News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

(source: pymnts.com)

World’s Newest Innovation Transforms Age-Old Industry of Agriculture
World’s Newest Innovation Transforms Age-Old Industry of Agriculture
December 22, 2023  |  Artificial Intelligence

Generative artificial intelligence (AI) is one of the latest ground-breaking technologies in 2023.   Conversely, people have been breaking ground with agricultural techniques since civilizations began....

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The Infrastructure Challenge for Instant Payments in 2024
The Infrastructure Challenge for Instant Payments in 2024
December 22, 2023  |  Faster Payments

As the payments industry gears up for 2024, exciting transformations are on the horizon. Many, in fact, are already here. And for those transformations that...

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Refund Features Keep Subscription Shoppers From Canceling
Refund Features Keep Subscription Shoppers From Canceling
December 22, 2023  |  Subscription Commerce

Understanding subscriber preferences is the lifeblood of subscription commerce — even more so in a digital economy. Subscription businesses that ignore this do so at...

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FinTech IPO Index Surges 8% as Affirm Gets a Bump on Walmart BNPL Deal 
FinTech IPO Index Surges 8% as Affirm Gets a Bump on Walmart BNPL Deal 
December 22, 2023  |  Fintech Investments

Headed into the last week of the year — a shortened week due to the holidays — the FinTech IPO Index gained 8%. BNPL Bounce...

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IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 
IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 
December 21, 2023  |  Disbursements

The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to...

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Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn 
Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn 
December 21, 2023  |  Consumer Insights

Chinese consumers are reportedly feeling the effects of the country’s economic downturn.  This downturn, characterized by declining exports, a slowdown in manufacturing and a property...

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Consumers’ Digital Engagement Grows in 2023 as the Number and Frequency of Digital Activities Grow
Consumers’ Digital Engagement Grows in 2023 as the Number and Frequency of Digital Activities Grow
December 21, 2023  |  Connected Economy

There’s been a significant increase in digital engagement across all age groups and income brackets over the past year, PYMNTS Intelligence has found, with the...

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Transportation Company Hyperloop One to Shut Down
Transportation Company Hyperloop One to Shut Down
December 21, 2023  |  Transportation

Hyperloop One, a transportation company that aimed to revolutionize transit with its high-speed tube-encased lines, is reportedly shutting down. The company is selling off its...

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Boomers Embrace Digital to Catch Up With Kids and Grandkids
Boomers Embrace Digital to Catch Up With Kids and Grandkids
December 21, 2023  |  Connected Economy

    Internet and mobile phones came into their lives as adults. They shop online less than their millennials and Generation X, and they use...

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