News

Digital Banking
Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’
November 13, 2024

The average consumer has 5.3 bank accounts. 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 completing this form, you agree...

Artificial Intelligence
AI Takes Over Taste Testing and Restaurant Analytics
November 12, 2024

New artificial intelligence (AI) tools are changing how restaurants analyze customer data, test food safety and even reproduce scents in laboratories. The technologies include a natural language assistant for querying loyalty programs, an electronic tongue that achieved 95% accuracy in detecting food issues and a...

News
ThredUp Picks Amazon Veteran Danielle Vermeer to Head Social Commerce
November 12, 2024

Clothing reseller ThredUp has chosen Amazon’s ex-luxury resale head as its new social commerce director. 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,...

CFPB
CFPB: States Should Fill Gaps in Laws to Protect Consumers’ Financial Data
November 12, 2024

At a time when more financial institutions are monetizing consumers’ financial data, state policymakers should assess gaps in their data privacy laws, the Consumer Financial Protection Bureau (CFPB) said Tuesday (Nov. 12). Get the Full Story Complete the form to unlock this article and enjoy...

Risk Management
CISO’s Role in Payments Starts With Risk Mitigation
November 12, 2024

Risk management has been a longstanding principle in payments and commerce. Identifying risks, and being able to avoid them, is key to accelerating growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
Big Tech in Spotlight as UK Scrutinizes ‘Critical Third Parties’
November 12, 2024

Financial regulators in the United Kingdom issued long-expected rules governing “critical third parties.” 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....

Regulation
H&R Block to Settle FTC Lawsuit Alleging Deceptive Claims
November 12, 2024

H&R Block will pay $7 million and change some of its practices under a proposed settlement that would resolve a Federal Trade Commission (FTC) lawsuit alleging that the company made deceptive claims about “free” tax filing. Get the Full Story Complete the form to unlock this article...

eCommerce
Shopify Boosts AI and Unified Commerce Tools for Merchants
November 12, 2024

A major focus for Shopify has been ensuring its merchants are equipped to reach consumers wherever they are, Shopify President Harley Finkelstein noted Tuesday (Nov. 12) during the company’s third-quarter earnings call. By streamlining the shopping experience, Shopify officials want to connect its platform to key...

B2B Payments
Alibaba Unveils AI-Powered Search Engine for Global B2B Sourcing
November 12, 2024

Alibaba reportedly unveiled an artificial intelligence (AI)-powered search engine designed to help small businesses in Europe and the Americas source supplies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....