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PYMNTS.com 02/19/2020 11:09
Walmart is still seeking the right combination of fashion and home, while its online shopping initiatives have been rewarded with an eCommerce grocery purchase boon. Marc Lore, who is Walmart’s U.S. eCommerce business president and chief executive officer, said the merchant is dedicated to providing shoppers with an attractive assortment of online goods, and, for […]
PYMNTS.com 02/19/2020 11:00
Quick-service restaurants (QSRs) are moving to fulfill digital orders as quickly and smoothly as possible. Some operators, such as Chipotle, are even launching store designs that showcase pick-up windows. And in retail, Essentia is ready for its un-Casper-like closeup. The sleep brand’s locations are thriving, and a few more are planned for this year. All this, Today in Data. Data: 2005: The year Essentia’s […]
PYMNTS.com 02/19/2020 09:30
Some people think the best thing about the Pennsylvania-based convenience store and fuel chain Wawa is their absurdly delicious jalapeño-stuffed pretzels, oozing with molten cheese. So very tasty. Bad people love Wawa, too – mostly for its large database of consumer information. In they went, stealing details of 30 million cards before the malware was […]
PYMNTS.com 02/19/2020 04:03
In the roughly six decades the card networks have been powering payments at the physical and digital points of sale, it’s hard to imagine that their ubiquity wasn’t always a given. The 1.0 version of card-based payments at the physical point of sale was far more fragmented and much more merchant-centric. What the card networks brought to retail point of sale, ChargeAfter Founder and […]
PYMNTS.com 02/19/2020 04:02
With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do. PYMNTS’ recent Making Real-Time Payments a Reality: Rising Demand for Real-Time […]
PYMNTS.com 02/19/2020 04:00
The emergence of a novel threat — particularly one like the COVID-19 coronavirus that originated in Wuhan, China — has a way of bringing out some of the best and most inventive traits in people. That is observable in the medical workers who have put their health and lives on the line, rescue workers who have streamlined […]
PYMNTS.com 02/19/2020 04:00
Business-to-business (B2B) transactions are often painfully slow for both buyers and sellers. Corporate buyers are forced to undergo many steps, such as placing orders by phone or from paper catalogues, then waiting for invoices in the mail. Sellers suffer, too, frequently undergoing long waits to receive compensation. For example, original equipment manufacturers (OEMs) spend an […]
PYMNTS.com 02/19/2020 03:19
The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. 18). The overall theme will be balancing taxpayer services with the IRS’ regulatory needs. The summit, according to BloombergTax, will include four 90-minute panels on technology […]
PYMNTS.com 02/19/2020 02:46
Macy’s credit rating has been downgraded to junk by S&P Global Ratings, just weeks after the former department store juggernaut released a cost-cutting measure to trim billions, the Financial Times reported Tuesday (Feb. 18). The move came after Macy’s announced a $1.5 billion cost-cutting plan to try and combat decaying revenues and the general stagnation […]
PYMNTS.com 02/19/2020 02:38
South Korea may be in danger of a recession in the wake of the deadly coronavirus because of its China-dependent economy, President Moon Jae-in warned. Moon called the virus “more serious than [they] thought,” and said action would need to be taken, the Financial Times reported. In South Korea, the biggest exporters — such as Hyundai […]

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