News

Retail
Macy’s Expands to Strip Malls With Smaller Stores and Leaner Inventory
May 08, 2023

The word is that Macy’s is exiting the dying mall and making its foray into strip malls, as it views these type of physical retail opportunities to be more lucrative. However, the move isn’t just about entering a new retail landscape. The company is also...

Retail
Shopify eCommerce Refocus Includes Recruiting Celebrity Brands like The Row
May 08, 2023

From luxury fashion to tequila, Shopify remains a popular choice among celebrities for launching brands. 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,...

Retail
Retailers Lead April Job Cuts as Consumers Pull Back
May 08, 2023

April layoffs in the retail space led all other industries, jumping 270% from March. 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...

Regulation
Tech CEOs: EU Data Act Threatens Cybersecurity
May 08, 2023

Worried about cybersecurity, five European tech CEOs are seeking changes to the proposed Data Act. 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,...

eCommerce
Decision Brief: Optimizing Consumer Authorization Rates in Cross-Border eCommerce
May 08, 2023

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...

Payment Methods
Demand for Bill-Pay Portals Tempered by Consumer Security Concerns
May 08, 2023

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...

Banking
Banks That Can’t Personalize Services Risk Quiet Quitting by Millennials
May 08, 2023

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...

Payment Methods
EPI CEO Says Europe Ready for One Digital Wallet
May 08, 2023

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.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Report: FDIC Rescues Create ‘Vicious Cycle’ for Future Bank Purchases
May 07, 2023

Do banks need to fail — and get government help — before buyers come forward? 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,...