News

Payment Methods
AffiniPay Expands Payment Processing Solutions to Puerto Rico
April 18, 2024

AffiniPay has expanded the availability of its payment processing solutions for attorneys and accounting professionals to Puerto Rico. These solutions, LawPay and CPACharge, are already used by more than 80,000 law and accounting firms in the United States and Canada, the company said in a Thursday (April 18) press release....

Security & Fraud
UnitedHealth Reports Processing Issues at Change Healthcare
April 18, 2024

Change Healthcare’s troubles are apparently not over. The company, which is owned by UnitedHealth, said Thursday (April 18) it had fixed an issue that had hindered medical claims processing for some customers, per a report by Reuters. According to that report, a fix had been found...

Retail
Gen Z Shoppers Bring Social Commerce Into Malls
April 18, 2024

Social media virality is beginning to shape mall stores, as ultra-connected Gen Z shoppers expect their physical lives to more closely resemble their digital ones. For instance, young social media users have flocked to fashion brand Edikted, which has roughly 600,000 followers on both Instagram...

Regulation
McHenry Proposes Office to Regulate Financial Regulators
April 18, 2024

House Republicans think America’s financial oversight bodies need some oversight of their own. U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, re-introduced legislation Wednesday (April 17) that would set up Financial Services Innovation Offices (FSIO) within each financial regulator. “Each FSIO will assess burdensome agency regulations...

eCommerce
Cart.com to Simplify Onboarding, Provide Services for Walmart Marketplace Sellers
April 18, 2024

Cart.com is working with Walmart Marketplace to simplify onboarding and help both new and existing sellers grow their sales on that platform. Customers using Cart.com’s multichannel management platform will be able to access special incentives across Walmart Marketplace’s shipping, advertising and repricing services as well...

Regulation
House GOP Targets Shadow Bank Regulations
April 18, 2024

A top House Republican wants to overturn a recent federal regulation governing non-bank financial companies. Rep. French Hill (R-Ark.) introduced a resolution Wednesday (April 17) that would yank the approval of the Financial Stability Oversight Council (FSOC)’s guidance on non-bank financial company determinations, adopted last fall. “This guidance transforms...

Retail
Nearly 40% of Millennials Rely on Retail Subscriptions for Shopping
April 18, 2024

Retail subscriptions represent a massive growth opportunity for eCommerce merchants. PYMNTS Intelligence data reveals that more and more consumers are choosing to take advantage of the convenience that online retail subscriptions provide. In “The Replenish Economy: A Household Supply Deep Dive,” a report PYMNTS Intelligence...

B2B Payments
WorldFirst Launches Cross-Border Payment Solution for B2B Trade
April 18, 2024

Digital payments platform WorldFirst has debuted a solution to help small businesses speed cross-border payments. WorldTrade, announced Thursday (April 18), is aimed at small and medium-sized enterprises (SMEs) that procure products from suppliers based in China. “The launch of WorldTrade aims to build trust in B2B trade through digital...

Digital Banking
Revolut Invests $100 Million in Mexico as Remittances Jump
April 18, 2024

Revolut has reportedly made a $100 million-plus bet on Mexico’s remittance market. Speaking with Reuters Wednesday (April 17), Revolut Mexico CEO Juan Miguel Guerra said the bulk of that investment will be used to hire staff, cover short-term debt and expenses and maintain a strong...