News

Banking
NYCB Profits from Signature Bank Acquisition Lost
January 31, 2024

New York Community Bancorp (NYCB) shares closed down 38% Wednesday (Jan. 31) following its announcement of a dividend cut and an unexpected loss. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

eCommerce
Temu Ad Spend Places It Among Largest Online Advertisers in US
January 31, 2024

Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. 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...

Loyalty & Rewards
Older Consumers Seek Credit Card Rewards on Food Purchases but Not Much Else
January 31, 2024

When it comes to rewards preferences, older generations tend to want to receive perks for their grocery and restaurant spending, but they don’t necessarily want to be rewarded for many other kinds of purchases. Get the Full Story Complete the form to unlock this article...

eCommerce
Shopify to Add AI-Powered Media Editor and Commerce Assistant
January 31, 2024

Shopify plans to expand its range of artificial intelligence (AI)-powered tools for sellers to include a media editor and a commerce assistant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Biometrics
Biometrics Startup Incognia Raises $31 Million for Anti-Fraud Tools
January 31, 2024

Biometrics startup Incognia has raised $31 million to develop its location identity offerings. 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...

Security & Fraud
Experian Launches Fraud Prevention Tool for Car Dealers
January 31, 2024

Car buying is increasingly moving online, and scammers who target car buyers are following suit. 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...

eCommerce
FedEx’s eCommerce Battle Hinges on ShopRunner and a ‘Critical Mass’ of Retailers
January 31, 2024

More than 80 years ago, Winston Churchill said war would be waged on multiple fronts: the beaches, the fields, the streets and in the air. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Metronome Raises $43 Million to Expand Usage-Based Billing Platform
January 31, 2024

Metronome has secured $43 million in a Series B funding round to simplify and streamline usage-based billing for Software-as-a-Service (SaaS) companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

eCommerce
TikTok and GoTo Combine eCommerce Businesses in Indonesia
January 31, 2024

TikTok and GoTo, the largest digital ecosystem in Indonesia, announced the formation of a strategic partnership in Indonesia. 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...