PYMNTS News

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...

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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...

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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...

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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...

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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...

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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...

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Open Banking Can Help Banks Beat Fraudsters, GIACT Says
Open Banking Can Help Banks Beat Fraudsters, GIACT Says
July 19, 2023  |  Digital Identity

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise...

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Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
July 19, 2023  |  Retail

While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not...

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Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations
Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations
July 19, 2023  |  Money Mobility

The consumers powering today’s economy are increasingly digital-first, meaning money mobility is a top requirement for any financial services provider — especially FinTechs set on...

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