PYMNTS News

Amex: Card Spending by Gen Z and Millennials Surges 21%
Amex: Card Spending by Gen Z and Millennials Surges 21%
July 21, 2023  |  Earnings

For American Express, the momentum lies with younger consumers. Results posted by the company on Friday (July 21) show that younger generations’ spending surged double...

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Threads User Engagement Drops to 4 Minutes From 19 Minutes
Threads User Engagement Drops to 4 Minutes From 19 Minutes
July 21, 2023  |  Social Commerce

Threads’ user engagement reportedly continued to decline in the second week since its launch. The average time iOS and Android users spend on the Meta-owned social...

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Barbie’s Wardrobe and Zales’ Jewelry Are Available to Rent  
Barbie’s Wardrobe and Zales’ Jewelry Are Available to Rent  
July 21, 2023  |  Retail

Resale and rental have become hot initiatives among retailers. The intention is to cater to consumers’ changing preferences and values, while also mitigating the effects...

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DoorDash Adds Self-Serve Integration Onboarding as Aggregators Compete on Selection
DoorDash Adds Self-Serve Integration Onboarding as Aggregators Compete on Selection
July 21, 2023  |  Aggregators

As restaurant aggregators race to offer consumers with the widest range and highest quality of options, DoorDash is looking to make it easier for restaurants...

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TikTok Shop Partners With Atome to Offer Installment Payments in Malaysia
TikTok Shop Partners With Atome to Offer Installment Payments in Malaysia
July 21, 2023  |  Social Commerce

TikTok Shop has partnered with buy now, pay later (BNPL) service Atome to offer installment payments in Malaysia. “Today we announce our partnership with Atome, providing our customers...

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FTX Sues Sam Bankman Fried and Former Executives
FTX Sues Sam Bankman Fried and Former Executives
July 21, 2023  |  Legal

The November 2022 collapse of FTX, one of the largest cryptocurrency exchanges, has sparked an investigation into the company’s finances. The latest development in the...

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An IP Expert Deconstructs Artificial Intelligence’s Right to Create
An IP Expert Deconstructs Artificial Intelligence’s Right to Create
July 21, 2023  |  artificial intelligence

Generative artificial intelligence (AI) capabilities are transforming the world. But will their ability to generate fabricated video, audio and text-based content based on copyrighted material...

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RTP® and FedNow’s Real Problem: Businesses Aren’t Asking for It
RTP® and FedNow’s Real Problem: Businesses Aren’t Asking for It
July 21, 2023  |  Real-Time Payments

And then there were two. The launch of FedNow on Thursday (July 20) brings the tally of real-time payments networks to a duopoly in the...

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Rather Than Build In-House Most US and UK Convenience Stores Outsource Payment Innovation
Rather Than Build In-House Most US and UK Convenience Stores Outsource Payment Innovation
July 21, 2023  |  Payments Innovation

What payment methods are being explored by retailers in the grocery, pharmacy and convenience store arenas? It depends, as these retailers have different needs that...

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