News

Retail
Consumers Want Friction-Free Shopping on Connected Devices
April 25, 2024

In a recent edition of PYMNTS Intelligence’s ongoing How We Will Pay Report, “Multitasking Consumers Want to Shop — and Work — at the Same Time,” we examined how the ubiquity of connected devices and apps has altered how U.S. consumers spend their time.  The...

Retail
Best Buy Forms Retail Media Partnership With CNET
April 25, 2024

Best Buy has launched a retail media partnership with consumer technology publication CNET. The collaboration is designed to help brands reach larger audiences of “high intent” shoppers at a time when many consumers are demanding digital integration in their in-store journey, according to a Thursday (April 25) press...

B2B Payments
This Week in B2B: Enterprise Metaverses, AI Accountants, Virtual Cards
April 25, 2024

Innovation is a key factor in any company’s ability to succeed in the long run.  And so are the ways in which they pay and get paid. That’s why, within the B2B payments landscape, innovation plays a crucial role in enabling businesses to streamline processes,...

Retail
Walmart Gives Online Shoppers VIP Treatment to Compete With Amazon
April 25, 2024

As Walmart looks to speed its digital transformation in an effort to shrink the eCommerce gap between itself and rival Amazon, the retailer is giving digital shoppers exclusive access to get them to engage more. The superstore chain announced via an emailed news release Thursday (April 25)...

Retail
Shoppers Demand More Experiential Brick-and-Mortar Stores
April 25, 2024

With eCommerce often proving the most convenient option for the practical elements of shopping, consumers are demanding brick-and-mortar retailers provide them with an experience they cannot get online. Foot Locker on Wednesday (April 24) announced its new “store of the future” in Wayne, New Jersey,...

B2B Payments
Nuvo Adds Equifax Credit Reports to Trade Credit Management Platform
April 25, 2024

Nuvo has added business credit reports and business principal credit reports from Equifax to its trade credit management platform for B2B sellers. This addition will streamline customer onboarding, underwriting and credit approval processes for businesses that extend trade credit, the companies said in a Wednesday...

Payments Innovation
Thredd CEO: Compliance Will Define Future of Payments
April 25, 2024

Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than ever before — particularly given the shifting dynamics and challenges of the contemporary macro operating environment, where courageous and agile...

Payments Innovation
Corporates Shift Mindset Back to Growth
April 25, 2024

Inflation, inflation and inflation. The drum beat has defined the past year in the financial services business and reached a crescendo in the first quarter. But, according to payments orchestration solution provider Spreedly, which sees $50 billion in gross transaction volumes on its platform, a successful payments strategy can meet consumers where they are, as companies...

Banking
Report: FDIC Seeking Buyers for Republic First Bancorp
April 24, 2024

The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank. The regulator is approaching potential buyers and seeking bids for the bank, which has traded at a market value of less...