News

Retail
Retailers Have Clear Opportunity to Ramp and Revamp the DIY Checkout Experience
December 29, 2021

Skipping lines always feels like a luxury. Whether skipping the line at Disney World or the local supermarket, the feeling of empowerment is the same. When it comes to supermarkets, consider how the self-checkout options allow consumers to breeze through what might otherwise involve 10...

Banking
FinTech Challenger Bank Chime’s Claims of No Fees Hold up Under Scrutiny
December 29, 2021

FinTech challenger bank Chime can continue using terms like “no overdraft fees” and “no hidden fees” after the National Advertising Division (NAD) of BBB National Programs determined that the advertising for its “SpotMe” program disclosed the necessary information. Get the Full Story Complete the form...

Regulation
Congress Wants Biden to Get in the Game and Play Bigger Role in Regulating Big Tech  
December 29, 2021

Congress is calling on President Joe Biden to join the effort for stronger regulations on social media and other internet platforms. 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,...

IPO
SenseTime is Second Chinese Unicorn to List Overseas
December 29, 2021

When China’s largest artificial intelligence (AI) company begins trading on Thursday (Dec. 30) on the Hong Kong Stock Exchange, SenseTime, ticker HK:0020, will be the first overseas initial public offering (IPO) by a well-known Chinese technology unicorn since Didi’s July listing in New York. Get...

B2B Payments
Nearly Two-Thirds of B2B Sellers Saw At Least 25% eCommerce Growth During the Pandemic
December 29, 2021

More firms have shopped online for goods and services amid pandemic-imposed business constraints. In fact, 62% of business-to-business (B2B) sellers said their eCommerce sales grew by at least 25% during the first year of the pandemic, as reported in the Next-Gen Digital Payments Report, a...

Delivery
Ultrafast Delivery Aggregators Change the Landscape for Convenience Stores
December 29, 2021

Ultrafast delivery is expanding throughout the United States and around the world, posing questions for convenience retailers that, if not answered quickly, could become a significant threat to their existence. After all, so much of convenience stores’ value prop comes from their geographical convenience, a...

eCommerce
3 Must-Have Checkout Features for Online Merchants to Become Top Performers in 2022
December 29, 2021

The pandemic provides an ongoing education as to what frictions consumers will and won’t endure at checkout. People now have firm ideas about what good (and not so good) checkout experiences are, and merchants need to provide the right experience at that moment or risk...

International
EDB Banking App Backs 500+ UAE Firms Since September
December 29, 2021

The Emirates Development Bank said Wednesday (Dec. 29) that since the bank launched its Business Banking App in September, more than 500 United Arab Emirates-based small- to medium-sized businesses (SMBs) and startups have opened accounts within a 48-hour window. Get the Full Story Complete the...

International
UK Consumers Face Food Shortages in 2022
December 29, 2021

Next year could bring food supply disruptions and empty grocery store shelves to people in the U.K. thanks to new EU border controls, British food industry officials are warning. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...