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Posts By PYMNTS
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640InnovationThe Connected Devices We Never Knew We Needed
Like so many other major events, the Consumer Electronics Show (CES) was different this year, insofar as there was no floor in...
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917InnovationMercadoLibre To Expand Electric Fleet After $1.1 Billion Bond Sale
Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles. “We’re seeing positive...
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924AppleApple Considers Podcast Service To Better Compete With Spotify
Apple is exploring the addition of a premium subscription podcast tier to become a more competitive rival to Spotify, Bloomberg reported on Friday...
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1.1KSecurity & FraudFinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act
The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for...
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990EarningsWhat We Learned From Banks’ Opening Earnings Salvo
In the first wave of Q4 earnings reports, J.P. Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending...
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1.0KEarningsCiti Q4 Earnings Show Digital Banking Growth, Drop In Card Spending
Citigroup reported stronger than expected Q4 earnings Friday (Jan. 15) that showed a solid digital business, but fell short on expected revenue....
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1.1KInvestmentsBlend And MX FinTechs Land $300 Million Investments
Blend and MX, which are both FinTech startups, separately announced that they have each landed $300 million in funding. “Money experience” company...
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1.1KIPOBumble Plans To Go Public On The Nasdaq
Relationships app Bumble Inc. plans to go public and list its Class A shares on the Nasdaq Global Select Market under the “BMBL”...
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934GooglePlay Store Has State AGs Exploring Third Google Lawsuit
Alphabet-owned Google could be hit by a third lawsuit by state attorneys general, this time over its management of the Play Store,...
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1.1KDeliveryUber Seeks Investors To Launch Startup For Postmates X Delivery Robot
Uber is seeking investors so it can launch a separate startup for the robotics division of Postmates, Postmates X, TechCrunch reported on...
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909The WeekenderRoblox, Digital-First Shopping, QR Codes Top This Week’s News
In this week's news, we saw Roblox’s plans to go public through a direct listing, consumers’ preferences for a digital-first shopping experience...
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1.0KCoronavirusPandemic Raises A Glass To Non-Alcoholic 'Mocktails'
Sales of alcohol soared during the early weeks and months of the pandemic, but a wellness vibe seems to be taking hold...
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949RetailHoliday Sales Shot Up 8.3 Pct In 2020
Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation...
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941NewsToday In Payments: Poshmark More Than Doubles Valuation In Nasdaq Debut; Goldman Taps Marqeta To Power Marcus Digital Checking
In today’s top news, Poshmark has more than doubled its valuation after its IPO on Thursday, and Goldman Sachs is teaming with...
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807EarningsWells Fargo’s Provision For Credit Losses Drops $823 Million
Wells Fargo reported on Friday (Jan. 15) as part of its Q4 2020 earnings that its provision for credit losses fell $823...
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1.1KRetailMarc Lore Retiring From Walmart To Create City Of The Future
Serial entrepreneur and Jet.com Founder Marc Lore is retiring as Walmart’s CEO of eCommerce to help startups and write a book while...
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937Travel PaymentsDelta, Airbnb CEOs Say Travel Is Rebounding, But Change Is Inevitable
Surviving the worst year in aviation history is, itself, an accomplishment. According to Delta Airlines CEO Ed Bastian, while pre-COVID volumes and...
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1.1KBankingECB Officials Fear Banks Will Get Hit Hard By Pandemic Fallout
European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic...
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1.1KB2B PaymentsToday In B2B: HSBC Launches Cash Flow Tech; TD Makes Equipment Finance Buy
Today in B2B payments, HSBC launches cash flow management tool, and TD Bank acquires equipment finance operations from Wells Fargo. Plus, AspireHR...
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1.1KRetailPandemic Surge Slows Consumer Spending; December Retail Sales Drop
The momentum of the new pandemic surge was too much for consumer spending to overcome, according to new data released Friday (Jan....
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952EarningsJPMorgan’s Mobile Customers Surge 10 Pct; Management Cautious On Economic Environment
J.P. Morgan Chase posted fourth-quarter earnings results on Friday (Jan. 15) that showed the impact from the pandemic and economic headwinds were...
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1.1KPartnerships / AcquisitionsPorch Expands Into InsurTech, Adds Services With Key Acquisitions
Home services platform Porch Group is branching out with the acquisition of four digital platforms that will expand its Total Addressable Market...
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1.1KRetailAmazon Introduces Alexa Custom Assistant For In-Car Apps
Amazon unveiled Alexa Custom Assistant on Friday (Jan. 15), a product that allows companies to create customized artificial intelligence (AI) assistants to...
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1.0KWalmart Amazon whole paycheckWhole Paycheck Tracker: Amazon, Walmart Gain Q3 eCommerce Sales, But Lose Share Of Total Spend
PYMNTS’ latest Walmart vs. Amazon Whole Paycheck Tracker found that the two retail giants did something unusual during the third quarter: They...
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1.3KRetailWhy Trader Joe’s, Dollar General And Instacart Will Pay Workers To Get Vaccinated
Trader Joe’s, Dollar General and other companies that employ thousands of front-line hourly or gig workers have announced plans to pay bonuses...
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1.1KToday In DataDigital Technologies Drive Innovation In Retail, Payments
Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t...
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1.0KRetailHudson To Add Amazon’s Just Walk Out Technology To Its Popular Airport Convenience Stores
The Hudson Group plans to add Amazon’s Just Walk Out technology to some of the popular convenience stores the chain operates at...
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1.0KRegulationAnt Group Overhauling Operations To Satisfy Chinese Regulators
After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply...
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963Digital OnboardingPrecise Location Data Is Targeting ‘Last Mile Delivery’ Demons
If you think real estate is thrice obsessed with location (and it is), make room for geodata’s expanding role in payments, banking...
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666RetailCensus: December 2020 Advance Monthly Sales Drop 0.7 Pct
The U.S. Census Bureau reported on Friday (Jan. 15) that advance estimates of U.S. retail and food services sales for December 2020...
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842CoronavirusLatest Research: Vaccines May Cure ‘Pandenomic’ Slump And Fill Stores Again — By 2022
The latest installment in PYMNTS' ‘Pandenomics’ study series is Mapping Digital-First Consumers' Return to the Physical World, the "Why Digital-First Behaviors Are...
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704AuthenticationWilsonHCG On Leveraging Video, Digital ID Tools To Ease Remote Hiring
Hiring and vetting job applicants remotely has become par for the course, but not all companies know how to verify job applicants'...
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891B2B PaymentsHow The Pandemic Underscores The Digital-First Startup Strategy
Each organization laid out its own path to reconcile with the sudden impacts of the pandemic earlier last year. For larger firms,...
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1.0KB2B PaymentsEmbedded Finance Tops B2B Tech Funding For The Week
Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed...
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943Fraud PreventionDeep Dive: How Online Retailers Kept Fraudsters From Having A Merry Little Christmas
The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike...
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468HealthcareAHLA: Consider Hotels As Vaccine Distribution Sites
A letter from the American Hotel & Lodging Association (AHLA) says that America's hotels, starved for work, want to be considered as...
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938IPONasdaq Debut Gives Poshmark More Than Double Valuation
Poshmark saw its valuation more than double following its Nasdaq debut, with shares closing at $101.50, the Wall Street Journal (WSJ) reported...
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1.3KDigital PaymentsNew Regulations Could Push US Dollar Stablecoins Into The Payments Mainstream
For stablecoins, concept is edging closer to reality, especially for digital dollars – with a dose of regulatory clarity. To that end,...
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1.4KCoronavirusBetter Queuing Can Solve COVID-19 Vaccine’s Last Mile Problem
The pandemic has exposed the vulnerabilities of virtually every institution that underpins daily life — perhaps none so much as the U.S....
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1.6KB2B PaymentsIntegrated Platforms Arm CFOs With The Power To Optimize B2B Payments
When the pandemic drove professionals to work from home, business leaders began accelerating their digitization roadmaps. Accounts payable (AP) and accounts receivable...
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1.3KHealthcareSupplemental Health Insurance Fills Payment Gaps For A Younger, Mobile Consumer
Reining in the rising cost of healthcare and simplifying the elaborate insurance system we use to pay for it has to be...
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1.2KDigital PaymentsDigital Wallet Flips The Script On Payments Friction
A year ago, as 2019 was turning over into 2020, the distinction between card-present transactions and card-not present transactions was highly relevant...
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815Consumer PaymentsDecoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option
The use of QR codes is growing more popular in the United States, enabling consumers to instantly access information and easily pay...
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1.5KTravel PaymentsAirbnb CEO: Post-Pandemic Travel Will Focus On Smaller Cities
Airbnb CEO Brian Chesky said there’s likely no going back to the pre-pandemic days of travel, Reuters reported. He said travel would...
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1.4KBank RegulationOCC Finalizes Long-Held Rule On Banking Equality
The Office of the Comptroller of the Currency (OCC) released a finalized rule on ensuring fair access to banking services from large...
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1.4KPartnerships / AcquisitionsAccolade To Buy 2nd.MD To Boost Telehealth Options
Healthcare technology company Accolade is buying telemedicine startup 2nd.MD to boost its abilities to help users navigate medical plans and second options,...
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1.6KDigital BankingToday In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches $12 Million In Funding
In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California...
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1.1KB2B PaymentsEedenBull Teams With NAB On SMB Spend Management
EedenBull, which works with payment and spend technology, has a new agreement with National Australia Bank (NAB) in which the bank will...
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1.3KPayment MethodsFed’s Powell: CBDC Will Be Years, Not Months, Away
U.S. Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of...
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1.9KB2B PaymentsHSBC Unveils Cash Flow Management Tool As Pandemic Scrambles Balance Sheets
As small businesses and other companies struggle with cash flow management amid the coronavirus pandemic, HSBC wants to help. The Vancouver-based bank...
