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 Expected to Post Big 4Q and 2021 Gains

Macy’s Expected to Post Big 4Q and 2021 Gains
Macy’s Expected to Post Big 4Q and 2021 Gains
February 18, 2022  |  Earnings

Before the opening bell on Tuesday (Feb. 22), Macy’s is set to deliver its fourth-quarter and full-year 2021 sales and earnings report that is anticipated...

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Nepal Adopts India’s UPI Payments System to Boost its Digital Economy
Nepal Adopts India’s UPI Payments System to Boost its Digital Economy
February 18, 2022  |  Digital Payments

Nepal will become the first country beyond India to utilize India’s unified payments interface (UPI) system, a key step in transforming that nation’s digital economy,...

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Trax, Raistone Team on Invoice Payment Extensions
Trax, Raistone Team on Invoice Payment Extensions
February 18, 2022  |  Partnerships

Transportation spend management company Trax Technologies and FinTech Raistone Capital have teamed up to offer what the companies said will be “a joint solution designed...

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EMEA Daily: Crypto Products Less Regulated in UK Than in US, EU Brings Legal Fight to WTO Over China’s Alleged Patent Infringement
EMEA Daily: Crypto Products Less Regulated in UK Than in US, EU Brings Legal Fight to...
February 18, 2022  |  International

In today’s top Europe, Middle East, and Africa news, cryptocurrency lenders face less regulation in the U.K. than in the U.S., and the European Union...

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Peace is at Hand: Amazon, Visa, Settle Differences
Peace is at Hand: Amazon, Visa, Settle Differences
February 18, 2022  |  Big Tech

The simmering dispute over payment fees in the United Kingdom and elsewhere between Amazon and Visa has been settled. The eCommerce giant and the global...

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Hermes Slumps on Handbag Supply-Demand Imbalance
Hermes Slumps on Handbag Supply-Demand Imbalance
February 18, 2022  |  Retail

Paris-based luxury accessory producer Hermes struggled to meet customer demand during the 2021 holiday period, Reuters reported Friday (Feb. 18). Get the Full Story Complete...

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Mitchell & Ness Goes to Group Led by Fanatics and Jay-Z for $250M
Mitchell & Ness Goes to Group Led by Fanatics and Jay-Z for $250M
February 18, 2022  |  Acquisitions

Sportswear retailer Fanatics, rappers Jay-Z, Meek Mill and Lil Baby, and entrepreneur Maverick headline the star-studded new owners of retro sports apparel company Mitchell &...

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New Study: Most Utility Execs Place High Importance on Digital Bill Payments
New Study: Most Utility Execs Place High Importance on Digital Bill Payments
February 18, 2022  |  Digital Payments

While there’s been a longstanding trend toward digitized workflows and business processes among all businesses, the utilities and consumer finance industries have been particularly aggressive...

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PYMNTS Data: Loyalty Programs Best Way to Get Diners to Spend More
PYMNTS Data: Loyalty Programs Best Way to Get Diners to Spend More
February 18, 2022  |  Loyalty & Rewards

Most restaurants now offer consumers the ability to be rewarded for their spending, according to data from PYMNTS’ new Restaurant Friction Index, created in collaboration...

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