Young consumers are the likeliest to be saving up to buy a car, but that rarely translates to them being able to afford a new vehicle. By the Numbers The April edition of the PYMNTS Intelligence “New Reality Check: The Paycheck-to-Paycheck Report” series, “Why 60%...
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. The proposed rule would stop credit reporting companies from sharing medical debts with lenders and would prohibit lenders from using medical information to make lending decisions, the agency...
Consumer spending is beginning to show signs of recovery going into the summer, but major retailers are not getting their hopes up. Findings from the National Retail Federation’s CNBC/NRF Retail Monitor announced Monday (June 10) showed that in May, consumer spending increased 1.35% relative to...
Hawk is raising funds to support increasing demand for artificial intelligence (AI)-powered anti-financial crime technology. The company on Tuesday (June 11) announced the extension of its Series B funding, which brings with it “a substantial increase” in valuation. According to a news release, the funding will help speed...
Embedded payments company NMI enhanced its integration with Shopify. The updated offering ensures NMI’s independent sales organization (ISO) partners, software providers and payment professionals can offer their merchants an integrated payment experience that aligns with Shopify’s latest requirements, according to a Tuesday (June 11) press...
Dash Solutions is now leveraging Visa’s digital payment network, Visa Direct, to allow Dash customers to send real-time payments. This integration is part of an expanded strategic collaboration between Dash Solutions, which is a provider of digital payment and engagement program management tools to corporate customers, and...
As consumers seek Father’s Day gifting options more creative than yet another tie, some are buying their dads fancier cuts of meat as barbecue season gets into full swing. In an interview with PYMNTS, Reba Hatcher, chief commercial officer at ButcherBox, a direct-to-consumer (D2C) company...
Temu may be the new kid on the eCommerce block, but it’s becoming one of the biggest. That’s according to a new survey by U.K. marketing firm Omnisend, which found that 34% of shoppers purchase something from the Chinese retailer — which debuted in the...
Airbase has added spend analytics and vendor management capabilities to its spend orchestration software designed for mid-market and larger organizations. These new features aim to help companies optimize spending by providing decision-makers with real-time insights into all spending, including accounts payable (AP), employee expenses and...
