consumer Financial Protection Bureau (CFPB) says big banks should pay for insuring “uninsured” depositors. 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...

Cross-border Payments
Paysend Launches Cross-Border Payments Solution for Small Businesses in US
May 11, 2023

Paysend has launched its cross-border payments solution for small businesses in the United States. 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....

Banking
FDIC: Big Banks to Pay Bulk of SVB Rescue Cost
May 11, 2023

America’s biggest banks are facing a $15.8 billion bill for the recent banking crisis. 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
Turvo Teams With Denim for Simpler Freight Broker Payments
May 11, 2023

Supply chain tech firm Turvo has launched a partnership with freight payments system processor Denim. 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,...

Retail
Adidas to Sell Remaining Yeezy Sneakers, Donate Proceeds to Charity
May 11, 2023

Adidas has decided what to do with its millions of leftover Yeezy sneakers. 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...