News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

(source: pymnts.com)

Macy’s Looks to Digital to Mitigate Impact of Store Closures on Loyalty
Macy’s Looks to Digital to Mitigate Impact of Store Closures on Loyalty
February 27, 2024  |  Retail

As Macy’s closes locations by the hundreds, the retailer is turning to digital to keep customers engaged even as they lose their local, physical stores....

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Bitcoin Hits 2-Year High as Large Investors Enter Market
Bitcoin Hits 2-Year High as Large Investors Enter Market
February 27, 2024  |  Cryptocurrency

Bitcoin continued its rise, hitting a two-year high Tuesday (Feb. 27) and surpassing $57,000 as big buyers flock to the cryptocurrency market. The digital currency...

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EU: Microsoft-Mistral Deal Needs Further Investigation
EU: Microsoft-Mistral Deal Needs Further Investigation
February 27, 2024  |  Partnerships

European regulators are taking a closer look at Microsoft’s new partnership with Mistral. The tech giant announced Monday (Feb. 26) that it planned to make...

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GOP Pushes to Ban CBDCs Over Privacy Concerns
GOP Pushes to Ban CBDCs Over Privacy Concerns
February 27, 2024  |  CBDC

Five Senate Republicans have introduced legislation that would block the digital dollar. The “CBDC Anti-Surveillance State Act,” announced Monday (Feb. 26), would prevent the Federal...

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Report: Shein Mulling UK IPO, Deeming US Approval Unlikely
Report: Shein Mulling UK IPO, Deeming US Approval Unlikely
February 27, 2024  |  IPO

Shein is reportedly rethinking its U.S. initial public offering (IPO) due to regulatory resistance. Instead, the fast-fashion brand is weighing going public on the London markets, Bloomberg...

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Digital Commerce Demands Multifactor Approach to ID Verification
Digital Commerce Demands Multifactor Approach to ID Verification
February 27, 2024  |  Authentication

Lisa McFarland, executive vice president and chief product officer at Ingo Payments, told PYMNTS that authentication across digital channels requires a multi-pronged approach. At a...

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Moving Target: Payments Dynamics Complicate Authentication Picture
Moving Target: Payments Dynamics Complicate Authentication Picture
February 27, 2024  |  Authentication

Payments increasingly exist and occur across a multifaceted, ever-evolving digital terrain. What this means is that a digital payment is never just a payment —...

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Perfect Corp: AR Try-On Reduces Returns for eCommerce Beauty Brands 
Perfect Corp: AR Try-On Reduces Returns for eCommerce Beauty Brands 
February 27, 2024  |  eCommerce

As eCommerce merchants look for new ways to reduce the costs and inefficiencies of returns, Perfect Corp. sees augmented reality (AR) as a key solution, mitigating...

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Bad Financial Management Habits Lead 30% of Affluent Consumers to Live Paycheck to Paycheck
Bad Financial Management Habits Lead 30% of Affluent Consumers to Live Paycheck to Paycheck
February 27, 2024  |  Consumer Finance

The prices of goods and services will continue to weigh on U.S. consumers’ wallets in 2024. Most consumers still say they live paycheck to paycheck....

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