Nothing is harder to break than an established habit. But even the most entrenched behaviors often shift or evolve. Just look at the movement of money, which has undergone many transmutations throughout its long history. Now, the landscape of digital payments is undergoing a new...
Bank-issued credit cards, owned by nearly 200 million individuals in the United States, have become an essential financial tool amid inflation and rising costs, providing relief to households navigating a challenging economic environment. “Credit Card Use During Economic Turbulence,” a PYMNTS Intelligence and Elan collaboration,...
In an uncertain economy, cash-on-hand matters more than ever. Equally important is visibility over that cash, as well as the ability to look forward and plan smarter. “Having the back office in order for all companies is really critical for them to focus on what...
Versatile Credit has integrated with Prove Identity to both enhance its fraud screening and streamline its customer onboarding experience. As a software provider connecting merchants, lenders and consumers for point-of-sale loans, Versatile Credit will enable merchants to deploy this solution both online and in-store, the companies said in...
Shopee, an eCommerce firm owned by Singapore-based Sea, is expanding its presence in Latin America with the acquisition of the local credit arm of Brazilian FinTech company Blu. This strategic deal, which has received preliminary approval from Brazil’s antitrust regulator CADE, will enable Shopee to offer credit...
Regulators must use their legal authorities to guard against risks posed by the growing role of large technology firms in the financial system, Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), said Monday (Dec. 18). Commenting on the 2023 annual report released Thursday (Dec. 14) by the Financial Stability...
VF Corporation, the owner of Vans, The North Face, Timberland and Dickies, is having trouble fulfilling orders after a Wednesday (Dec. 13) cyberattack. Consumers can place orders on most of its brands’ eCommerce sites, but the cybersecurity incident has impacted the firm’s ability to fulfill...
Database management firm MongoDB is investigating a security breach that exposed customer information. In an alert published on its website Saturday (Dec. 16), the company said it was “actively investigating a security incident involving unauthorized access to certain MongoDB corporate systems, which includes exposure of...
Visa is letting members of its FinTech Fast Track program join its Visa Direct platform. The move expands the program beyond card issuance and gives members access to real-time money movement capabilities. “Fintechs are a vital growth engine for the payments industry, and Visa is committed to supporting...
