Department Stores Scaling Back as Consumer Spending Slows
Department Stores Scaling Back as Consumer Spending Slows
March 03, 2023  |  Retail

Department stores are adapting to slowing consumer demand by shrinking their operations. Macy’s is rolling out smaller format stores, while Nordstrom is ending its operations...

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An Insider’s Take on How Banks Can Tap BaaS for Growth
An Insider’s Take on How Banks Can Tap BaaS for Growth
March 03, 2023  |  Digital Banking

Banks are brands, but consumers care more about the brands they engage with on mobile apps or social media, Mbanq’s Vlad Lounegov explains — and...

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Consumers Like Payments Choice but Not Payments Clutter at Checkout
Consumers Like Payments Choice but Not Payments Clutter at Checkout
March 03, 2023  |  Buy Now Pay Later

Digital wallets, buy now, pay later (BNPL) and a wide range of credit cards and apps compete for space at the checkout, adding friction to...

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AI Critical to Making Business Payments Faster and Safer
AI Critical to Making Business Payments Faster and Safer
March 03, 2023  |  B2B Payments

“Real-time payments processing is becoming a reality in B2B,” Manish Jaiswal, chief product and technology officer at Corcentric, told PYMNTS. But as payments get faster,...

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Why Installments-as-a-Service Partnerships Beat ‘Build It’ Approach for Merchants
Why Installments-as-a-Service Partnerships Beat ‘Build It’ Approach for Merchants
March 03, 2023  |  Opinion

Partnerships with experienced and innovative technology firms can help businesses effectively work with their existing technology to expand reach, improve customer experience and manage data,...

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Digital-First Banks Well-Positioned to Win Small Business Hearts and Minds
Digital-First Banks Well-Positioned to Win Small Business Hearts and Minds
March 03, 2023  |  Digital Banking

Traditional FIs are at risk of losing their business banking relationships — especially with smaller firms. Doug Brown, president of NCR, told PYMNTS’ Karen Webster...

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FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%  
FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%  
March 03, 2023  |  Fintech Investments

Investors were in a “shoot first, ask questions later” frame of mind this past week. As for the FinTech IPO Index, earnings reports helped send...

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Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada
Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada
March 02, 2023  |  Retail

Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations...

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CFPB Finds Most BNPL Users Are Not Financially Distressed
CFPB Finds Most BNPL Users Are Not Financially Distressed
March 02, 2023  |  BNPL

BNPL users have relatively few financial safety nets in place should they run into difficulties managing their obligations.   That’s an if and not a when,...

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