News

Investments
FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
February 28, 2024

Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Retail
New Shoppable Media Emerges in Blow to Industry Pioneers QVC and HSN
February 28, 2024

With consumers increasingly expecting their shoppable media experiences to flow more seamlessly between entertainment and commerce, traditional shopping networks such as HSN and QVC are seeing revenue declines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital Banking
Mastercard to Launch New Open Banking-Powered Digital Account Opening Experience
February 28, 2024

Mastercard is preparing to launch a new digital account opening experience for select U.S. debit and prepaid products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Security & Fraud
US Money Laundering Fight May Soon Turn Corner
February 28, 2024

Is the tide turning in America’s war on money laundering? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Artificial Intelligence
Media and Entertainment Companies Go All-In on Generative AI
February 28, 2024

Creativity is inherent to the media industry and crucial to understanding the industry’s openness to and enthusiasm for experimentation and innovation. Its mission to offer engaging content also drives it to explore ways of enhancing creative capabilities while simultaneously streamlining elements of production processes, reflecting...

eCommerce
Coupang Q4: Farfetch Acquisition Opens Door to Untapped Luxury Goods Market
February 27, 2024

Korean eCommerce giant Coupang announced fourth-quarter earnings on Tuesday (Feb. 27), reporting a year of accelerated growth, record profits and a strong cash balance of over $5.5 billion dollars. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
Capital One Says Repair of Discover’s Regulatory Challenges a ‘Big Undertaking’
February 27, 2024

Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Cross-border Payments
Brazil’s Central Bank Promotes Pix as Cross-Border Payment Solution
February 27, 2024

Brazil’s central bank is reportedly looking to take the country’s instant-payment system, Pix, to the global stage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Artificial Intelligence
Ebay Taps AI to Drive Auto Sales, Social Commerce
February 27, 2024

As eCommerce merchants explore ways for artificial intelligence (AI) to drive conversion and efficiency, eBay is looking to the technology to boost high-ticket auto parts sales and to grow its reach in social commerce.  Get the Full Story Complete the form to unlock this article...