News

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

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The Digitally Reshaping Market 
The Digitally Reshaping Market 
August 06, 2020  |  Today In Data

In a world gone digital, consumers have changed, forcing those who serve them to modify nearly every interaction. When physical options are shut down, only those...

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Retail Real Estate Floats New Business Models
Retail Real Estate Floats New Business Models
August 06, 2020  |  Retail

Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a...

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Canadian Tire Posts Worse-Than-Expected Losses In Q2
Canadian Tire Posts Worse-Than-Expected Losses In Q2
August 06, 2020  |  Retail

As its stores shuttered to prevent the spread of COVID-19 earlier this year, the Canadian Tire Corp. Ltd. posted worse than expected second-quarter (Q2) losses...

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Adidas Posts Losses Of $400M In Q2, But Expects Q3 Rebound
Adidas Posts Losses Of $400M In Q2, But Expects Q3 Rebound
August 06, 2020  |  Retail

Adidas AG, the global sneaker maker, revealed losses of nearly $400 million in the second quarter (Q2) amid store closures to prevent the spread of...

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Credit Unions Tackle Tech On Multiple Fronts
Credit Unions Tackle Tech On Multiple Fronts
August 06, 2020  |  credit union tracker

Credit unions (CUs) are shaking off the last vestiges of their image problem (in a word: outdated) by embracing digital-first products and services at an...

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US Jobless Claims Fall To 1.2M In Latest Week, But Top 55M Since Pandemic Began
US Jobless Claims Fall To 1.2M In Latest Week, But Top 55M Since Pandemic Began
August 06, 2020  |  Economy

The number of Americans who filed for unemployment benefits fell last week after two consecutive weeks of increases, the U.S. Department of Labor (DOL) reported...

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The Bank-FinTech Tie-Up Evolves
The Bank-FinTech Tie-Up Evolves
August 06, 2020  |  B2B Payments

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their...

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Offline Bowling Goes Online Amid the COVID-19 Health Crisis
Offline Bowling Goes Online Amid the COVID-19 Health Crisis
August 06, 2020  |  Authentication

Not many consumers are making their way to bowling alleys these days, so some operators see the chance to strike it big by taking bowling...

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Bank Of England Ups Monzo’s Capital Requirements
Bank Of England Ups Monzo’s Capital Requirements
August 06, 2020  |  Digital-First Banking

Monzo Bank Ltd,  the London-based online bank, must now have a capital worth of 13.6 percent of its risk-weighted assets to guard against potential losses....

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