News

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

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Lowe’s Goes For Major eCommerce Makeover
Lowe’s Goes For Major eCommerce Makeover
February 27, 2020  |  Retail

When its website went down for a few hours on Black Friday 2018, it was an online disappointment for home improvement titan Lowe’s. It was...

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How The Gig Economy Has Evolved Over The Last Decade
How The Gig Economy Has Evolved Over The Last Decade
February 27, 2020  |  Gig Economy

A quick glance at the workforce of 2020 doesn’t immediately present itself as all that different from the workforce of the year 2000. The major...

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Coronavirus Affects Movies, Toys, Earnings And Air Travel
Coronavirus Affects Movies, Toys, Earnings And Air Travel
February 27, 2020  |  International

The COVID-19 virus, also known as the coronavirus, is continuing to spread around the world, and it’s affecting everything from movie release dates to air...

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Today In Payments: US Firms In China Could Miss Projections By 50 Pct; Square Cash App Users Grow 60 Pct YOY
Today In Payments: US Firms In China Could Miss Projections By 50 Pct; Square Cash...
February 27, 2020  |  News

In today’s top payments news, U.S. companies in China warned annual revenue might be off by almost 50 percent due to the coronavirus, Square posted...

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Europe’s Financial Forces Launch Cybersecurity Sharing Initiative
Europe’s Financial Forces Launch Cybersecurity Sharing Initiative
February 27, 2020  |  Security & Fraud

A cross-section of European financial powerhouses – including members of the Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB), chaired by the European Central...

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Skip And Paytronix Team Up On Mobile Checkout, Loyalty Incentives
Skip And Paytronix Team Up On Mobile Checkout, Loyalty Incentives
February 27, 2020  |  Point of Sale

Cloud point of sale and mobile checkout company Skip has teamed up with guest experience platform Paytronix Systems to beef up shopper engagement, push revenue...

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Virgin Money, Lloyds To Cut 1,200 Jobs
Virgin Money, Lloyds To Cut 1,200 Jobs
February 27, 2020  |  Personnel

Virgin Money is laying off a quarter of its branch network, shedding 500 jobs. Meanwhile, Lloyds Banking Group has announced plans to cut 780 more...

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7-Eleven And Amazon Step Up Automated Store Tech
7-Eleven And Amazon Step Up Automated Store Tech
February 27, 2020  |  Unattended Retail

Cashierless technology is finally hinting at a mainstream rollout, with 7-Eleven’s announcement that it is piloting a cashierless store, taking a cue from Amazon and...

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Luxury Uber Alternative Wheely Wants To Expand, Raise $30M
Luxury Uber Alternative Wheely Wants To Expand, Raise $30M
February 27, 2020  |  Ridesharing

Luxury Uber alternative Wheely, a ride-hailing company that’s aimed toward more affluent customers and has drivers that arrive in high-end Mercedes-Benz vehicles, wants to raise...

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