News

Retail
Fabletics Says Info-Empowered Shoppers Demand ‘Authentic’ Real-Time Responses
February 23, 2023

At a time when more shopping is being done on mobile devices or with one in-hand, the need for a synchronous experience is a retail must. “I always look at myself, my family and the people around me and how they shop,” Fabletics SVP and...

Banking
Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
February 22, 2023

In this report, PYMNTS takes a look at the 2022 full-year performance of the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest. Barclays Barclays started 2023 on a rough note, announcing a 15% year-over-year (YoY) drop in profit to $7.2 billion in 2022,...

Cross-border Payments
Freedom Bank Implements Visa B2B Connect in Kazakhstan
February 22, 2023

Freedom Finance Bank Kazakhstan JSC and Visa have partnered to facilitate cross-border payments from the central Asian country. UZ Daily reported Tuesday (Feb. 21) that the bank is deploying the Visa B2B Connect payment service in Kazakhstan, allowing companies in the country to make international...

Payment Methods
Construction Platform Buildertrend Adds Suite of Adyen Embedded Payments Tools
February 22, 2023

Adyen and Buildertrend have teamed up to enable expedited payments for construction businesses. With this collaboration, Buildertrend is using Adyen for Platforms to add embedded finance to its residential construction project management platform, the companies said in a Wednesday (Feb. 22) press release. “We want to help our customers simplify their...

B2B Payments
How Data-Informed Decisions Help CFOs Manage Spend and Growth Cycles
February 22, 2023

Today’s changing economy is driving new spending priorities as organizations look to boost operational fundamentals. Businesses want technology to help them be strategically proactive with growth in the face of macro headwinds. They are turning to data-backed insights around return on investment (ROI) to do...

Payment Methods
ACH Network Sees Same Day Payments Up 15.5% and B2B Rise 11.8% in ’22
February 22, 2023

Same Day ACH and B2B payments on the ACH Network saw double-digit growth in 2022. These gains came during a year in which, overall, the number of payments processed by the ACH Network grew 3% to 30 billion and the value of those payments rose...

Digital Banking
Wells Fargo to Launch Digital Platform for Wealth Management
February 22, 2023

Wells Fargo is preparing to launch a digital platform offering clients tools for wealth management. The new LifeSync, which will be available to select clients of the bank’s Wealth and Investment Management (WIM) division at the end of March, will provide real-time progress on goals,...

eCommerce
MikMak Plans to Acquire Fellow eCommerce Platform Swaven
February 22, 2023

MikMak says it is going global by purchasing fellow eCommerce firm Swaven. The company announced the proposed acquisition Wednesday (Feb. 22), saying it would open the door to markets in Latin America, Europe, Africa and the Middle East and the Asia-Pacific region, all places where...

Delivery
Panera Adds Free Delivery Subscription Option as Restaurants Rethink Memberships
February 22, 2023

As restaurants explore more possibilities for subscription commerce, Panera has added a $0 delivery option. On Wednesday (Feb. 22), fast-casual giant Panera Bread, which has more than 2,000 locations across the U.S. and Canada, announced the addition of an annual membership option to its Unlimited...