News

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

Source: pymnts.com

Retail Recession Woes Spread as UK Business Organization Reports Ongoing Downward Trend

Retail Recession Woes Spread as UK Business Organization Reports Ongoing Downward Trend
Retail Recession Woes Spread as UK Business Organization Reports Ongoing Downward Trend
June 23, 2022  |  Retail

Retail sales volumes are down about 5% for the year through June, according to survey data from the latest Confederation of British Industry (CBI) Distributive...

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PYMNTS AM Radar: Reality Check; Global Clearing; Loyalty Data; Black Swan Prep; ICYMI
PYMNTS AM Radar: Reality Check; Global Clearing; Loyalty Data; Black Swan Prep; ICYMI
June 23, 2022  |  News

Today is Thursday, June 23 and polio was found in the U.K. for the first time in 40 years; 27 years ago today polio vaccine...

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Amazon Eyes Cheaper, Smaller Version of ‘Just Walk Out’ Tech
Amazon Eyes Cheaper, Smaller Version of ‘Just Walk Out’ Tech
June 23, 2022  |  Retail

What started as a three-man foray in 2012 to rethink the physical retail experience and eliminate standing in line has blossomed into a massive global...

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Merqueo on Leveraging Payments Orchestration to Ensure Smoother Payments Experiences
Merqueo on Leveraging Payments Orchestration to Ensure Smoother Payments Experiences
June 23, 2022  |  Payments Innovation

In this month’s "Payments Orchestration Playbook," PYMNTS talked with Cristian Niño, group product manager for LatAm delivery aggregator Merqueo, about the need to seamlessly integrate...

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Digital Convenience, Transparency Are Hot Commodities in Aging Steel Industry
Digital Convenience, Transparency Are Hot Commodities in Aging Steel Industry
June 23, 2022  |  B2B Payments

While Felux CEO Dallas Hogensen was talking with a new customer, the customer remarked that he could order a chicken sandwich online and have it...

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SEC Rulemaking Priorities for 2022 Leave Crypto Out
SEC Rulemaking Priorities for 2022 Leave Crypto Out
June 23, 2022  |  Regulation

The Securities and Exchange Commission (SEC) released yesterday, June 22, its regulatory priorities on its Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions. This...

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CFPB Wants to Use Banks’ Revenue Data to Change Card Late Fees
CFPB Wants to Use Banks’ Revenue Data to Change Card Late Fees
June 23, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) took its first step yesterday, June 22, to change the regulation affecting credit card late fees. The Bureau published...

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Everyware Adds Splitit Installments to Its Pay By Text
Everyware Adds Splitit Installments to Its Pay By Text
June 23, 2022  |  Mobile Payments

Splitit is partnering with contactless pay and customer engagement solutions firm Everyware in order to add Splitit’s Installments-as-a-Service platform to Everyware’s Pay By Text platform,...

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SumUp Raises €590M at Reduced Valuation of €8B
SumUp Raises €590M at Reduced Valuation of €8B
June 23, 2022  |  Investments

Mobile point-of-sale (mPOS) startup SumUp raised €590 million at a valuation of €8 billion, a significant drop from its €20 billion valuation earlier this year....

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