News

Investments
Investment Group Iconiq Seeks Value After 3-Year IPO Drought
September 08, 2024

Investment group Iconiq is reportedly seeking ways to drive value amid a long IPO drought. That’s according to a report Sunday (Sept. 8) by the Financial Times (FT), which notes that Iconiq recently closed its largest fund at $5.75 billion, following a $4.1 billion fundraise...

Retail
TikTok Turns the Grocery Store Into a Vacation Destination
September 07, 2024

As consumers increasingly turn to TikTok for travel inspiration, a viral trend, grocery store tourism, has many seeing the supermarket as a cultural destination. Many social media users attribute the start of the trend to TikTok user @marissainchina, who posted a video in late spring...

Security & Fraud
J.P. Morgan Chase to Report TikTok ‘Glitch’ Fraud Participants to Law Enforcement
September 06, 2024

J.P. Morgan Chase reportedly plans to share with police the information it has about people who took advantage of a so-called “glitch” that was promoted by TikTok users late last week. Chase Bank suffered a technical error that allowed customers to immediately withdraw the full...

Artificial Intelligence
Global AI Treaty Sparks Debate on Innovation vs. Regulation
September 06, 2024

A new international artificial intelligence treaty signed by the United States, the United Kingdom and the European Union has rekindled a debate over the future of tech innovation. The AI Convention aims to protect the human rights of those affected by AI systems. It marks...

B2B Payments
Making Sense of Why Some Firms Stay Stapled to Paper Processes
September 06, 2024

Few people want to cut checks, lick stamps or sign invoices. Every single business day, however, these same outdated activities are done countless times by many of the world’s finance and accounting professionals. Despite the rise of digital transformation in finance and business operations, companies...

Regulation
UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
September 06, 2024

The payments industry in the United Kingdom is reportedly advocating for changes to fraud-reimbursement rules that are set to be enacted Oct. 7. Despite changes announced by the Payment Systems Regulator (PSR) Wednesday (Sept. 4), the industry is pushing for further amendments to these rules,...

eCommerce
Etsy’s New Search Tools Aim to Elevate Quality Listings and Enhance Seller Success
September 06, 2024

As the digital marketplace grows, Etsy has been enhancing its search and discovery tools to spotlight high-quality listings. With 100 million items available, Etsy focuses on featuring its best offerings from its sellers to buyers. In an interview with PYMNTS, Nick Daniel, Etsy’s chief product...

Retail
Walmart Launches Traveling Tour to Promote Fashion Products and Services
September 06, 2024

Walmart has launched a traveling tour that will promote the fashion products and services the retailer offers in stores and online. The Walmart Style Tour, which will be held at 40 events across the United States in September and October, offers styling tips, color analysis...

Retail
Amazon Counters Walmart’s Grocery Lead With Third-Party Delivery Play
September 06, 2024

As Amazon looks to shrink Walmart’s lead in food, the eCommerce giant is expanding its presence in third-party grocery delivery. Consumers in the Seattle area can now order same-day grocery delivery from local merchant Metropolitan Market on Amazon’s marketplace, Chain Store Age reported. Additionally, the...