News

CFPB
Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
May 14, 2024

For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. 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...

Security & Fraud
75% of Large Banks Agree to Reimburse Victims of Authorized Fraud
May 14, 2024

The Federal Reserve’s FraudClassifier divides fraud into two categories: authorized fraud and its unauthorized counterpart. 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...

Retail
Fashion Shoppers’ Shift to Digital Sends Physical Retailers Packing
May 14, 2024

Consumers are increasingly buying clothing from third-party digital marketplaces, forcing more retailers to close 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....

Ridesharing
Lyft Extends 70% Pay Standard to Drivers Nationwide
May 14, 2024

Ride-hailing platform Lyft said it wants to lift its driver’s earnings. 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,...

Artificial Intelligence
Klarna Reports Internal AI Assistant Answers 2,000 Employee Questions Daily
May 14, 2024

Klarna reported that over 87% of its employees across the company are now using generative artificial intelligence in their daily work. 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...

Retail
Tanger Outlets Court the Digital, Aspirational Shopper
May 14, 2024

May 2020. The COVID-19 lockdown was starting to ease, but it was in its second month. Consumers were flocking toward the dramatic digital shift that would eventually be the hallmark of the pandemic. At physical retail locations — like outlet centers — the outlook ranged from cautious...

Retail
59% of UK Consumers Still Prefer to Buy Groceries In-Store
May 13, 2024

Adopting Click-and-Mortar™ shopping allows consumers to leverage the best of both online and in-person features to maximize their buying experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Small Retailers Struggle to Bounce Back From the Pandemic
May 13, 2024

As many small- to medium-sized businesses (SMBs) have spent the last year recovering from the impact of the pandemic, mom-and-pop retailers have struggled to regain their footing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Payment Methods
Mexico-Based Aplazo Raises $70 Million for Omnichannel Payment Platform
May 13, 2024

Aplazo has raised $70 million in equity funding, including a $45 million Series B, to continue building its omnichannel payment platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...