News

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

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S&P Global Downgrades Saks Global’s Credit Rating, Citing Financing Package
S&P Global Downgrades Saks Global’s Credit Rating, Citing Financing Package
July 11, 2025  |  Business

S&P Global Ratings has downgraded its issuer credit rating on Saks Global Enterprises from “CCC+” to “CC,” saying the luxury retailer’s proposed $600 million financing transaction...

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New OCC Head May Focus on Digital Assets and New Bank Formation
New OCC Head May Focus on Digital Assets and New Bank Formation
July 11, 2025  |  Bank Regulation

On Thursday (July 10), the United States confirmed Jonathan Gould as Comptroller of the Currency, becoming the first permanent head of the banking regulator in...

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Why CFO Now Stands for ‘Chief Forecasting Officer’
Why CFO Now Stands for ‘Chief Forecasting Officer’
July 11, 2025  |  CFO

For decades, the title of chief financial officer evoked an image of someone buried in spreadsheets and focused on quarterly closes, regulatory compliance and carefully...

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French and UK Authorities Arrest Suspects in 2 Separate Ransomware Cases
French and UK Authorities Arrest Suspects in 2 Separate Ransomware Cases
July 11, 2025  |  Security & Fraud

Five people have been arrested in Europe in two separate, unrelated cases related to ransomware, Ars Technica reported Thursday (July 10). Get the Full Story...

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Robinhood CEO’s AI Math Wiz Valued at $900M
Robinhood CEO’s AI Math Wiz Valued at $900M
July 11, 2025  |  artificial intelligence

Harmonic AI, the artificial intelligence startup co-founded by Robinhood Markets CEO Vlad Tenev, has raised $100 million in a Series B round, bringing its valuation...

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Finance Teams Use AI to Enhance Visibility Amid Rising Tariff Pressures
Finance Teams Use AI to Enhance Visibility Amid Rising Tariff Pressures
July 11, 2025  |  Supply Chain

American enterprises are under pressure. Between renewed tariff hikes, global supply chain instability and rising operational costs, many firms face decision points that could shape...

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Why Banks Say ‘No’ to Nearly 3 in 10 Micro-Businesses
Why Banks Say ‘No’ to Nearly 3 in 10 Micro-Businesses
July 11, 2025  |  SMBs

The quest for profitable small business lending is often thwarted not by a lack of demand, but by a shortage of reliable data. Get the...

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CFOs Face Pressure to ‘Slow Down to Speed Up’ Payments
CFOs Face Pressure to ‘Slow Down to Speed Up’ Payments
July 11, 2025  |  B2B Payments

Watch more: CFOs Face Mounting Pressure to Secure Faster B2B Payment Rails Get the Full Story Complete the form to unlock this article and enjoy...

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Debit Rewards Are Retail’s Next Game Changer, Says Galileo
Debit Rewards Are Retail’s Next Game Changer, Says Galileo
July 11, 2025  |  Opinion

Co-branded debit rewards are helping companies boost loyalty and customer engagement, Galileo Financial Technologies CEO Derek White writes in a new PYMNTS eBook, “Halftime 2025:...

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