News

Regulation
UK’s FCA to Investigate Demands for Personal Guarantees on Business Loans
March 05, 2024

The United Kingdom’s Financial Conduct Authority will investigate the use of personal guarantees by lenders for small business loans. 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...

Security & Fraud
Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
March 05, 2024

A post on an online forum popular with cybercriminals reportedly claimed that UnitedHealth Group paid $22 million to the Blackcat ransomware group to recover compromised data and systems of its subsidiary, Change Healthcare. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Macy’s and Zara’s Moves Show Value of Click-and-Mortar™ Shoppers 
March 05, 2024

Two reports from opposite sides of the globe confirmed that in-store and online shopping are intertwined at their best, and retailers need to offer seamless shopping experiences to deliver the most value to modern consumers. Get the Full Story Complete the form to unlock this...

Banking
CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
March 05, 2024

Call it a form of fixed pricing in the banking industry. 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...

Payments Innovation
Retail Payments Acceptance Presents Innovation Roadblocks
March 05, 2024

Among the many payment acceptance tools now available, embedded solutions provided by a variety of payment facilitators (PayFacs) have become increasingly popular among marketplaces and independent software vendors (ISVs), both of which leverage embedded payments to improve efficiencies and fortify customer engagement. Get the Full...

Merchant Innovation
New Research: Card-Linked Offers Reaching Top Earners and Gen Z
March 05, 2024

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 agree to receive marketing communications from PYMNTS and...

Banking
Sandbox-as-a-Service Poised to Remove Friction From Bank-Vendor Partnerships
March 05, 2024

Few financial institutions (FIs) are choosing to develop technology in-house, indicating a growing reliance on third-party FinTechs to meet their needs. However, sifting through the multitude of options to find the right vendor can be a daunting and resource-intensive process, said Karan Jain, CEO of...

B2B Payments
ConnexPay CEO: Digital Payments Adoption Defines B2B Winners and Losers in 2024
March 05, 2024

Teamwork makes the dream work — particularly within B2B payments. 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...

Payment Methods
J.P. Morgan to Support Cartes Bancaires CB Payments for Merchant Clients
March 04, 2024

J.P. Morgan has become a principal member of the French payments network Cartes Bancaires CB, becoming the first U.S. bank to do so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...