News

Retail
Kohl’s, Simon Property and Klarna Sprinkle AI Magic to Boost Holiday Spend 
November 21, 2023

The addition of artificial intelligence (AI) is proving to be a holiday miracle for brands, retailers and even payment providers, reshaping the way they connect with consumers.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Study Finds Non-Gift Holiday Spending to Drop 26% as Consumers Trim Budgets
November 21, 2023

The average holiday shopper anticipates spending roughly $860 this year on non-gift holiday purchases such as live entertainment or retail products for personal use — compared to $1,160 in 2022. Meanwhile, spending on gifts will rise modestly and average about $1,000. Get the Full Story...

Retail
How True Religion Is Stitching Together Its Comeback 
November 21, 2023

During the early 2000s, True Religion earned praise for its distinctive designs, top-notch craftsmanship, and inventive denim strategies. However, its ascent was matched by a swift decline, culminating in its bankruptcy in 2017.   Get the Full Story Complete the form to unlock this article and...

Digital Banking
Nearly 40% of FinTechs Offer Mobile Check Deposit but Only 12% of Consumers Use It
November 21, 2023

FinTechs have emerged as disruptors in the financial industry, offering consumers a wide range of 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 to our daily...

Artificial Intelligence
Can AI Systems Be Accountable for Bad Legal Advice?
November 21, 2023

How do you safely apply a technology that draws from everything and can generate anything? 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,...

B2B Payments
B2B Payments Are Going Digital and Getting More Personal 
November 20, 2023

The latest business-to-business (B2B) payments innovations are turning personalization into the gold standard of payment evolution.  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...

CFPB
CFPB Orders Prehired to Pay $30 Million, Cease Operations
November 20, 2023

The Consumer Financial Protection Bureau (CFPB), in collaboration with 11 states, has announced an enforcement action against Prehired, a Delaware-based company that has filed for bankruptcy and ceased operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Kohl’s President and COO Leaves Retailer After 7 Months
November 20, 2023

Kohl’s President and Chief Operating Officer Dave Alves has left the company, after about seven months in those roles. 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...

Loyalty & Rewards
American Express Allows Spending of Reward Dollars on Amazon
November 20, 2023

American Express cash-back cardholders can now spend their Reward Dollars on Amazon. 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...