April layoffs in the retail space led all other industries, jumping 270% from March. That’s according to a report from employment service Challenger, Gray & Christmas (CGC), which also found retailers cut 14,689 positions in April and 36,115 this year, an 843% increase over the...
Worried about cybersecurity, five European tech CEOs are seeking changes to the proposed Data Act. “Such a monumental change to established ways of doing business without proper consideration is a huge risk both to cybersecurity and to the competitiveness of some of Europe’s most successful...
Introduction: Cross-border eCommerce involves millions of transactions spanning multiple markets, acquirers and issuers, which combined together can significantly increase the occurrence of failed transactions. That, in addition to local payment preferences and varying regulatory landscapes from one market to another can create numerous points of...
A one-stop payment portal is a single-user interface through which consumers can pay several or all their bills. The trouble is that some consumers hesitate to use payment portals, chiefly because they have security concerns. This is an area that more providers should be upgrading...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Amir Wain, founder and CEO of digital payments and banking solutions provider i2C, says to reach the next generations of...
As regulators push for the development of instant payments, European Union countries continue to leverage preexisting economic relationships to advance faster payments across the region. It’s a trend that has led to historic real-time payment growth and adoption in recent years, PYMNTS has reported, with successful national...
Do banks need to fail — and get government help — before buyers come forward? A report by Reuters Friday (May 5) citing industry sources said that recent government-arranged purchases of First Republic, Signature and Silicon Valley banks had set such a “vicious cycle” in motion. For example, the Federal...
Revolut’s CEO says recent bank turmoil has held up his company’s U.K. banking license. “Ultimately, it is not really us, it is generally the banking crisis we see at the moment that makes regulators extra cautious,” Nik Storonsky said in a Financial Times (FT) interview on Sunday (May 7). As...
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO Warren Buffet said Saturday (May 6). “It would’ve been catastrophic” if the Federal Deposit Insurance Corp. (FDIC) hadn’t done that,...
