News

Retail
iPhone Demand in China Falls as Resellers Offer Discounts
February 29, 2024

The iPhone is still apparently a tough sell for Chinese consumers. 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...

Banking
Treasury Prime Cuts Staff Amid Shift to ‘Bank-Direct’ Offering
February 29, 2024

Embedded banking firm Treasury Prime is cutting staff amid a new shift in strategy. 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...

Payments Innovation
Socure and Trustly Partner on Pay-by-Bank Solution With Streamlined Onboarding
February 29, 2024

Socure and Trustly have partnered to offer merchants a pay-by-bank solution that includes a streamlined customer onboarding process and guaranteed fast 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...

eCommerce
Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
February 29, 2024

Cart abandonment, a key element of increasing online conversion, poses a significant challenge for online marketplaces, retailer and brand sites. This issue is increasingly worrisome as budget-conscious shoppers use carts as wish lists while searching for better deals. Online businesses use various strategies to try...

Artificial Intelligence
AI Moves From GPS to Copilot for the Insurance Industry
February 29, 2024

In many ways, the insurance industry helped hone the algorithms behind artificial intelligence technology. 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...

Regulation
UK Electronic-Money Company Transactive Systems to Cease Operations
February 28, 2024

Transactive Systems, an electronic-money company in the United Kingdom, is reportedly ceasing operations following the revocation of one of its licenses due to concerns about money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
UK Committee Says Banks Closed 2.7% of Small Business Accounts
February 28, 2024

More than 140,000 business accounts in the United Kingdom were closed by major banks in the last year, according to the U.K. Parliament’s Treasury Committee. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
CFPB to Propose Rules Limiting Activities of Data Brokers
February 28, 2024

The Consumer Financial Protection Bureau (CFPB) will propose rules this year to limit the activities of data brokers, including those that sell personal data to customers overseas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Blockchain / Distributed Ledger
Policymakers Chase Central Framework for Decentralized Finance Oversight
February 28, 2024

You don’t know what you don’t know. 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...