News

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

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Lowe’s Says Home Remodeling Trend Still Strong and Set to Boom

Lowe’s Says Home Remodeling Trend Still Strong and Set to Boom
Lowe’s Says Home Remodeling Trend Still Strong and Set to Boom
November 16, 2022  |  Retail

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...

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TJX Finds ‘Tremendous Advantage’ in Off-Price Offerings
TJX Finds ‘Tremendous Advantage’ in Off-Price Offerings
November 16, 2022  |  Retail

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. Get...

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Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
November 16, 2022  |  Regulation

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...

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Oct Retail Sales up 1.3% to 8-Month High Heading Into Holiday Season
Oct Retail Sales up 1.3% to 8-Month High Heading Into Holiday Season
November 16, 2022  |  Economy

Americans are heading into the holiday shopping season spending more on essentials like food and gas, as well as big-ticket items like cars and discretionary...

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American Express and Square Team on New Seller Credit Card
American Express and Square Team on New Seller Credit Card
November 16, 2022  |  Credit Cards

American Express and commerce solutions provider Square have partnered to create a forthcoming credit card that will be designed for Square sellers. Get the Full...

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US Treasury Promotes Bank-FinTech Partnerships
US Treasury Promotes Bank-FinTech Partnerships
November 16, 2022  |  Bank Regulation

The U.S. Department of the Treasury issued a report Wednesday (Nov. 16) encouraging collaboration between banks and FinTechs, provided it is done responsibly. Get the...

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NY Fed: Household Debt Climbs to $16.5T
NY Fed: Household Debt Climbs to $16.5T
November 16, 2022  |  Debt

New data from the Federal Reserve Bank of New York shows American household debt continuing to climb, with credit card balances jumping at their largest...

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Subscriptions Front and Center of Consumers’ Essential Non-Essential Debate
Subscriptions Front and Center of Consumers’ Essential Non-Essential Debate
November 16, 2022  |  Subscription Commerce

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Secured Credit Cards Help FinTechs and Consumers Weather Macro Storms
Secured Credit Cards Help FinTechs and Consumers Weather Macro Storms
November 16, 2022  |  Fintech Investments

For neobanks, the debit card is no longer going to be enough — not to brave the storm clouds gathering at this moment, and which...

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