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. Delving into fallout from an extraordinary global health crisis, PYMNTS December 2020 Digital-First...
Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. 30). Synchrony Bank is a wholly-owned by Synchrony Financial Inc. Describing Synchrony’s application, government regulators wrote of the proposed product: “As with other...
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...
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...
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. Reports in the Financial Express said on Monday (Dec. 30) that Marg ERP plans to...
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.” Big brands like Nike and Pepsi jumped into D2C sales in a...
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. Legal counsel for those named...
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...
Following reports that Amazon was looking to acquire podcast creator Wondery, it has now done so, according to a release from the eCommerce giant on Wednesday (Dec. 30). Wondery’s work will now be available through Amazon Music, per the company. Wondery has put out podcasts...