The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds stem from a 2017 lawsuit by the Federal Trade Commission (FTC) against a company known as Credit Bureau Center, the regulator said Thursday (Nov. 21). According to the FTC,...
As the holiday shopping season approaches, the competition between retail giants Walmart and Amazon intensifies, shaping the eCommerce landscape. Both companies have established themselves as formidable players, offering extensive product assortments, competitive pricing and efficient logistics networks that ensure quick delivery. This rivalry is particularly...
Mastercard has joined forces with Fundbot, a United Arab Emirates (UAE)-based supply chain financing FinTech. The collaboration, announced in a news release Thursday (Nov. 21), is designed to streamline business-to-business (B2B) payment flows via a new platform linking buyers and suppliers. “Rolled out initially in...
With the shopping season upon us, PYMNTS’ App Provider Rankings take a peek into shopping apps. And what we found were some strategies paying dividends in retail app usage and access. We’ll start with Ulta Beauty, the cosmetics and skincare retailer, which has been on...
Artificial intelligence (AI) development platform Lightning AI has obtained a $50 million equity investment. The company, maker of the PyTorch Lightning open AI framework, announced the investment — from Cisco Investments, J.P. Morgan, K5 Global and Nvidia — in a news release Thursday (Nov. 21), saying...
Instacart’s CEO is focusing on grocery partnerships amid investor skepticism. Fidji Simo discussed these efforts in an interview with Bloomberg’s The Circuit With Emily Chang, set to air Thursday (Nov. 21) evening. Since becoming CEO, the report notes, Simo has made Instacart’s higher-margin enterprise business a higher priority, focusing...
The contemporary B2B landscape is being reshaped by a seismic shift toward automation and simplification. Companies are ditching clunky, manual processes in favor of sleek, digital-first solutions that prioritize speed, simplicity and scalability. The winners? Those who embrace embedded finance, real-time data insights and automation...
Global commerce platform WEX added a digital shopping solution to its Medicare Advantage supplemental benefits platform. The Medicare Advantage marketplace expands the brick-and-mortar merchant network to which Medicare Advantage members already have access, according to a Thursday (Nov. 21) press release. Now, members can buy...
The Federal Reserve Board said Thursday (Nov. 21) that it prohibited Shan Hanes, a former CEO of Heartland Tri-State Bank who was convicted of embezzlement, from future participation in the banking industry. Hanes embezzled $47.1 million of bank funds, which led to the bank becoming...
