News

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

Source: pymnts.com

Chinese Consumers Resume Buying Luxury Brands

Chinese Consumers Resume Buying Luxury Brands
Chinese Consumers Resume Buying Luxury Brands
September 01, 2020  |  International

Chinese consumers who have the money to spend are doing exactly that on retail splurges — but that hasn’t translated evenly across all sectors of...

READ MORE >
Walmart’s Stock Up 6 Pct On Its News Of Walmart+
Walmart’s Stock Up 6 Pct On Its News Of Walmart+
September 01, 2020  |  Walmart

Stock for retail giant Walmart got a $24 billion boost upon the store’s announcement of a subscription membership service, Walmart+, CNBC reported. Get the Full...

READ MORE >
Boxed Looks For Buyers
Boxed Looks For Buyers
September 01, 2020  |  Retail

Boxed, the U.S. online wholesale retailer sometimes called “Costco for millennials,” is seeking a buyer, Reuters reported. Get the Full Story Complete the form to...

READ MORE >
TikTok Sale Stalls Over Algorithm Uncertainty
TikTok Sale Stalls Over Algorithm Uncertainty
September 01, 2020  |  Partnerships / Acquisitions

After China created new limitations on the export of artificial intelligence (AI) technology, a potential deal for TikTok’s American operations is facing a hurdle as...

READ MORE >
Plaid Woos Banks With New Instant Account Update Feature
Plaid Woos Banks With New Instant Account Update Feature
September 01, 2020  |  Digital-First Banking

Plaid is doubling down on its push to connect banks to FinTechs and their customers with a new, instant account update feature. Get the Full...

READ MORE >
Regulatory Costs To Be Paid By Google Advertisers
Regulatory Costs To Be Paid By Google Advertisers
September 01, 2020  |  Google

Google has enacted a plan to pass on the cost of digital services taxes in Europe to advertisers instead, according to a Financial Times (FT)...

READ MORE >
Fed’s Brainard: Additional Stimulus Required To Counter Pandemic Effects
Fed’s Brainard: Additional Stimulus Required To Counter Pandemic Effects
September 01, 2020  |  Economy

A Federal Reserve governor said Tuesday (Sept. 1) that the central bank has to launch initiatives “in coming months” to assist the economy in surmounting...

READ MORE >
Cornerstone To Buy FXPress, Boost SMB Payment Services
Cornerstone To Buy FXPress, Boost SMB Payment Services
September 01, 2020  |  B2B Payments

Cornerstone Brands plans to acquire payments processor FXPress in a deal that also includes a sale of the existing Cornerstone business and restructuring of capital,...

READ MORE >
Mexico Receives $3.53B In Remittances In July, Third Highest On Record
Mexico Receives $3.53B In Remittances In July, Third Highest On Record
September 01, 2020  |  Cross-border Payments

Mexico obtained $3.53 billion in remittances in July to reach the third-highest point recorded, marking a rise of over 7 percent from $3.29 billion in...

READ MORE >