Just last month, Gap reflected on a year of struggle, with numerous net losses, bloated inventory levels and a search for a permanent CEO. In the wake of these challenges, the retailer has been exploring strategies to regain momentum and reconnect with consumers. As part of...
Without much fanfare, Walmart unveiled a new edition of its Google TV stick with updated specs and a revamped remote, competing directly with Amazon’s Fire TV Stick. While the competition for TV sticks probably won’t determine the fate of these two retail giants, the new...
Despite instant settlement, lower fees and fraud protection, open banking payment rails in the U.K. are lagging in adoption. New payment option providers such as Boodil, which layers on a rewards program, are hoping to accelerate use. — Harry Luscombe hears it all the time...
Consumers and merchants are being let down by the current state of play in the traditional retail finance space — an “untouched” aspect of the checkout finance market, says Todd Latham, CEO at U.K. retail finance platform operator Divido. In an interview with PYMNTS, Latham...
The deposit insurance system “worked pretty well,” said Bank of America CEO Brian Moynihan. Speaking Thursday (April 20) at a Bloomberg event, Moynihan said deposit insurance funded by banks succeeded in protecting customers during the “fair amount of disruption” recently seen among regional banks, Bloomberg...
Earnings season has yet to fully engulf the FinTech IPO sector. But there was plenty of other news to go around — where macro headwinds were in evidence, forcing at least one platform to scale back its headcount. Shares in Opendoor plunged 18.9% through the...
PopID now enables palm verification as well as face verification. The firm has partnered with PalmID to add the palm option to its platform for using consumer-initiated biometric verification for digital interactions and payments, PopID said in a Thursday (April 20) press release. “We believe...
Several regional banks ended the first quarter with stable deposits. Their reports of flat deposits came after a quarter in which the collapses of three banks led investors to closely watch the deposit flows at other smaller banks, Bloomberg reported Thursday (April 20). Deposits were...
Business credit card issuers are working with major retailers online and in-store to capture and add value to business spend with flexibility and rewards aligned for business users. The latest development along these lines is healthcare spend management platform Nitra offering doctors who use its card for...
