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U.S. retail and food services sales saw a month-over-month decline of 0.9% in May after slipping 0.1% in April, the Census Bureau reported Tuesday (June 17).
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The greatest declines were in the automotive and building materials sectors, the Bureau said in a Tuesday press release.
The drops in those sectors suggest that after consumers raced to buy those products earlier...
Amazon says its annual Prime Day sale is doubling in size this summer.
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The retail giant announced Tuesday (June 17) that the event will stretch over four days instead of the usual two, running from July 8 through July 11.
Also new this year is something called “Today’s Big Deals.” According to Amazon’s announcement, these are “themed daily deal drops” exclusive to Prime...
It would be easy to write a pun-filled puff piece about David’s Bridal. After all, it has achieved the leading market share for a $65 billion industry focused on connection, romance and, hopefully, happiness.
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It would even be easy to write a feel-good story about its business progress, fighting through a pandemic and its lockdowns and then innovating its way out of...
Autonomous vehicle startup Applied Intuition has reportedly raised $600 million in new funding.
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The financing more than doubles the company’s valuation to $15 billion, Bloomberg News reported Tuesday (June 17) ahead of a formal announcement.
Applied Intuition, the report notes, works with 18 of the world’s biggest carmakers — including Toyota and Volkswagen — to...
Digital asset startup Ubyx has raised $10 million to promote what it calls “stablecoin ubiquity.”
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In other words, the company said in announcing its seed round Tuesday (June 17), Ubyx aims to deliver on the “global acceptance of many stablecoins,” with participating issuers that include Paxos, Ripple, Agora, Transfero, Monerium and GMO Trust.
“The stablecoin market...
Building the plumbing for the next generation of financial services is the goal of the cryptocurrency sector.
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Innovations in money movement need infrastructure to scale, and crypto as a service (CaaS) could help it get there.
Brett McLain, head of payments and blockchain at Kraken, told PYMNTS that, with his firm’s launch of its CaaS model in partnership with equities...
Self-service models are emerging not merely as a convenience but as a powerful catalyst for faster commerce and payments experiences at every consumer touchpoint.
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This paradigm shift is particularly evident in high-traffic environments, where consumer expectations for speed, personalization and frictionless interactions are paramount.
Sports and entertainment venues...
The trucking and transportation industry depends on timing. When parts, fuel or payments don’t arrive on time, everything downstream suffers. In recent years, instant payments have helped address part of this challenge, enabling fast and secure vendor disbursements. However, while fuel providers now receive urgent payouts, drivers often don’t — and that imbalance is becoming harder to ignore...
In an era where liquidity defines corporate survival, the back office has become a strategic battleground.
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The unglamorous accounts receivable (AR) function, once considered a cost center, is at the heart of this transformation. AR had been synonymous with manual invoices, aging spreadsheets, and overdue notices. But now, a wave of automation, data intelligence, and...
Latin America’s financial landscape continues its digital transformation as digital payments rapidly displace traditional cash transactions, signaling a new era for commerce and financial inclusion.
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A recent PYMNTS Intelligence report titled, “Digital Payments Reshape Commerce Across Latin America,” a collaboration with Galileo Financial Technologies, details how...