News

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

Source: pymnts.com

Plaid And Square Partner On Easier ACH Payments For SMBs
Plaid And Square Partner On Easier ACH Payments For SMBs
May 20, 2021  |  Payment Methods

Financial services company Plaid announced Thursday (May 20) it has formed a partnership with Square to help U.S merchants process automated clearinghouse — ACH —...

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IHOP Relaunching Fast-Casual Spin-off flip’d After Pandemic Delay
IHOP Relaunching Fast-Casual Spin-off flip’d After Pandemic Delay
May 20, 2021  |  Restaurant innovation

After an 18-month delay, IHOP announced that it is relaunching its fast-casual restaurant brand flip’d this summer, in what will serve largely as a takeout-oriented...

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Square Takes On Major ResTech Providers With New POS System
Square Takes On Major ResTech Providers With New POS System
May 20, 2021  |  ResTech

Square’s kitchen display system (Square KDS) is now available to restaurants as a stand-alone product via subscription, according to a press release emailed to PYMNTS....

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NY Fed: Most Borrowers Who Took Forbearances Amid The Pandemic Have Exited Forbearance
NY Fed: Most Borrowers Who Took Forbearances Amid The Pandemic Have Exited Forbearance
May 20, 2021  |  Loans

More than one in 10 mortgage borrowers participated in a mortgage forbearance during the past year for at least a month, but many of them...

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Hotel Platform Oyo, Hit By India’s COVID-19 Surge, Seeks $600 Million
Hotel Platform Oyo, Hit By India’s COVID-19 Surge, Seeks $600 Million
May 20, 2021  |  International

The current surge in COVID-19 cases in India is hitting SoftBank-backed Oyo Hotels hard, so the startup is searching for cash. The hotel platform wants...

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New Jobless Claims Drop To 400K, Lowest Level Since Pre-Pandemic
New Jobless Claims Drop To 400K, Lowest Level Since Pre-Pandemic
May 20, 2021  |  Economy

The U.S. Labor Department had more good news on the economic front, as the (seasonally adjusted) number of people filing for unemployment dropped to 444,000...

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JPMorgan Chase Launches In-House Healthcare Company, Morgan Health
JPMorgan Chase Launches In-House Healthcare Company, Morgan Health
May 20, 2021  |  Healthcare

Following the collapse of its joint health venture with Amazon and Berkshire Hathaway earlier this year, J.P. Morgan Chase said Thursday (May 20) it would...

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Ralph Lauren’s Worldwide Digital Revenue Accelerates
Ralph Lauren’s Worldwide Digital Revenue Accelerates
May 20, 2021  |  Retail

Ralph Lauren Corporation said that worldwide digital revenue accelerated throughout owned and wholesale digital channels and throughout every geography in the fourth quarter, according to...

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Emerging Trends In Retail Earnings And Consumer Behavior
Emerging Trends In Retail Earnings And Consumer Behavior
May 20, 2021  |  Active Study

Target posted quarterly earnings that came out ahead of expectations, as it rode the strength of stimulus checks, private-label clothing and digital strategy honed during the pandemic. In...

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