PYMNTS-MonitorEdge-May-2024

News & Trends

Technology
Retro Revival: Nostalgic Tech Is Making a Comeback

Old-fashioned technology is coming back into fashion, and we’re talking more...

18 hours ago
Mobile Wallets
Digital Wallets Gain Traction: Nearly Half of US Consumers Tap...

In the U.S., digital wallets have become popular for everyday transactions,...

18 hours ago
BNPL
Lenovo Adds Klarna’s Flexible Payment Methods in 15 European Countries

Global technology firm Lenovo now enables shoppers in 15 European countries to...

1 day ago
Subscription Commerce
Judge Rules SiriusXM Must Make It Easier to Cancel Subscriptions

A New York state judge ruled Thursday (Nov. 21) that SiriusXM must...

1 day ago
B2B Payments
Cards Making Gains With Commercial Payments, But Greenfield Opportunity Still...

The death of the paper check may be a ways off...

1 day ago
Cross-border Payments
Treasury Official: US Promotes Innovation and Regulatory Frameworks for Cross-Border...

The U.S. is working to keep the dollar as the dominant...

1 day ago
Loans
Main Street Lending Program Borrowers Challenged by High Interest Rates

The Federal Reserve’s pandemic-era Main Street Lending Program reportedly had $1.23...

1 day ago
Fraud Prevention
Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate

With financial institutions (FIs) fortifying their defenses and evolving their strategies...

1 day ago
Earnings
Ross Stores: ‘Treasure Hunt Environment’ Drives Off-Price Store Sales

Ross Stores aims to draw customers and drive sales by offering...

1 day ago
Economy
Leading Indicators: Bumpy Holiday Season for Consumers, and Maybe B2B...

This week, PYMNTS Intelligence noted the appeal of paying over time...

1 day ago
Earnings
Gap’s ‘Brand Reinvigoration’ Focus Turns to In-Store and Online Experiences

Gap Inc. is refining both its digital and in-store channels as...

1 day ago
Apple
Report: Apple Aims to Increase Siri’s Capabilities With Advanced LLMs

Apple reportedly is working to make its Siri voice assistant more...

1 day ago
Consumer Insights
BNPL, Mobile Banking Embraced by Low-Income, Paycheck-to-Paycheck Consumers

PYMNTS Intelligence’s long-standing chronicling of the paycheck-to-paycheck economy has revealed shifts...

1 day ago
Investments
Amazon Increases Total Investment in AI Startup Anthropic to $8...

Amazon and Anthropic announced an expanded partnership that includes Amazon investing...

1 day ago
Google
Making Sense of the Search Landscape in Light of Google’s...

The history of the search landscape is a journey of technological...

1 day ago
ANTITRUST
UK’s CMA Says Apple and Google Policies ‘Hold Back Innovation’

Apple and Google may face a formal investigation into their mobile...

1 day ago
B2B Payments
Ingo Payments CEO Takes Aim at ‘FBO Account and Move...

For the longest time, moving money for business or consumer purposes...

2 days ago
Payments Innovation
Panel: Data-Driven Paradigms Future-Proof Security Lifecycle Management

As digital payments scale, the sophistication of scams matches their pace....

2 days ago
Mobile Wallets
Two-Thirds of Digital Wallet Users in France Use Them for...

Digital wallets are becoming essential tools for French consumers, especially as...

2 days ago
Fintech Investments
FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the...

The FinTech IPO Index was 3.8% higher this past week, as...

2 days ago
Buy Now Pay Later
Why Complexity Is the Enemy of the Sale

Even with the continued shift to digital payments and the plethora...

2 days ago
Fraud Prevention
Report: Financial Scams Drive 122% Increase in Fraud Losses by...

Transactions have moved more digital, changing the fraud landscape. Financial institutions...

2 days ago
Banking
Bridging the Digital Divide: How Banks Can Meet Customer Expectations...

Banks and credit unions may feel like they offer a best-in-class...

2 days ago
Partnerships
Adyen to Support Global Expansion of Spendesk’s Spend Management Platform

Spendesk aims to strengthen its offer in core markets and support...

2 days ago
artificial intelligence
Report: OpenAI Considers Adding Web Browser and Search Partnerships

OpenAI reportedly has considered developing a web browser and powering search...

2 days ago
ANTITRUST
DOJ Proposal in Antitrust Case Aims to Undo Google-Anthropic Partnership

The Justice Department’s proposal to resolve its antitrust case over online...

2 days ago
Earnings
Intuit Sees AI Driving Big Changes for Small Businesses

All artificial intelligence (AI) systems are software, but not all software...

2 days ago
Payment Methods
US Treasury Selects BNY as Financial Agent for Direct Express...

The Bank of New York Mellon (BNY) will serve as the...

2 days ago
Cryptocurrency
Report: Trump Company Considers Adding Crypto Payments and Trading

President-elect Donald Trump’s social media company, Trump Media & Technology (TMTG),...

2 days ago
artificial intelligence
Nvidia, Snowflake and BEN Ride AI Surge in Q3

Nvidia reported Q3 revenue of $35.1 billion, up 94% from last...

2 days ago
Cryptocurrency
UK to Consider Comprehensive Regulatory Framework for Crypto Sector

The United Kingdom reportedly will consider a comprehensive regulatory framework for...

2 days ago
Amazon
Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025

European regulators are reportedly set to investigate whether Amazon’s marketplace favors...

2 days ago
Google
Google Blasts DOJ’s ‘Radical’ Antitrust Proposal

Google is criticizing what it called a “radical” proposal to remedy...

2 days ago
News
FTC Refunds $1.9 Million to Victims of Credit Bureau Center...

The FTC is refunding $1.9 million to victims of a “free”...

2 days ago
Digital-First Banking
Brazilian Banks Improve Profitability, Led by Digital Players

Digital banks reportedly led Brazilian banks’ profitability improvements during the first half...

2 days ago
Retail
Amazon vs Walmart Holiday Battle May Come Down to Loyalty...

As the holiday shopping season approaches, the competition between retail giants...

2 days ago
B2B Payments
Mastercard and Fundbot Team to Speed B2B Payment Flows

Mastercard has joined forces with Fundbot, a United Arab Emirates (UAE)-based...

2 days ago
Partnerships
DXC and ServiceNow Team to Launch AI ‘Center of Excellence’

Technology service provider DXC Technology expanded its partnership with business-focused artificial...

2 days ago