News

Regulation
The Downside of the White House Credit Card Late Fee Cap
February 01, 2023

The Biden administration’s targeting of credit card late fees may lead to unintended consequences. 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...

B2B Payments
Loanspark Launches Co-Branded B2B Lending Service
February 01, 2023

Loanspark has launched a co-branded lending service that helps B2B firms offer business funding 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 our daily newsletter, PYMNTS...

Banking
JPMorgan Expands Retail Banking as Other Big Banks Contract
February 01, 2023

J.P. Morgan is reportedly looking to expand its consumer banking operations in Europe. 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...

Retail
Peloton CEO Says App Subscriptions Are ‘Path to the Promised Land’
February 01, 2023

Peloton says its focus on subscriptions, fitness as a service and third-party partnerships with Amazon and Dick’s are paying off. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Perfect Corp Adds AI-Powered Photo Enhancement App
February 01, 2023

Artificial intelligence (AI) is now being deployed to fix photos that are pixelated, blurry or out of focus. 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...

Retail
Canada Goose Joins Growing List of Luxury Brands Offering reCommerce
February 01, 2023

Add Canada Goose to the list of luxury retailers hopping aboard the reCommerce train. 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...

Digital Banking
Treasury Prime Gets $40M Vote of Investor Confidence in Embedded Banking’s Marketplace Model
February 01, 2023

Two years ago, banking-as-a-service (BaaS) provider Treasury Prime, then a startup, raised $20 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, PYMNTS...

Payments Innovation
Nuvei CEO: Paya Acquisition to Capitalize on Software-Led Payments Opportunity
February 01, 2023

“There has been so much capital deployed in FinTech building out solutions that don’t actually solve real world problems.” 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...

Security & Fraud
FedNow Says Features Will Help FIs ‘Raise the Bar’ on Fraud Management
February 01, 2023

The Federal Reserve’s FedNowsm Service, a new instant payments infrastructure for the nation’s financial institutions (FIs), is expected to catalyze broad access to instant payments for consumers and businesses. When it launches later this year, the 24/7 service will come equipped to support popular use...