News

Security & Fraud
Defending Against the Scam-Filled Fallout From Digital Disruptions
July 31, 2024

Fraudsters are drawn to compromised digital ecosystem like ants to a picnic. Bad news for companies creates opportunities for criminals — with disruptions like the recent CrowdStrike and Microsoft outage offering a perfect cocktail of urgency, uncertainty and money movement for scammers and fraudsters to exploit....

Social Commerce
Pinterest Adds More Shoppable Video Content; Q2 Revenue Up 21%
July 31, 2024

As Pinterest looks to become a central figure in the social commerce space, the company is integrating more directly shoppable features across the platform to drive sales. In its second quarter 2024 earnings results reported Tuesday (July 30), the company shared that revenue rose 21%...

Retail
Shop Talk: Social Media Creates Roadmap for Pop & Bottle Brand
July 31, 2024

As early-stage brands look for digital tools to build and grow their following, Pop & Bottle has seen social media point the way forward for its geographic expansion. In an interview with PYMNTS for the Shop Talk series, Jash Mehta, co-founder of the latte brand,...

Payments Innovation
Citi Services Head of Payments Says Instant Is In as Global Dynamics Shift
July 31, 2024

Change in payments, as in life, happens slowly and then all at once. And as we navigate through 2024, the payments industry is undergoing transformative changes, driven by innovations spurred by the rise of new payment rails and ongoing efforts toward standardization. “We’ve been tracking...

B2B Payments
How Paperless B2B Payments Are Reducing Fraud in Business Transactions
July 31, 2024

If all goes well, the future of business processes won’t look anything like its past. And that holds particularly true in business-to-business (B2B) payments, where the past — and even the present — is riddled with manual processes, paper-based workflows and legacy inefficiencies. And those...

B2B Payments
Treasury’s Digital Migration Creates Greater Synergies With Finance Function
July 30, 2024

Every coin has its flip side. And when it comes to the finance and treasury functions of their organizations, businesses are increasingly calling both ‘heads’ and ‘tails’ to navigate today’s operational uncertainties. This shift toward a greater convergence and potential synergies between the roles of...

Regulation
Synapse Financial Credit Division Loses Lending License
July 30, 2024

Warren Buffett once remarked that it’s when the tide goes out that you find out who’s been swimming naked. The continuing regulatory examinations of various parts of the Synapse Financial Technologies web of operations gives some stark illumination between the differences — and perhaps some...

Retail
More Than Two-Thirds of US Consumers Now Subscribe to Amazon Prime
July 30, 2024

Amazon Prime membership is on the rise, encompassing the majority of consumers, but PYMNTS Intelligence data shows that Walmart’s quickly growing membership is becoming a force to be reckoned with. By the Numbers This year’s installment of the PYMNTS Intelligence Amazon Prime Day study draws...

B2B Payments
Automating B2B Payments Helps Firms Navigate Uncertainty
July 30, 2024

You wouldn’t do something by hand when a computer could do it better, would you? What about wait an extended period of time when a more streamlined way was available? For many enterprise businesses, that’s exactly what they do when it comes to B2B payments:...