With privacy top of mind for most consumers, opting into using receipt data may require collection transparency. Item-level receipt data integration has gained increasing attention. Through analyzing consumer information gathered from consumer-shared receipts and card transactions, financial institutions (FIs) and FinTechs can personalize and therefore...
Payment networks have paused their implementation of a new merchant category code for gun shops. American Express, Discover, Mastercard and Visa have done so but have not said that they would end it completely, Reuters reported Thursday (March 9). The move by the companies comes after several states raised concerns about improper...
Even bleeding-edge firms face implementation issues integrating item-level receipt data into their operations. Research in the 2023 playbook “Meeting the Need for Item-Level Receipt Data: How Integration Enables Innovation,” a PYMNTS and Banyan collaboration, found that no matter their level of data readiness, both FinTechs...
As Grubhub sees it, digitally-minded restaurants need to focus on engagement if they’re going to succeed. In an interview with PYMNTS, Kate Green, vice president, restaurant services and innovation at the aggregator, spoke to the necessity of focusing on returning customers instead of just new customer...
Clearbit has launched a new way for firms to control data usage across a large base of customers. The provider of real-time company intelligence said in a Tuesday (Feb. 14) blog post that its Powered by Clearbit program now enables customers to provision application programming...
Among banks and FinTechs, there’s recognition of the value inherent in receipt data. That granular detail can help forward-thinking firms craft and offer more customized services and products to their customers. The report “Meeting the Need for Item-Level Receipt Data: How Integration Enables Innovation,” a...
The amount of money transfer data available to law enforcement is larger than previously reported. The database includes 150 million such transfers from the United States to other countries, is growing and is accessible to more than 600 agencies without a court order, the Wall...
CFOs who spent 2022 modernizing their businesses expect to reap further data-driven benefits in 2023. Across numerous and far-ranging discussions, PYMNTS found that providing value through cutting-edge analytics is a key priority for finance leaders in the coming new year — regardless of industry or geography. The...
Global digital transformation slowed in Q3, but the year of inflation couldn’t stop its progression. Marking the forward march of connected devices and ecosystems against forceful macroeconomic headwinds, the PYMNTS study How The World Does Digital: Different Paths To Digital Transformation analyzed roughly three million data points...
