Fraud has become, to put it mildly, big business. Featurespace Chief Operating Officer Tim Vanderham told PYMNTS’ Karen Webster in an interview that “when you think about the billions and billions of dollars that come from scams globally,” the money made from illicit gains overshadows...
In the expansive rental market, where more than 34% of Americans make monthly payments, traditional methods like paper checks and wire transfers are proving inefficient. Despite billions flowing from tenants to landlords, outdated payment systems cause delays and frustration. As economic pressures mount and tenant...
Amazon has partnered with TikTok and Pinterest to let the users of those social media apps buy products from Amazon without leaving those apps. This offering is designed to make it more convenient for Amazon customers to shop on those social media platforms, an Amazon...
Artificial intelligence (AI) startup Glean is reportedly in advanced discussions to raise $250 million in financing. The deal would value the company at $4.5 billion, a figure that is double the valuation it achieved in another fundraise six months ago, the Wall Street Journal (WSJ) reported Thursday (Aug. 8), citing...
B2B operations frequently require a greater level of sophistication than their B2C counterparts. Payments, especially, are typically larger and more complex transactions and must mesh with monolithic, already-existing systems. That’s what makes the whole concept of digitization and the payoff that comes along with it...
Since 2013, Credit Repair Cloud has sold software and products to credit repair businesses. But according to the Consumer Financial Protection Bureau (CFPB), the company and its CEO also helped those companies charge illegal advance fees to consumers. The CFPB on Thursday (Aug. 8) filed an order to resolve...
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum has been underscored in recent earnings reports and announcements surrounding new products and services. The automated transfer of funds into...
Amid merchants’ gold rush for young consumers’ social commerce spending, Qurate Retail is focusing on an often-overlooked demographic: Generation X and baby boomer women on social media and other digital platforms. The company, which owns shopping channels QVC and HSN as well as other retail...
When it comes to contemporary business operations, complexity is nearly unavoidable. The bigger a business gets, the more borders it crosses and peers it acquires, the taller the task becomes of integrating its disparate operations and financials — much less surfacing insights and acting in...
