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New Fashion Startup Bets Its Future On Off-Price Luxury

PYMNTS

It’s hard to find a retail fashion category that’s reliably successful these days. Fast fashion already claimed a victim this week as Lucky Brand filed for bankruptcy, and H&M announced it was shuttering 170 stores across the globe due to the pandemic-driven digital shift. New retail dynamics show that Garito is on to something.

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Google’s New AR Feature Lets Users Try Cosmetics Before Buying

PYMNTS

shoppers are planning to buy online,” Archana Kannan, group product manager of shopping for Google, said in a blog post on Thursday (Dec. Participating brands include L’Oreal, MAC Cosmetics, Nars, Black Opal and Charlotte Tilbury. With the holidays right around the corner, more than 73 percent of U.S.

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Top News In Payments: Central Bank Coin Currency At Least A Decade Away; US Economy Could Lose $10B To Chinese Travel Ban

PYMNTS

In this month’s B2B API Tracker, BNP Paribas VP of Innovation and Product Management for Trade and Treasury Solutions Charlotte Hausemer explains how APIs (application programming interfaces) are reshaping corporate spending with precise liquidity management and real-time payments tracking.

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 Visa B2B Connect Goes Global

PYMNTS

In an interview with PYMNTS, Kevin Phalen, head of Global Business Solutions at Visa, told Karen Webster that Visa B2B Connect acts as a brand new, end-to-end global payments network, built on using elements of distributed ledger technology (DLT) and the open source Hyperledger Fabric framework hosted by The Linux Foundation. Mastercard, Too.

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Belk Works On Building Its New Legacy

PYMNTS

About a year and a half after the chain was sold off to a private equity group, Charlotte-based Belk is opening up new stores, though less well-performing ones are being shuttered. We’re going to take that brand message and the legacy the Belks have built and continue building on it. Most brands can’t do exactly what Belk has done.

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Checkout Features, Visa Interchange Rates, Gaana’s Music Service Top This Week’s News

PYMNTS

A genuine sea of change is rising in terms of how merchants want to interact with their shoppers and how consumers want to manage their transactions. Stripe Powers Digital, In-Store Payments For Lightspeed Retail, Restaurant Customers. Why Consumers Are Firing Traditional Retailers. and Canada. and Canada.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. In 2019, we increased GPU by $750. New Markets.

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