News

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

(source: pymnts.com)

BNPL App Cashea Grows in Venezuela Amid Pent-Up Demand for Credit
BNPL App Cashea Grows in Venezuela Amid Pent-Up Demand for Credit
December 01, 2023  |  Buy Now Pay Later

Buy now, pay later (BNPL) app Cashea is reportedly experiencing growth as it provides a much-needed solution to credit-starved consumers in Venezuela. The app has...

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Consumers Take Advantage of Deals, BNPL as Holiday Shopping Kicks Off
Consumers Take Advantage of Deals, BNPL as Holiday Shopping Kicks Off
December 01, 2023  |  Retail

Despite economic uncertainty, consumers have been spending in the week after Thanksgiving to complete a portion of their holiday shopping and take advantage of the...

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Report: Negotiations Continue After Neiman Marcus Rejects Saks Takeover Bid
Report: Negotiations Continue After Neiman Marcus Rejects Saks Takeover Bid
December 01, 2023  |  Retail

Neiman Marcus has reportedly rejected a $3 billion takeover bid from Saks Fifth Avenue. The two luxury department store chains have been engaged in negotiations...

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Express CEO Admits Product Assortment Failed to Connect With Customers
Express CEO Admits Product Assortment Failed to Connect With Customers
December 01, 2023  |  Retail

This quarter, fashion retailer Express is looking at merchandise discounts to draw in more shoppers.  During the latest earnings call, CEO Stewart Glendinning acknowledged the retailer’s...

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Credit Agricole Considers Acquiring Stake in Worldline
Credit Agricole Considers Acquiring Stake in Worldline
December 01, 2023  |  Acquisitions

French payment processing company Worldline experienced a surge of nearly 12% in its shares Friday (Dec. 1) following a report that French lender Credit Agricole...

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Ulta Rings up Beauty Value for Shoppers
Ulta Rings up Beauty Value for Shoppers
December 01, 2023  |  Retail

Ulta Beauty is delivering bargains and luring customers. During an earnings call with investors Thursday (Nov. 30), CEO Dave Kimbell shared that the retailer experienced...

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Panera Brands Plans Confidential IPO in 2024
Panera Brands Plans Confidential IPO in 2024
December 01, 2023  |  IPO

Panera Brands, the casual dining group owned by investment group JAB, has confidentially filed paperwork for an initial public offering (IPO) in the U.S., according...

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Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
December 01, 2023  |  Faster Payments

Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs. Although it is...

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Amazon Amps Up AI Efforts, While Walmart Takes a Shoppable Blockbuster Approach
Amazon Amps Up AI Efforts, While Walmart Takes a Shoppable Blockbuster Approach
December 01, 2023  |  Retail

This week, eCommerce giant Amazon rolled out a new slew of artificial intelligence (AI) tools, giving brands and retailers a chance to upgrade their customer experiences without...

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