PYMNTS News

McDonald’s Leverages 57 Million-User Loyalty Base to Edge Out Competitors
McDonald’s Leverages 57 Million-User Loyalty Base to Edge Out Competitors
October 30, 2023  |  Earnings

McDonald’s is taking advantage of the sheer scale of its loyalty following to make it more difficult for competitors to hold their own in the...

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TodayPay Teams With Visa to Bolster ‘Refunds as a Service’
TodayPay Teams With Visa to Bolster ‘Refunds as a Service’
October 30, 2023  |  Partnerships

Refunds-focused payments firm TodayPay joined Visa’s Fintech Fast Track Program. The move lets TodayPay speed the process of integrating with Visa and access the company’s...

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Overstock Set to Revive Bed Bath & Beyond’s Iconic Big Blue Coupon 
Overstock Set to Revive Bed Bath & Beyond’s Iconic Big Blue Coupon 
October 30, 2023  |  Retail

Several months back, Bed Bath & Beyond was not on anyone’s radar as a player in the 2023 holiday season. However, Overstock.com’s acquisition of the...

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Biden Orders AI Firms to Share Safety Tests With Government
Biden Orders AI Firms to Share Safety Tests With Government
October 30, 2023  |  Artificial Intelligence

President Joe Biden issued an executive order aimed at safe artificial intelligence (AI) development. High on the list of Biden’s requirements for AI companies issued...

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Omnicom Buys Flywheel to Extend eCommerce/Retail Media Reach
Omnicom Buys Flywheel to Extend eCommerce/Retail Media Reach
October 30, 2023  |  Acquisitions

Marketing communications company Omnicom has acquired eCommerce firm Flywheel Digital for $835 million. The company says the net-cash purchase, announced Monday (Oct. 30), allows Omnicom...

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Citi Says Winning the End Customer Experience Is Future Battleground for Banks
Citi Says Winning the End Customer Experience Is Future Battleground for Banks
October 30, 2023  |  Banking

Institutional inertia is real, and it’s holding some incumbent businesses back while digital upstarts flourish. This situation is particularly acute for financial institutions (FIs) that...

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Consumers Deplete Two-Thirds of Their Savings Every Four Years
Consumers Deplete Two-Thirds of Their Savings Every Four Years
October 30, 2023  |  Consumer Finance

Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States. As of September 2023, 62% of consumers live paycheck to...

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Bundling Services With Payments Helps Processors Win With Small Businesses
Bundling Services With Payments Helps Processors Win With Small Businesses
October 30, 2023  |  SMBs

The world of payment processing plays a crucial role in the operations of small- to medium-sized businesses (SMBs). That payment processor landscape, particularly for Main...

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CE 100 Loses 2.5% as Western Union Leads Payment Names Lower
CE 100 Loses 2.5% as Western Union Leads Payment Names Lower
October 30, 2023  |  Connected Economy

The CE 100 Index lost 2.5%, as payment-related names led to the downside. The Pay and be Paid segment was the worst performing sector, sliding...

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