News

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

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As H&M Pivots to New Spenders, What Will Mango Do?
As H&M Pivots to New Spenders, What Will Mango Do?
December 27, 2023  |  Retail

As H&M works to attract a new set of shoppers, while Shein and Zara pick up more market territory in the fast fashion landscape, Mango,...

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Nearly 1 in 3 Hospitality SMBs Rely on National Banks for Credit
Nearly 1 in 3 Hospitality SMBs Rely on National Banks for Credit
December 27, 2023  |  SMBs

Main Street small and medium-sized businesses (SMBs), which faced challenges during the pandemic and managed to stay afloat, are aiming to stabilize their finances in...

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Gen Z Favors Brands vs Retailers for Card-Linked Offers
Gen Z Favors Brands vs Retailers for Card-Linked Offers
December 26, 2023  |  Retail

Retailers and brands are constantly seeking ways to foster customer loyalty and generate new sources of sales. One effective strategy is to leverage item-level receipt...

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Security Concerns Limit Growth of Instant Payments for Rent-Related Refunds
Security Concerns Limit Growth of Instant Payments for Rent-Related Refunds
December 26, 2023  |  Real-Time Payments

Rental prices keep on rising year after year, and some rental contracts have been tightened by requiring larger deposits at the signing. To illustrate: since...

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Korean Tech Firm Naver Aims to Expand Use of Its Robots 
Korean Tech Firm Naver Aims to Expand Use of Its Robots 
December 26, 2023  |  artificial intelligence

South Korea’s Naver reportedly wants to export its 5G-based cloud robotics technology to new countries. The Seoul-based company makes service robots dubbed Rookies, the subject of a...

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Banks Challenged While Construction Loans Hang Around
Banks Challenged While Construction Loans Hang Around
December 26, 2023  |  Loans

While this wasn’t a good year for commercial real estate, banks saw commercial loan growth. These loans — known as CRE loans — were up...

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Companies Build In-House AI Models for Specific Tasks
Companies Build In-House AI Models for Specific Tasks
December 26, 2023  |  artificial intelligence

Despite OpenAI’s popularity, businesses are reportedly turning to smaller artificial intelligence (AI) models that fit their needs. A report Tuesday (Dec. 26) by Quartz examines this...

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Report: Investors in EV Charging Grow ‘Weary’ Waiting for Profits
Report: Investors in EV Charging Grow ‘Weary’ Waiting for Profits
December 26, 2023  |  Investments

Electric vehicle (EV) charging companies reportedly don’t have much juice with investors these days. As The Wall Street Journal reported Tuesday (Dec. 26), companies like ChargePoint, Blink...

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Retailers Wrestle With ‘Trillion Dollar Problem’ of Returns
Retailers Wrestle With ‘Trillion Dollar Problem’ of Returns
December 26, 2023  |  Retail

The holiday shopping season has come to a close. The holiday returns season has just begun, and if past years are any indication, consumers could be...

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