PYMNTS News

Temu Accuses Rival Shein of ‘Intimidation’ in Federal Lawsuit
Temu Accuses Rival Shein of ‘Intimidation’ in Federal Lawsuit
July 19, 2023  |  Legal

The rivalry between two Chinese online retailers spilled over into U.S. federal court. In an antitrust suit filed in Massachusetts last week, Temu accuses fast-fashion...

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Emburse Adds Flight and Hotel Rebooking Capabilities With Tripbam Acquisition
Emburse Adds Flight and Hotel Rebooking Capabilities With Tripbam Acquisition
July 19, 2023  |  Commercial Payments

Travel and expense management firm Emburse has acquired Tripbam. Tripbam provides fully automated, always-on auditing technology to track and review corporate travel pre-trip spending, corporate negotiated discounts and...

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Toast Reverses Course on $0.99 Consumer Fee Following Restaurant Outcry
Toast Reverses Course on $0.99 Consumer Fee Following Restaurant Outcry
July 19, 2023  |  ResTech

Well, that was quick — less than a month after sharing that it would add a $0.99 fee for consumers on online orders of $10...

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Tripadvisor Uses AI to Personalize Travel Itineraries
Tripadvisor Uses AI to Personalize Travel Itineraries
July 19, 2023  |  Travel Payments

Tripadvisor has added an artificial intelligence (AI)-powered travel itinerary generator to its travel guidance platform. This new addition to the company’s Trips product uses OpenAI’s generative AI...

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Experian Enables Consumers to Share Payroll Information for Verification
Experian Enables Consumers to Share Payroll Information for Verification
July 19, 2023  |  Authentication

Experian has expanded its real-time income and employment verification offering. The enhancement enables consumers to provide permissioned access to their payroll accounts and share information...

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Treasury Management in Spotlight as CFO Roles Evolve Alongside Business Strategies
Treasury Management in Spotlight as CFO Roles Evolve Alongside Business Strategies
July 19, 2023  |  CFO

No one disagrees that a firm’s finance, accounting and treasury operations are all very important. But it is during a bad economy that they can...

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Report: Russia Could Begin Testing Digital Ruble in August
Report: Russia Could Begin Testing Digital Ruble in August
July 19, 2023  |  CBDC

Russia could reportedly begin testing a digital ruble before the summer’s end. Lawmakers in the country, whose payment systems have been hamstrung since last year...

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DRINKS CEO: Alcohol eCommerce Market Poses Multibillion-Dollar Opportunity
DRINKS CEO: Alcohol eCommerce Market Poses Multibillion-Dollar Opportunity
July 19, 2023  |  eCommerce

As consumers increasingly turn to eCommerce platforms to get their day-to-day needs met alcohol remains largely left out of the digital shift, leaving a significant...

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Carvana’s Inventory Down 50% YOY as It Aligns With Sales Volumes
Carvana’s Inventory Down 50% YOY as It Aligns With Sales Volumes
July 19, 2023  |  Earnings

Used car retailer Carvana is putting some miles between itself and the post-pandemic cratering of used car sales with what it sees as smoother pricing...

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