News

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

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Walking The Stimulus Check ‘Save Vs Spend’ Tightrope
Walking The Stimulus Check ‘Save Vs Spend’ Tightrope
August 03, 2020  |  Economy

Will saving for a rainy day today lead to economic clouds just a bit down the road? As a new week dawned, and lawmakers in...

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Burberry Opens Social Currency With Tencent Partnership
Burberry Opens Social Currency With Tencent Partnership
August 03, 2020  |  Retail

Innovation has been a welcome development for retailers in the pandemic. Pivoting business models have been the hallmark of some major changes, including the complete...

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Google Becomes $450M Investor In ADT For Home Security Tie-Up
Google Becomes $450M Investor In ADT For Home Security Tie-Up
August 03, 2020  |  Partnerships / Acquisitions

Alphabet Inc.’s Google is expanding its reach into the home-security business by buying a $450 million stake in ADT, the Florida-based provider of security and smart-home...

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New Levels Of Retail Earnings And Payment Challenges
New Levels Of Retail Earnings And Payment Challenges
August 03, 2020  |  Today In Data

COVID-19 and the ensuing economic downturn has caused B2B payment challenges to reach a new level. Vendors that once saw late buyer payments as unavoidable now risk...

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The Three Most Important Things In eCommerce Today
The Three Most Important Things In eCommerce Today
August 03, 2020  |  Retail

It may seem like the world of retail has been reduced to eCommerce overachievement and brick-and-mortar underachievement. But even as pandemic-fueled dynamics rage on, new...

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Bankruptcy Watch: Lord & Taylor And Tailored Brands File Chapter 11, Adding Urgency To Apparel Crisis
Bankruptcy Watch: Lord & Taylor And Tailored Brands File Chapter 11, Adding Urgency To Apparel...
August 03, 2020  |  Retail

Lord & Taylor and Tailored Brands surprised absolutely no one with their bankruptcy filings Sunday (Aug. 2), but another spate of bad news has added...

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Seven & i Holdings To Buy Marathon’s Speedway Fuel Stations For $21B
Seven & i Holdings To Buy Marathon’s Speedway Fuel Stations For $21B
August 03, 2020  |  Retail

As it wagers that a bigger presence in the United States will provide growth during the COVID-19 uncertainty, Seven & i Holdings Co. agreed to...

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Rents Drop In Top NYC Shopping Districts Amid Pandemic
Rents Drop In Top NYC Shopping Districts Amid Pandemic
August 03, 2020  |  Retail

The most high-end shopping areas in the United States are seeing tenants depart, and rents are dropping at a time when COVID-19 has halted tourism...

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Google Expands Digital DDA Program To Six New FIs
Google Expands Digital DDA Program To Six New FIs
August 03, 2020  |  Digital-First Banking

Six additional U.S. banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. BankMobile, BBVA USA, BMO Harris,...

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