News

Digital Banking
Santander Says Its US Digital Bank Will Become Full Service
October 24, 2024

Three days after Santander launched its digital bank in the United States, offering high-yield savings accounts, Executive Chair Ana Botin reportedly said the bank will have a full-service digital bank in the country by the end of 2025. Santander’s digital bank, Openbank, is Europe’s largest...

Retail
Connecting With Consumers: Hasbro and Mattel Embrace Digital Strategies
October 24, 2024

As Hasbro and Mattel revamp their strategies, the toy industry is entering a phase driven by digital transformation and consumer connectivity. Hasbro is capitalizing on its strengths in gaming and licensing, refreshing cherished franchises and expanding its intellectual property through digital platforms. At the same...

B2B Payments
Global Growth and Painless Payments Headline This Week in B2B
October 24, 2024

As the monthlong B2B Payments: Outlook 2030 event has revealed, the future of B2B payments is fast, global and all about innovation. Still, uncertainty remains an invisible expense on nearly every company’s ledger. Finance teams are scrambling to maintain control while juggling cash flow concerns,...

eCommerce
Report: Half of Retailers Have Real-Time Data Deficit That Cost Them Sales
October 24, 2024

  “Data readiness” refers to an organization’s ability to collect, manage and use data effectively. It involves ensuring that the data is accurate, accessible, secure and in a format that supports business decision making. The value is clear. Analyzing the most current data can quicken...

B2B Payments
Embedded Payments Become Backbone of B2B Commerce
October 24, 2024

In the world of B2B, where game-changing deals can hinge on the workflows surrounding a transaction, payments are no longer an afterthought — they’re a strategic asset. And businesses are turning to embedded payment solutions to automate and streamline the way they pay and get...

Retail
Two-Thirds of Consumers Now Use Some Digital Shopping Features
October 24, 2024

In an era where online and in-store shopping are becoming intertwined, Click-and-Mortar™ shopping is emerging. This hybrid shopping style reflects a growing consumer preference for integration between digital and physical retail experiences. A PYMNTS Intelligence report, “2024 Global Digital Shopping Index: The Rise of the...

Digital Banking
Evolve to Begin Returning Funds to Synapse Brokerage End Users in November
October 23, 2024

Evolve Bank & Trust said Wednesday (Oct. 23) that it expects to begin returning funds it holds to Synapse Brokerage end users impacted by the Synapse bankruptcy in November. The company launched a website that offers these end users information about the reconciliation process and...

Digital Banking
BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
October 23, 2024

Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup of regulators promises to reshape BaaS. The model, generally speaking, is one in which non-banks gain access to banking features,...

B2B Payments
No More Guesswork: How Finance Leaders Mitigate Uncertainty’s Invisible Expenses
October 23, 2024

If cash is king, uncertainty is the usurper. And from ongoing geopolitical struggles to a dynamic global macroeconomic environment, all the way to election year volatility in the U.S., uncertainty remains an invisible expense on nearly every company’s ledger. Against this backdrop, finance teams are...