News

Retail
Ebay Cuts 9% of Staff Amid Rising Competition
January 24, 2024

Online marketplace company eBay says it will lay off 9% of its workforce, citing a difficult macroeconomic environment. 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...

Security & Fraud
Risk-Based Scores and Customer Profiles Bolster Merchant Efforts Against Fraudsters
January 24, 2024

No matter the attack vector, bad actors have a singular strategy in place when it comes to eCommerce fraud, Jason Paguandas, VP and GM, Merchant Security and Fraud, Carat from Fiserv, told Karen Webster. Get the Full Story Complete the form to unlock this article...

Banking
Meet the Neobank That Counts Only Doctors as Customers
January 24, 2024

Picture this: a 28-year-old $400,000 in debt who has never held a job.  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....

Artificial Intelligence
Shopping Beats Banking for Consumers Interested in AI-Enabled Experiences
January 24, 2024

The introduction of artificial intelligence is changing the payments industry, transforming the way consumers pay for goods and services. 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...

Retail
Zalando Doubles Down on Luxury and Exclusivity to Capture High-Earner Potential 
January 23, 2024

Zalando, the European fashion and lifestyle eTailer, is elevating the “designer experience” on its website and app by introducing a luxury boutique-style space dedicated to designer brands.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
FTC Upholds September Ruling Finding Intuit’s ‘Free’ Products Advertising Deceptive
January 23, 2024

Intuit, the maker of TurboTax tax filing software, has been found to have engaged in deceptive advertising practices, according to an Opinion and Final Order issued by the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

eCommerce
8 in 10 Consumers are Highly Satisfied With Online Marketplace Shopping
January 23, 2024

The convenience of shopping from the comfort of one’s home has led to the growing popularity of online marketplaces among consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
P&G: Inflation Isn’t Keeping US Consumers From Buying More Expensive Brand Names
January 23, 2024

It turns out Procter & Gamble, the company which makes household staples like Tide detergent, Bounty paper towels, and Crest toothpaste, made more money last quarter because it raised prices on its household items, showing that even with inflation, people are still buying the company’s...

Investments
ModernFi Raises $18.7 Million to Expand Deposit Management Tools
January 23, 2024

ModernFi has secured $18.7 million in funding to bring its deposit management tools to financial institutions of all sizes.  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...