News

Retail
Discount Chains Go Under as Consumers Keep Cutting Back
May 26, 2024

What happens when consumers grow too cash-strapped for discount stores? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Investments
Report: Private Equity Sits on $3 Trillion as Dealmaking Slows
May 26, 2024

Private equity firms are reportedly holding onto a record 28,000 companies worth $3 trillion-plus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Retail
Retailers Heat Up Memorial Day With Holiday Deals and Pop-Ups
May 25, 2024

This Memorial Day, in addition to the usual round of holiday weekend sales, many retailers are getting more targeted about how they can insert their products into shoppers’ summer celebrations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
Will FinCen’s Customer Identification Program Burden Banks and Consumers?
May 24, 2024

The fight between financial institutions and fraudsters is an eternal one, and a key battlefield remains identifying customers at the initial point of interaction and onboarding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Shoppers Dig Into Their Savings to Afford Essentials, Not Nice-to-Haves
May 24, 2024

Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat themselves to nonessential purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
FTC: Company Impersonation Scams Cost Consumers Millions of Dollars
May 24, 2024

The Federal Trade Commission said it has been flooded with reports from consumers who have been taken in by scammers purporting to represent some of today’s leading companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Abett Raises $11.6 Million for Health Plan Data Management Platform
May 24, 2024

Abett has raised $11.6 million to grow its software platform that helps large employers manage and analyze health plan data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Flexibility and Choice Move B2B Payments From Monolithic to Modernized
May 24, 2024

Life is a matter of choices, and so, too, is business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Retail
Wayfair Goes Click-and-Mortar™ as Furniture Shoppers Seek Physical Touchpoints
May 24, 2024

Wayfair is going all-in on brick-and-mortar as furniture shoppers prove hesitant to fully embrace eCommerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...