The contemporary commerce experience has become an end-to-end, digitally seamless and frictionless experience. Merchant payment capabilities need to keep up with, and even help push forward, this fast-evolving new normal. Beauty and wellness businesses were among those to “shift rapidly to digital-first solutions” due to...
Robinhood Markets says its customers are switching to high-yield deposits amid recent banking sector turmoil. Speaking Friday (June 2) at the Bernstein Strategic Decisions Conference, Robinhood CEO Vlad Tenev said total deposits into the company’s Gold Sweep program had surpassed $10 billion, “so it’s kind...
Fast casual eatery Cava is reportedly set to begin promoting its initial public offering (IPO). Executives from the Mediterranean-themed restaurant chain plan to begin a roadshow to attract investors as soon as Tuesday, the Wall Street Journal reported Sunday (June 4). The report, citing people familiar with the matter,...
Hackers have reportedly stolen data from several users of file transfer tool MOVEit Transfer. That’s according to a Friday (June 2) report by Reuters, citing a disclosure from software maker Progress Software, which earlier in the week had revealed the vulnerability that it said could lead to potential...
House Republicans have unveiled legislation they say fills in gaps in the country’s cryptocurrency regulations. The draft proposal, authored by Reps. Patrick McHenry of North Carolina and Glenn Thompson of Pennsylvania, gives the Commodity Futures Trading Commission (CFTC) explicit spot market authority over crypto commodities under...
As older consumers look for ways to reduce their grocery spending in the face of elevated food inflation, most young shoppers continue to splurge on the extra items they want, PYMNTS research reveals. By the Numbers Data from the latest installment of PYMNTS’ Consumer Inflation...
If you can sell your clothes, why can’t you also rent out your clothes? By Rotation, a U.K.-based app, is looking embrace the mindset of consumers who sell their belongings on third-party marketplaces like Poshmark and The RealReal — but apply it to a rental...
For banks — and specifically for their consumers: No deposit, no return? The bedrocks of finance — the commercial banks — are seeing at least some turbulence as customers draw down on deposits. And to keep customers in place, and the funds in place, there...
J.P. Morgan Chase is reportedly resolving some duplicate transactions experienced by its customers who used Zelle. The bank has apologized to customers, is working to resolve the issue, and will fix any double payments and related fees, The Wall Street Journal (WSJ) reported Friday (June 2). Reached for comment...
