PYMNTS-MonitorEdge-May-2024

News & Trends

Acquisitions
Celero Commerce Bolsters Retail Presence With Precision Payments Purchase

Tennessee-based financial services firm Celero Commerce has acquired electronic payments technology...

33 minutes ago
Social Commerce
Social Media Startup Bluesky Sees 300% Post-Election User Jump

Elon Musk’s social media loss has — so far — not...

1 hour ago
CFPB
Trump Considering 'Pretty Significant' Changes to CFPB

President-elect Donald Trump and congressional Republicans are reportedly considering sweeping changes...

2 hours ago
Legal
Barclays Calls on Ex-CEO to Fight $50 Million UK Fine

Barclays has reportedly asked ex-CEO John Varley to help it challenge...

3 hours ago
Technology
Retro Revival: Nostalgic Tech Is Making a Comeback

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

2 days 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,...

2 days 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...

2 days 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...

2 days ago
B2B Payments
Cards Making Gains With Commercial Payments, But Greenfield Opportunity Still...

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

2 days 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...

2 days 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...

2 days ago
Fraud Prevention
Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate

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

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

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

2 days ago
Economy
Leading Indicators: Bumpy Holiday Season for Consumers, and Maybe B2B...

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

2 days 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...

2 days ago
Apple
Report: Apple Aims to Increase Siri’s Capabilities With Advanced LLMs

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

2 days 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...

2 days ago
Investments
Amazon Increases Total Investment in AI Startup Anthropic to $8...

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

2 days ago
Google
Making Sense of the Search Landscape in Light of Google’s...

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

2 days ago
ANTITRUST
UK’s CMA Says Apple and Google Policies ‘Hold Back Innovation’

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

2 days ago
B2B Payments
Ingo Payments CEO Takes Aim at ‘FBO Account and Move...

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

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

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

3 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...

3 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...

3 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...

3 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...

3 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...

3 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...

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

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

3 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...

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

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

3 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...

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

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

3 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...

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

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

3 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...

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

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

3 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”...

3 days ago