Although consumers are making purchases, the reluctance to spend remains prevalent. As such, brands and retailers are trying new ways to entice consumers to shop while also offering methods to facilitate refunds. The most recent approach involves the utilization of Flexible Spending Accounts (FSAs). While...
The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce. James Mirfin, Visa’s global head of risk and identity solutions, told PYMNTS that fraudsters are perking up to tokenization’s potential to...
FinTech company Upgrade has launched a secured version of its Upgrade OneCard. The new Secured OneCard is designed for consumers who have little or no credit history, the company said in a Wednesday (Dec. 13) press release emailed to PYMNTS. “We believe Secured OneCard is...
Online marketplace eBay is rolling out a limited-time mobile consignment concierge that will promote the selling experience offered by the recently launched eBay consignment service. A branded bus called the Luxe Line will visit locations in Los Angeles and Las Vegas, offering people a physical place...
X, the social media platform formerly known as Twitter, is reportedly facing a slump in advertising revenue this year. The social media platform has been generating about $600 million in ad revenue per quarter this year, a decline from the over $1 billion per quarter...
Snap said Snapchat+ now has more than 7 million subscribers. The company made the announcement while unveiling the latest generative artificial intelligence features it has added to the subscription tier of its instant messaging app, Snapchat, in a Tuesday (Dec. 12) press release. The subscriber...
Instacart is targeting employers’ office snack budgets, as aggregators compete for businesses’ food spending. On Tuesday (Dec. 12), meal benefits platform Sharebite announced a partnership with the grocery technology company, through which Sharebite clients receive a free one-year Instacart Business account, enabling snack and grocery...
Payments platform ConnexPay has added acquiring in Canadian dollars to its virtual card issuing offering. The expansion lets ConnexPay customers process payments in Canadian dollars (CAD), according to a Tuesday (Dec. 12) press release, and opens ConnexPay’s services to a “vast market” of 38.25 million people and...
LTK announced the launch of a new artificial intelligence solution that helps brands find and cast creators for marketing campaigns. The new LTK Match.AI also helps creators increase their visibility and elevate their earning potential, LTK said in a Tuesday (Dec. 12) press release. “Our...
