PYMNTS News

Banks Losing Net Interest Income as Big Deposits Look Elsewhere
Banks Losing Net Interest Income as Big Deposits Look Elsewhere
July 19, 2023  |  Banking

America’s banks are under increasing pressure as their corporate and institutional clients seek greater rates on deposits. It’s a situation that is putting a strain...

READ MORE >
Lowe’s Same-Day Service Delivery Goes Nationwide
Lowe’s Same-Day Service Delivery Goes Nationwide
July 19, 2023  |  Retail

Lowe’s is taking its same-day delivery offering nationwide. The home improvement retailer on Wednesday (July 19) announced it was expanding that offering via a partnership with last-mile transportation...

READ MORE >
Where Will Parents Spend This Back-to-School? Amazon, Walmart Push Frugality 
Where Will Parents Spend This Back-to-School? Amazon, Walmart Push Frugality 
July 19, 2023  |  Retail

Anticipated back-to-school (BTS) shopping expenses are expected to reach $41.5 billion, exceeding the previous record of $37.1 billion set in 2021 and the $36.9 billion...

READ MORE >
Virtual Try-on, Clothing Rentals Get Boost With Consumer Travel Plans
Virtual Try-on, Clothing Rentals Get Boost With Consumer Travel Plans
July 19, 2023  |  Retail

With the increase in travel, brands, retailers, and solution providers are striving to capture a larger portion of the consumer expenditure to expand their market...

READ MORE >
FTC and DOJ Unveil Tougher Merger Oversight Rules
FTC and DOJ Unveil Tougher Merger Oversight Rules
July 19, 2023  |  Regulation

Federal regulators want the public’s input into new guidelines governing mergers. The Federal Trade Commission (FTC) and Department of Justice (DOJ) on Wednesday (July 19) unveiled long-awaited updates to the government’s...

READ MORE >
White House Demands Transparency From Rental Housing Platforms
White House Demands Transparency From Rental Housing Platforms
July 19, 2023  |  Real Estate

The White House says three major housing platforms have agreed to provide more transparency to prospective renters. Zillow, Apartments.com, and AffordableHousing.com will begin giving consumers the total of...

READ MORE >
Bold Commerce CEO: Consumers Skip the Cart and Brands Close the Sale With ‘Shoppable Checkouts’
Bold Commerce CEO: Consumers Skip the Cart and Brands Close the Sale With ‘Shoppable Checkouts’
July 19, 2023  |  Checkout Conversion

Social media promised to give brands a new channel to transform browsers into buyers. But the promise has not met reality. Meta’s Instagram and Google’s...

READ MORE >
Fed Official: AI Can Promote Bias in Lending Decisions
Fed Official: AI Can Promote Bias in Lending Decisions
July 19, 2023  |  artificial intelligence

Michael Barr has become the latest regulator urging caution on the use of artificial intelligence. In a speech Tuesday (July 18), Barr — the Federal...

READ MORE >
Virtual Cards Let Firms Simplify and Control Their Business Spend
Virtual Cards Let Firms Simplify and Control Their Business Spend
July 19, 2023  |  Commercial Payments

Every workflow will eventually be disrupted — or digitized — over a long enough horizon. After all, nothing is perfect. Any process can be improved...

READ MORE >