News

Regulation
Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
May 03, 2024

Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle. 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
Walmart and Amazon Expand Private-Label Plays to Compete in Grocery
May 03, 2024

As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Fintech Investments
Platforms Rally to Push FinTech IPO Index 3% Higher
May 03, 2024

A 3% gain in the FinTech IPO Index this past week was led by the platforms. 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...

B2B Payments
Big Innovations Powering Small Business Growth Dominate This Week in B2B
May 02, 2024

It is National Small Business Week in the U.S., and the spotlight is on business-to-business (B2B) innovation.  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...

Retail
UK Consumers Love to Shop From the Comfort of Their Homes
May 02, 2024

Shoppers in the United Kingdom love eCommerce, disproportionately preferring to make purchases online without engaging with physical stores, PYMNTS Intelligence reveals.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Pleo Secures $43 Million Facility to Expand Credit Offering
May 02, 2024

Pleo has secured a 40-million-euro (about $43 million) debt financing facility from HSBC Innovation Banking UK. 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...

Investments
Tuza Raises $5 Million for Business Card Payments Comparison Site
May 02, 2024

London-based Tuza secured 4 million pounds (about $5 million) in seed funding for its platform that brings price comparison to card payments in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Loyalty & Rewards
Simple Credit Rewards Work for Older Generations, but Not Gen Z
May 02, 2024

More than 80% of credit card users now receive reward offers from their card issuers and, on average, 72% of those rewards get used within 90 days. Meanwhile, 71% of consumers tell PYMNTS Intelligence that they are highly satisfied with the rewards that their primary...

Payment Methods
Worldpay Launches Tap-to-Pay Offering for Merchants
May 02, 2024

Payment facilitators (PayFacs) using Worldpay’s services can now offer their merchants tap-to-pay on iPhone. 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....