Earnings season’s in full swing and proved to be less than kind to the FinTech IPO Index, which gave up 5%. Double digit declines on the heels of various quarterly reports proved to be common through the last several sessions. NerdWallet shares gave up 28.1%....
Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns about fraud are casting a shadow over their growth. A recent PYMNTS Intelligence report, “P2P Payment Potential: Promoting Convenience While...
Push payments fraud in the U.K. increased in volume last year, while declining in value. That’s according to a report issued Thursday (Aug. 1) by the country’s Payment Systems Regulator (PSR), showing that authorized push payments (APP) fraud reached nearly £341 million ($433 million) last...
Rewards are a stronger draw for digital wallet users shopping via digital channels than those making purchases in person. By the Numbers A survey of more than 4,100 United States consumers for the 2023 PYMNTS Intelligence study “Apple Pay @9: The Battle for in-Store Adoption...
The concept behind tokenization is simple. Tokenization is a tech-enabled way to safeguard sensitive information by replacing it with non-sensitive, scrambled strings of information. The practice of tokenization within the financial services realm might be most readily apparent with the tens of billions of tokens...
In internet lingo, the abbreviation IRL means “in real life.” But for the now defunct social media platform IRL, reality and the picture the company painted for its investors were allegedly two very different things. That’s according to charges filed this week by the Securities and Exchange Commission (SEC) against...
The phrase “going digital” has transformed from a mantra to a business model. And at the same time, the transformation from paper-based processes to digital solutions has become not just a strategy but an imperative — one that is revolutionizing B2B payments and operations. This...
The European Union’s AI Act came into force Thursday (Aug. 1), establishing the world’s first comprehensive regulatory framework for artificial intelligence and setting new compliance standards for businesses worldwide. The EU adopted the rules earlier this year after negotiations that gained urgency following the 2022...
B2B payments have traditionally been defined by legacy versus electronic mechanisms. But in today’s nuanced and dynamic landscape, the ongoing evolution of B2B payments is increasingly marked by solutions and innovations that strike a delicate balance between traditional methods and emerging technologies. PYMNTS sat down...
