Consumers spent more last month than some observers expected. What remains to be seen is whether that trend can continue. Commentary from Target Wednesday (Nov. 16) and PYMNTS’ own data cast some significant doubt over that sustainability. As reported Wednesday, United States retail sales rose...
The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects rather than face the turbulence and high mortgage rates that are currently crimping housing sales....
Apparel retailer TJX reported an increase in sales Wednesday (Nov. 16), a development the company’s CEO attributed to consumers “treasure hunting” for the chain’s off-price offerings. “Looking forward, while not immune to macro factors, we are convinced that our flexible business model and value proposition will continue...
Aiming to determine Japan’s exposure to FTX, the country’s Financial Services Agency (FSA) has reportedly asked local cryptocurrency exchanges if the collapse of FTX and its affiliated companies has affected their businesses. The financial regulator has found “minimal impact” upon the local exchanges, Bloomberg reported...
For neobanks, the debit card is no longer going to be enough — not to brave the storm clouds gathering at this moment, and which will last a few years. Bond Financial Technologies Co-Founder and CEO Roy Ng told Karen Webster the reckoning will be...
Canadian FinTech company Nuvei is making embedded payments accessible for businesses as a customer retention tool through its global expansion of Nuvei for Platforms. According to a Tuesday (Nov. 15) press release, the platform is designed to give digital commerce, banking and FinTech platforms the...
The challenges that come with hiring internationally could easily deter organizations from tapping into the worldwide talent pool. But according to a recent study on challenges in international workforce payment and management, firms engaged in cross-border hiring are not backing down easily. Get the report:...
Freight bookings and accounts payable (AP) management company Raft has partnered with all-in-one logistics payment platform PayCargo to enhance the payment process for freight forwarders. With the integration of PayCargo, Raft — which was formerly Vector.ai — will expand the capabilities of its new artificial...
Just like consumers now expect to be able to book a single journey with multiple airlines in one transaction, rail booking platforms like Trainline and Omio have become essential tools for Europe’s rail travelers who don’t fancy navigating multiple train booking systems to purchase tickets....
