News

eCommerce
eBay Looks to ‘Love Island’ to Spread the Word on Resale Shopping
May 17, 2023

eBay and “Love Island” have joined forces to strengthen their commitment to the resale movement. This partnership aims to amplify their shared mission of fostering conversations and promoting a preowned-first mindset among shoppers.  Get the Full Story Complete the form to unlock this article and...

Retail
Retail Giants IKEA, Century 21, Macy’s Embrace Streamlined Approaches 
May 17, 2023

In line with retailers like Macy’s, Bloomingdale’s, and Century 21, Swedish furniture giant IKEA is also embracing a smaller and more streamlined approach.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Report: Shein Raises $2 Billion but Slashes Valuation by 1/3
May 17, 2023

Shein’s latest funding round has reportedly lowered its $100 billion valuation by a third. 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...

Artificial Intelligence
Generative AI Co-Pilots Help Banks Beat Back $4 Trillion in Financial Crime
May 17, 2023

Today’s online world offers more vulnerabilities to exploit, and criminals have taken notice. 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....

Banking
Community Banks May Find GPT More Friend Than Foe
May 17, 2023

The downfalls of Silicon Valley Bank, Signature Bank and First Republic have changed the conversations smaller financial institutions are having with their clients. 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...

Banking
Senators Skewer Failed Bank Execs for ‘Stupid Bets,’ Selfish Management
May 16, 2023

The failures of Silicon Valley Bank (SVB) and Signature Bank were unlike any in history. 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,...

eCommerce
Study Finds Payment Choice More Important Than 33 Other Features When Choosing a Merchant
May 16, 2023

More than 80% of consumers use digital features as part of their shopping experiences, online and in-store. These “digital enthusiasts” and “digital mainstream” shoppers are younger and more affluent than most, making up 92% of the country’s millennials and 88% of the country’s high-income consumers....

B2B Payments
ServiceNow Launches Digital Workflows for Finance and Supply Chain
May 16, 2023

ServiceNow has launched new artificial intelligence (AI)-powered workflows for finance, supply chain and procurement leaders. 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,...

Faster Payments
ACI Worldwide Teams With Corporate One for FedNow Launch
May 16, 2023

ACI Worldwide says it is among the first payments firms certified for the U.S. Federal Reserve’s FedNow instant payments service, due to launch in July. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...