News

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

Source: pymnts.com

Mnuchin, Powell See Need For More SMB Stimulus Amid Economic Risks
Mnuchin, Powell See Need For More SMB Stimulus Amid Economic Risks
December 01, 2020  |  Economy

Several programs aimed at extending emergency funding to businesses and governments are ending — but we’re not out of the woods yet, according to Capitol...

READ MORE >
Black Friday Data: Amazon Tightens Digital-First Market Share Grip
Black Friday Data: Amazon Tightens Digital-First Market Share Grip
December 01, 2020  |  Retail

Amazon’s grip on the online shopping industry appears to be tightening. A new survey of Black Friday shoppers from PYMNTS showed the Seattle retailing giant...

READ MORE >
Today In Digital-First Banking: ECB President Warns Of Stablecoin Risks; Velo Labs Collaborates With Lightnet, Visa
Today In Digital-First Banking: ECB President Warns Of Stablecoin Risks; Velo Labs Collaborates With Lightnet,...
December 01, 2020  |  News

In today’s top news in digital-first banking, European Central Bank (ECB) President Christine Lagarde cautioned that stablecoins could be a risk to monetary sovereignty, while...

READ MORE >
Wendy’s, Rebel Foods Partner For 250 Ghost Kitchens In India
Wendy’s, Rebel Foods Partner For 250 Ghost Kitchens In India
December 01, 2020  |  International

U.S.-based fast food chain Wendy’s is partnering with India’s Rebel Foods and Sierra Nevada Restaurants to launch roughly 250 ghost or cloud kitchens across India....

READ MORE >
Today In Payments Around The World: Meituan Revenues Surge 28.8 Pct; Amazon Merchants Cash In With $4.8 Billion Global Holiday Sales
Today In Payments Around The World: Meituan Revenues Surge 28.8 Pct; Amazon Merchants Cash In...
December 01, 2020  |  News

In today’s top payments news around the world, total revenues for China-based Meituan increased in Q3 by 28.8 percent year over year, and Amazon merchants...

READ MORE >
Kohl’s Teams With Sephora To Launch In-Store Shops
Kohl’s Teams With Sephora To Launch In-Store Shops
December 01, 2020  |  Retail

Kohl’s and Sephora are partnering for a long term shop-in-shop strategy to enhance the selection of available beauty products. Get the Full Story Complete the...

READ MORE >
Cyber Monday: Sales Records Abound For Obsolete Holiday
Cyber Monday: Sales Records Abound For Obsolete Holiday
December 01, 2020  |  Retail

Anyone who missed the significance of Cyber Monday this year gets a hall pass. The pandemic has rendered what started in 2005 as a reason...

READ MORE >
Today In B2B: Virgin Money Chooses Biz Banking Partner, Iceland Debuts Instant Payments
Today In B2B: Virgin Money Chooses Biz Banking Partner, Iceland Debuts Instant Payments
December 01, 2020  |  B2B Payments

Today in B2B payments, Virgin Money has tapped a FinTech partner as it prepares the rollout of its business banking offering, while Iceland debuts its...

READ MORE >
EU’s Vestager Looks To Curb Power Of Fast-Growing Tech Platforms
EU’s Vestager Looks To Curb Power Of Fast-Growing Tech Platforms
December 01, 2020  |  Regulation

European Union competition watchdogs are looking to not only rein in today’s Big Tech online platforms, but also create rules that would prevent new companies...

READ MORE >