The U.K.’s new anti-fraud strategy reportedly places less burden on tech companies. As the Financial Times reported Monday (May 1), the British government is set to unveil the strategy as early as Wednesday (May 3), with the goal of coordinating lawmakers, police and private companies. However, the...
Adidas will increase its focus on sports in the U.S. to propel its stateside business. “We want to double down on all of the things that are U.S.-centric, particularly around sport,” Rupert Campbell, president of the company’s North America operations, said in an interview with...
More often than not, pet parents are willing to take extensive measures to guarantee their pets are given optimal care and attention, which entails providing them with the necessary essentials to flourish. This is shared sentiment among big pet players like Chewy, Petco, Mars, and...
Chase and Amazon have introduced new rewards and cash back opportunities for Amazon Visa cardholders. The credit cards debuted Monday (May 1) with new names — “Prime Visa” and “Amazon Visa” — along with updated designs. “Prime Visa and Amazon Visa cardmembers can now earn 5% back and 3% back,...
After weeks of creeping to the edge of collapse, First Republic Bank is no more. Regulators seized control of the struggling California lender over the weekend, with the Federal Deposit Insurance Corporation (FDIC) announcing Monday (May 1) it had sold the bank to J.P. Morgan...
The buyer-supplier dynamic is undergoing a modern transformation. “It really comes down to leverage,” Bob Purcell, CFO of B2B accounts receivable automation and digital payments platform Billtrust, told PYMNTS CEO Karen Webster in a recent discussion. Particularly amid today’s ongoing macro challenges, optimal management of...
Brits love rewards and place loyalty programs among the top factors considered when choosing where to shop, PYMNTS research has shown. And it’s no different in the credit card space, said Tim Chong, co-founder and CEO at U.K. credit card startup Yonder, where customers are...
Crocs’ better-than-expected Q1 results are currently being attributed to the increasing consumer interest in casualization, comfort, sustainability, and personalization. During Q1, the comfort footwear company, which includes the Crocs and Heydude brands, revealed robust direct-to-consumer (D2C) growth for both labels. Crocs’ D2C revenue increased by...
China is reportedly seeing a sharp increase in post-COVID travel and consumer activity. A Sunday (April 30) report by Bloomberg News, citing data from local media and the government, said that 19.7 million rail trips were made in China on Saturday (April 29), the first...
