News

Banking
Branch Banking Going Digital-First For Safety And Relevance
December 31, 2020

Here’s another icy factoid from the year of COVID: up to 20,000 bank branches are expected to close before the pandemic is declared done. It’s triggered a remaking of the entire sector. Get the Full Story Complete the form to unlock this article and enjoy...

Payment Methods
Synchrony Bank Lands CFPB OK For Dual Secured, Unsecured Credit Cards
December 31, 2020

Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Movie Attendance Expected To Drop 25 Pct Post-COVID, Report Says
December 31, 2020

The head of a Southwestern-U.S. theater chain that has closed all its locations and reduced its employee headcount to five from 1,250 due to COVID-19 told CNBC’s “Squawk on the Street” Wednesday (Dec. 30) that he expects the long-term effect of the virus will be...

News
What Payments Players Had To Say About Innovating Payments In A Pandemic
December 31, 2020

In a year filled with unexpected challenges and a COVID-era economic climate that proved fatal for many companies, PYMNTS was lucky to hear directly from the front lines how scores of company leaders and industry experts were coping with the crisis and turning conflict into...

B2B Payments
Marg ERP Eyes Partnerships To Fuel SMB FinServ Strategy
December 30, 2020

Marg ERP, an India-based FinTech connecting small businesses to inventory management, accounting and enterprise resource planning (ERP) technology, has announced a partnership initiative to expand its SMB financial services footprint. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Nike, Pepsi Lead The Year Of Direct To Consumer
December 30, 2020

This year will not only go down in history as “the year of the pandemic,” but for consumer packaged goods brands, it will also be known as “the year of direct to consumer.” Get the Full Story Complete the form to unlock this article and...

News
First Court Date Set For SEC Lawsuit Against Ripple
December 30, 2020

A lawsuit filed by the Securities and Exchange Commission (SEC) against digital payments firm Ripple is heading to virtual court on Feb. 22, according to legal documents filed in the U.S. District Court of the Southern District of New York. Get the Full Story Complete...

Retail
Apparel Sales Get Dressed Down For Holiday; Experts Predict Rebound
December 30, 2020

Changing styles in fashion are nothing new. But the style changes on display in 2020 are quite a bit different than previous years. Consumers are staying at home and as a result paying a lot less attention to their personal style. Mastercard’s holiday spend data effectively sums...

Retail
Restaurants Saw Record-Low Sales, Traffic The Week Before Christmas
December 30, 2020

The week leading up to Christmas broke records in the restaurant industry this year, but not in a good way. For the week that ended Dec. 20, eating establishments posted the worst sales and foot traffic since mid-June, CNBC reported on Wednesday (Dec. 30). Get...