News

Delivery
Small Merchants Struggle to Provide Delivery Affordable Enough for Consumers
June 12, 2024

With the high labor costs of delivery, smaller merchants are struggling to find ways to compete on convenience without excessively compromising their margins and without alienating customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Digital Banking
UK Neobank Starling Profits Soar 55% for Third Year in the Black
June 12, 2024

Starling has just finished its third profitable year amid plans to expand its software operations. 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...

Digital Banking
Experts Say Composable Banking Builds Better Digital Customer Experiences
June 12, 2024

Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators are focused on it as they try to make sense of their potential involvement. And as its importance spreads beyond...

CFPB
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
June 11, 2024

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying it would upend the American credit and healthcare systems. Get the Full Story Complete the form to unlock this article...

eCommerce
TikTok Shop Testing Image Search Capability in US, Southeast Asia
June 11, 2024

TikTok is reportedly testing image search capability for TikTok Shop. 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...

B2B Payments
Forwardly Adds ‘Pay by Credit Card’ to B2B Payments Platform
June 11, 2024

Forwardly has added a “pay by credit card” option to its business-to-business (B2B) payments platform. 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,...

Retail
Gen Z Wants to Buy Cars Most — but Buys Them Least
June 11, 2024

Young consumers are the likeliest to be saving up to buy a car, but that rarely translates to them being able to afford a new vehicle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Issues Proposed Rule Banning Medical Bills From Credit Reports
June 11, 2024

The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. 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...

Retail
Consumer Spending Shows Signs of Summer Recovery, but Retailers Are Cautious
June 11, 2024

Consumer spending is beginning to show signs of recovery going into the summer, but major retailers are not getting their hopes up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...