October 31, 2024
FTC Begins Refunding $2.5 Million in Credit Karma Deception Case
The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. The FTC is sending checks and PayPal payments to 50,994 consumers, adding up to...
October 31, 2024
Peloton Picks Apple Fitness+ Vet Peter Stern as New CEO
Peloton appointed the co-founder of Apple Fitness+ to serve as its new leader. Peter Stern, who joins the digital fitness brand from a position at Ford, is slated to become...
October 30, 2024
X Doubles API Price and Adds Subscription Discounts
X is hiking its API pricing while introducing discounted annual subscription rates. The Elon Musk-owned social media platform has increased the cost of its basic API tier from $100 to $200...
October 28, 2024
FTC Lawsuit Prompts Shutdown of Alleged ‘Online Business Opportunity Scam’
A Federal Trade Commission (FTC) lawsuit that alleges an “online business opportunity scam” led a federal court to temporarily shut down the operations of Lunar Capital Ventures, Ecom Genie and...
October 28, 2024
Consumer Subscriptions Account for 75% of OpenAI’s Revenue
Seventy-five percent of OpenAI’s revenue reportedly comes from consumer subscriptions. OpenAI Chief Financial Officer Sarah Friar also told Bloomberg TV Monday (Oct. 28) that the company’s ChatGPT has 250 million...
October 25, 2024
Santander’s Getnet Launches Single Entry Point for Payments in Latin...
Getnet launched a regional eCommerce solution that provides a single entry point (SEP) for payments in Argentina, Brazil, Chile and Mexico. The new Getnet SEP gives merchants in these countries...
October 24, 2024
Shoplazza and Sezzle Partner to Offer BNPL Options to Merchants
Shoplazza merchants doing business in the United States will be able to offer buy now, pay later (BNPL) options through Sezzle. This offering follows a new partnership between Sezzle, a...
October 23, 2024
Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule
Three trade associations filed a lawsuit Wednesday (Oct. 23), aiming to block the Federal Trade Commission’s (FTC) “click-to-cancel” rule. The suit claims that the rule exceeds the FTC’s authority and...
October 18, 2024
Subscription Economy Faces New Consumer Expectations, Regulatory Demands
While Netflix raised membership prices in Japan, Italy, Spain, and parts of Europe, the Middle East and North Africa (EMEA), it faces an evolving subscription economy framed by consumer demand...
Subscription merchants that fail to offer multiple ways for consumers to buy their products will see their sales take a hit, says Bean Box CEO Matthew Berk. Only giving consumers one way to buy and pay is a key driver of voluntary churn, especially in these times. Read the “Subscription Commerce Tracker®,” a collaboration with Vindicia, for more.
Retail subscriptions are changing the shopping landscape, and nearly one-third of subscribers purchase most or all items using scheduled or auto-fill subscriptions. PYMNTS Intelligence’s latest study of 2,011 consumers and 188 retail subscription merchants, “The Replenish Economy: A Household Supply Deep Dive,” a collaboration with sticky.io, details the replenish economy and its impact on in-store shopping habits.