News

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

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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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Apple Stops Online Sales and Repairs of Smartwatches in Patent Dispute
Apple Stops Online Sales and Repairs of Smartwatches in Patent Dispute
December 21, 2023  |  Apple

Apple stopped selling its latest smartwatches, the Apple Watch Series 9 and Apple Watch Ultra 2, in its online store Thursday (Dec. 21) due on...

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Warehouse Automation Firm GreyOrange Raises $135 Million 
Warehouse Automation Firm GreyOrange Raises $135 Million 
December 21, 2023  |  Investments

Artificial intelligence-driven automation company GreyOrange raised $135 million in a Series D funding round. The capital will support further adoption of GreyOrange’s fulfillment orchestration platform...

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Report: Blackstone to Acquire 80% Stake in Sony Payment Services 
Report: Blackstone to Acquire 80% Stake in Sony Payment Services 
December 21, 2023  |  Acquisitions

Alternative asset manager Blackstone is reportedly set to acquire an 80% stake in Sony Payment Services, a payment service provider under Sony Group.  The deal, valued at approximately $280...

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Cybersecurity Firm WISeKey Launches Logistics Program in Spain
Cybersecurity Firm WISeKey Launches Logistics Program in Spain
December 21, 2023  |  B2B Payments

Cybersecurity firm WISeKey has integrated Spain’s Port of Algeciras into its WISeSmartContainers Consortium. “WISeSmartContainers represents a revolutionary technological platform in the transport and logistics industry,...

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NexPay Teams With Flagright for Faster Student Payment Processing
NexPay Teams With Flagright for Faster Student Payment Processing
December 21, 2023  |  Partnerships

Student payment FinTech NexPay partnered with Flagright to improve its real-time payment processing capabilities. Australia-based NexPay lets study abroad students pay in local currencies, with...

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Transportation Department Investigates Airlines’ Rewards Programs
Transportation Department Investigates Airlines’ Rewards Programs
December 21, 2023  |  Loyalty & Rewards

The U.S. Department of Transportation is reportedly closely examining the frequent flyer programs of major U.S. airlines, aiming to identify potential deceptive or unfair practices...

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