News

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

Source: pymnts.com

Klarna Reports $53 Billion In Gross Merchandise Volume For 2020
Klarna Reports $53 Billion In Gross Merchandise Volume For 2020
February 25, 2021  |  Retail

Klarna reported record gross merchandise volume for the full year January to December 2020, with total net operating income exceeding $1 billion, according to a...

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Affirm Launching Buy Now, Pay Later Debit Card
Affirm Launching Buy Now, Pay Later Debit Card
February 25, 2021  |  Buy Now Pay Later

Silicon Valley FinTech Affirm is launching a debit card with buy now, pay later (BNPL) functionality, the company announced in a Thursday (Feb. 25) blog...

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Department Store Retailer Belk Completes Financial Restructuring
Department Store Retailer Belk Completes Financial Restructuring
February 25, 2021  |  Retail

Belk has finished its financial restructuring, working out an accelerated pre-packaged single-day reorganization. The department store retailer’s plan of reorganization garnered near-full support from its...

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Coinbase S-1 Shows The Rewards (And Risks) Of Bitcoin Trading   
Coinbase S-1 Shows The Rewards (And Risks) Of Bitcoin Trading   
February 25, 2021  |  Cryptocurrency

The markets are lofty, and the queue of companies filing to go public is getting longer. Get the Full Story Complete the form to unlock...

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Advent’s TSG, Clearent Merger Would Create $3 Billion Payments Firm
Advent’s TSG, Clearent Merger Would Create $3 Billion Payments Firm
February 25, 2021  |  Partnerships / Acquisitions

A merger of payments firms Transaction Services Group (TSG) and Clearent is said to be in the works by the private equity firm Advent International,...

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Teen Banking Firm Step Logs Over One Million Users
Teen Banking Firm Step Logs Over One Million Users
February 25, 2021  |  Digital-First Banking

Teen banking firm Step announced on Thurs. (Feb. 25) that it has amassed over 1 million users since its launch four months ago. Get the Full...

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Monica Williams, Former Zillow Exec, Named CFO Of Tango Card
Monica Williams, Former Zillow Exec, Named CFO Of Tango Card
February 25, 2021  |  Personnel

Digital rewards and loyalty provider Tango Card has appointed Monica Williams to the position of chief financial officer (CFO), according to a Thursday (Feb. 25) announcement...

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New Travel App Ranking A Who’s Who Of OTAs And Hospitable Brands
New Travel App Ranking A Who’s Who Of OTAs And Hospitable Brands
February 25, 2021  |  Mobile Applications

While not technically a “factory” we are terribly, really, very busy at the PYMNTS Provider Ranking Research Facility lately. You may have noticed. And it...

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Jobless Claims Drop Below 800,000
Jobless Claims Drop Below 800,000
February 25, 2021  |  Economy

New jobless claims dropped below 800,000 for the first time during the pandemic, and although numbers are still way above normal levels, they are better...

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