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Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe

PYMNTS

The company is struggling with online competition and changing clothing trends, like sustainable fashion and secondhand clothing. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported. The 35-year-old company has 815 stores in 57 countries, over 500 of them in the US.

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Wells Fargo Fallout, New Amazon Payments Top Week’s News

PYMNTS

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. Instant payments are lauded for their convenience, ease and most importantly, for their speed.

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Blockchain Believers Remain Bullish On B2B Payments Disruption: PayPie

PYMNTS

Dun & Bradstreet recently released a survey that found only about one-quarter of finance executives believe blockchain will emerge as the dominant B2B payments technology by 2028; instead, professionals believe online payments and eChecks will lead the way.