PYMNTS-MonitorEdge-May-2024

News & Trends

CFPB
CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to...

The Consumer Financial Protection Bureau (CFPB) sued student lender Climb Credit...

2 hours ago
Google
Google Announces Leadership Change in Search, Structural Changes in AI

Google announced a leadership change to its Knowledge & Information (K&I)...

3 hours ago
B2B Payments
This Week in B2B: Payments Get Interesting When Finance Teams...

For decades, B2B payments were an unglamorous yet essential component of...

4 hours ago
artificial intelligence
Nasdaq Turns to AI to Improve Bank and Insurance Risk...

Nasdaq has introduced technology to calculate investment portfolio risk using machine learning....

4 hours ago
Buy Now Pay Later
UK Government Aims to Provide More Protections to BNPL Users

The U.K. government said Thursday (Oct. 17) that it aims to...

5 hours ago
Retail
Brands Rethink Policies as Returns Fraud Escalates With eCommerce Growth

Returns fraud is a growing global issue, costing retailers billions annually....

5 hours ago
Digital Payments
Visa and littlefish Team to Help Africa's MSMEs Go Digital

Visa is teaming with littlefish, an omnichannel platform that helps financial...

5 hours ago
artificial intelligence
US Treasury: AI Helped Recover and Prevent $4 Billion-Plus in...

The U.S. Treasury Department said artificial intelligence (AI) has helped fuel...

5 hours ago
Payment Methods
Worldline Launches Pay by Bank for High-Value Transactions in Europe

Worldline launched a new pay-by-bank payment method that caters to businesses...

5 hours ago
artificial intelligence
Adobe AI Video Tools and Others Aim at Streamlining Corporate...

Artificial intelligence (AI) video tools, including Adobe’s latest release, are transforming...

6 hours ago
Earnings
Discover CFO: Cautious Consumers Cause Slide in Card Volume

Discover Financial Service’s third-quarter earnings results offered evidence that an acquisition...

6 hours ago
Acquisitions
Subscription Platform Zuora Goes Private in $1.7 Billion Silver Lake...

Subscription management platform Zuora is set to be acquired by tech...

6 hours ago
Payment Methods
Early Warning: Zelle Transaction Volume Rose 27% in First Half

The Zelle person-to-person (P2P) payments network continued growing in the first...

7 hours ago
Economy
Fannie Mae Upgrades Outlook on US Economy

America’s economy is in a better place than previously thought, new Fannie...

7 hours ago
Buy Now Pay Later
Klarna Now Available on Apple Pay in US and UK

Klarna’s flexible payment options are now available to eligible Apple Pay...

8 hours ago
Retail
Aldi Expansion Continues Amid Thanksgiving Discount Rollout

Aldi’s latest expansion efforts have it literally in Walmart and Target’s backyards. That’s according to a report Thursday...

8 hours ago
Retail
Ulta Aims for 50 Million Loyalty Members and 200 New...

Ulta Beauty plans to open 200 new stores as part of...

9 hours ago
artificial intelligence
AI Boom Drives Record Revenues and Funding Across Tech Sector

Artificial intelligence is fueling explosive growth in the tech industry, with...

9 hours ago
Economy
Back-to-School Shopping Drives Consumer Spending Surge in September

September’s retail sales data showed a (slight) acceleration of spending from...

10 hours ago
Earnings
Regional Banks Report Credit Quality Remained Strong in Q3

Four regional banks said Thursday (Oct. 17) that credit quality remained...

10 hours ago
Earnings
Balance Sheet Optimization, Expense Discipline, Digital Growth Define Truist’s Quarter

After weathering volatility in recent years, banks can now deploy excess...

10 hours ago
Cross-border Payments
Swift Surpasses G20 Cross-Border Payments Speed Target by 15%

By 2027, the G20 wants 75% of international payments processed within...

11 hours ago
Cryptocurrency
BVNK and Circle Team to Promote Stablecoin Business Payments

Payments infrastructure provider BVNK has launched a partnership with USDC-issuer Circle. The collaboration is...

13 hours ago
Faster Payments
Nacha: Same Day ACH Volume Leaps 65.7% in Q3

Same Day ACH volume on the ACH Network leapt 65.7% in...

13 hours ago
Acquisitions
Uber Reportedly Weighs Expedia Acquisition

Uber has reportedly considered acquiring Expedia to strengthen its ongoing diversification....

15 hours ago
Meta
Meta Axes Staff for Abusing Food Perks Amid Wider Layoffs

Meta has reportedly fired around two dozen staffers for misusing their...

15 hours ago
Healthcare
Update: How Digital Payments and Data Are Flipping the Script...

Doctor visits and medical bills are a fact of life. But...

18 hours ago
Security & Fraud
Why ‘Good Enough’ Isn’t Winning Banks' Fight Against Fraud

How do you deal with an entity that is so malicious...

18 hours ago
Digital Payments
Generation Pay by Bank: Why Gen Z and Millennials Hold...

  Pay by bank is a new payment method that is...

18 hours ago
Healthcare
CareCredit: Solving for the Wallet-Sized Gap in Women’s Healthcare Access

The invisible cost of caregiving continues to pose a challenge for...

18 hours ago
Retail
Data-Driven and Customer-Centric: Inside Lands’ End’s Digital Transformation

It was Walt Disney who once said, “We keep moving forward,...

18 hours ago
B2B Payments
59% of US Businesses Link Poor Cash Flow to Manual...

As Silicon Valley innovates with artificial intelligence, many companies remain burdened...

18 hours ago
Bank Regulation
Open Banking’s Moment of Truth: How Will Section 1033 Change...

You’ve heard of the October surprise. The term applies to politics,...

1 day ago
Personnel
Instacart Appoints Ex-Uber Executive Anirban Kundu as Chief Technology Officer

Instacart appointed former Uber executive Anirban Kundu as its new chief...

1 day ago
SMBs
HoneyBook Launches Expanded Suite of Financial Tools for Independent Businesses

HoneyBook launched an expanded suite of financial tools that can be...

1 day ago
artificial intelligence
Google’s Drug Discovery LLM Signals Shift Toward Industry-Specific Approach

Google DeepMind has developed an AI model to predict key properties...

1 day ago
Financial Inclusion
Experian to Provide Debt Relief and Financial Services to 5,000...

Experian is providing debt relief and financial education, products and services...

1 day ago
BNPL
Rite Aid Adds Klarna’s ‘Pay in 4’ Option to Its...

Rite Aid has teamed with Klarna to offer buy now, pay later options at...

1 day ago