News

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

Source: pymnts.com

Retailers Seek Pandemic Relief Measures In Their Leases

Retailers Seek Pandemic Relief Measures In Their Leases
Retailers Seek Pandemic Relief Measures In Their Leases
April 29, 2020  |  Retail

To include pandemic escape clauses and further mitigation, certain retail renters are seeking to recast their leases. Many retail leases restrict the occupant from seeking...

READ MORE >
Banks Aim AI At Credit Risk, Payments Services
Banks Aim AI At Credit Risk, Payments Services
April 29, 2020  |  Artificial Intelligence

Of the seemingly inexhaustible uses of artificial intelligence (AI) in the financial sector, its applications around managing credit risk and optimizing payment services are among...

READ MORE >
Credit Union Innovations Bring In New Payments Flows
Credit Union Innovations Bring In New Payments Flows
April 29, 2020  |  Credit Unions

The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at...

READ MORE >
U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
April 29, 2020  |  Economy

U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the...

READ MORE >
Mobile Remote Payments Are Tailor-Made For Post-Pandemic Business
Mobile Remote Payments Are Tailor-Made For Post-Pandemic Business
April 29, 2020  |  Payment Methods

The two-decade-long trot toward digitization has turned into an all-out wind sprint, propelled by a global pandemic. As the lockdown fog lifts and transmission fears...

READ MORE >
Crypto Businesses Overcome The Challenge Of Getting Banked
Crypto Businesses Overcome The Challenge Of Getting Banked
April 29, 2020  |  B2B Payments

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target...

READ MORE >
How B2B Trust Is Keeping Checks, Paper Invoices Humming Along
How B2B Trust Is Keeping Checks, Paper Invoices Humming Along
April 29, 2020  |  B2B Payments

Businesses shipping age-restricted goods like alcohol to other vendors often bump into quirky state regulations, like rules that make buyers pay immediately upon delivery –...

READ MORE >
FinTechs Expand Open Banking Opportunity For Banks
FinTechs Expand Open Banking Opportunity For Banks
April 29, 2020  |  B2B Payments

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This...

READ MORE >