America’s banking giants are reportedly on the hook for replenishing the government deposit insurance fund. The Federal Deposit Insurance Corp. (FDIC) is going to approve a proposal Thursday (Nov. 16) that will require the country’s biggest banks to refill the fund, which was used to...
The rise of eCommerce and the integration of online and offline shopping have shaped the way consumers are making their purchases. Despite a shift toward online sales, however, consumers still prefer to make certain purchases in store, PYMNTS Intelligence has found. These include items such...
Grocery app Crisp has raised $37 million to enhance its seasonal/local food-focused delivery service. The Amsterdam-based company announced the funding in a Thursday (Nov. 16) press release, saying it would help Crisp deliver “better food for the many” in its core markets of the Netherlands...
Walmart has made the consumer spending slowdown official. As fiscal year third-quarter earnings results debuted Thursday morning (Nov. 16) showed a cautious outlook on consumers’ willingness to open their wallets into the holiday shopping season after the quarter’s end, investors sent the shares tumbling more...
As costs remain higher for longer and inflation remains a key consideration as CFOs manage their firms through a series of challenges, Shep Hickey, CEO of Bryzos, told PYMNTS that executives can leverage a growing number of tools to streamline their payments processes. And, in...
Taking the friction out of payments means taking the friction out of doing business. That’s why business-to-business (B2B) payments represent such an exciting space for innovation. And providing customers with instant credit qualification represents one of those exciting innovations, a game-changer for facilitating seamless transactions....
How businesses get paid has a sizable downstream impact on the way they operate. And as businesses prioritize operational efficiency and working capital preservation, the B2B payments landscape is expected to see its own transformations in the coming years. “B2B payments is the one payment...
As retailers grapple with the impact of consumers tightening their purse strings, TJX is striking a different chord, as shoppers seek value and the most enticing bargains. “We believe we are strongly positioned to be a top destination for gifts this holiday season,” TJX CEO...
A 19-year-old man from Madison, Wisconsin, has pleaded guilty to conspiracy to commit computer intrusion. Joseph Garrison, along with his co-conspirators, orchestrated a scheme to hack user accounts at a fantasy sports and betting website, the U.S. Attorney’s Office, Southern District of New York said in a...
