Parents can now provide their 7- to 12-year-old kids with a wearable payment device powered by Google Wallet and GoHenry by Acorns. The two organizations have partnered to provide this tool to help parents teach their kids how to manage money and spend it safely and responsibly,...
As consumers begin to adopt social media channels to make purchases, PYMNTS Intelligence found which apps shoppers are turning to for different kinds of retail products. By the Numbers The PYMNTS Intelligence report “Tracking the Digital Payments Takeover: Monetizing Social Media” was based on a...
FLYR raised $295 million to accelerate the development and delivery of its reservation systems and artificial intelligence-based decision automation solutions to travel industry companies around the globe. The company raised $225 million in Series D capital and an additional $70 million in credit, bringing the...
Consumers are thinking twice before pulling the trigger to buy even everyday items — a hesitation to spend that’s evidencing itself in slowdowns and headwinds for all manner of firms across all avenues of commerce. There’s resilience, to be sure, but the resilience looks to be...
Earlier this year, Macy’s launched a restructuring initiative called “A Bold New Chapter,” aimed at reinvigorating the company and driving growth. The strategy focuses on strengthening the core Macy’s brand through store enhancements, expanded product offerings and cost reductions. A major theme of Macy’s overarching...
So far this year, PYMNTS Intelligence data has illuminated a wide range of shopper behaviors, highlighting how omnichannel engagement is changing over time and how economic pressures are impacting spending habits. Here are five key takeaways about shopper behavior from 2024 so far. The Rise...
Embedded banking firm ClearBank expanded from the United Kingdom to Europe. The newly established ClearBank Europe N.V. is headquartered in the Netherlands and has a Dutch banking license. It will offer U.K. and European institutions clearing and embedded banking services across Europe, according to a...
As retail giants Amazon and Walmart compete to be consumers’ go-to for more of their day-to-day needs, the two companies are looking to delivery times as a key factor influencing shopper loyalty. Amazon, for its part, shared on its Q2 earnings call last week how...
The wild Wall Street ride continues as earnings have moved the FinTech IPO Index hither and yon, though the past week wound up being mostly a draw, as the overall Index slipped a relatively tame 0.4%. Despite the cases where several names reported positive momentum,...