Offering a “safe haven” of sorts after multiple retailers unsettled investors, Target Corp. increased its full-year outlook on profitability as well as strong sales. Online sales jumped 31 percent in the quarter, yet eCommerce didn’t weigh on profitability as it has done in past periods, Bloomberg reported. Get the...
With more than 4.1 billion user credentials exposed in the first half of 2019 alone, financial institutions (FIs) are rushing to artificial intelligence (AI) to prevent fraudsters from using them. Yet, for fraud prevention, Scotiabank Executive Vice President Rania Llewellyn says banks must take a...
The healthcare market is not immune to payment frictions, as costly inefficiencies can force hospitals to chase payments and prompt 47 percent of patients to consider seeking medical treatments elsewhere. The Faster Payments Tracker includes a Deep Dive that explores the potential benefits that real-time...
Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. Such was the strategy of JPMorgan in its latest corporate card initiative. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The world of trade finance has no shortage of friction points. It’s why many FinTech innovators have flocked to the space, with statistics like the Asian Development Bank’s estimate of a $1.5 trillion gap in trade finance availability adding fuel to their innovation fire. Get...
Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Consumer spending shows mixed demand as the holiday shopping season gets underway, The Wall Street Journal (WSJ) reported on Tuesday (Nov. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Billionaire investor Carl Icahn is betting against mall owners. 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,...
It’s not only shopping that is getting more visual via new and emerging technologies, a trend that promises to get more intense in the 2020s, especially with the deployment of 5G mobile network technology. Indeed, the entire commerce experience is getting more visual, and that...
