News

Faster Payments
Caesars Sportsbook Taps Ingo Money for Instant Payouts
October 10, 2022

When it comes to online sports betting, the need for speed is everything — from the time it takes to deposit funds and place bets, to getting earned money back into users’ bank accounts on wins.  To ensure bettors are getting returns as fast as...

Banking
Nobel Prize in Economics Cements Banks’ Unique and Trusted Role
October 10, 2022

The most recent Nobel laureates in economics confirm that banks have cemented a level of trust with consumers that is invaluable. The Nobel Prize in Economic Services was awarded to former Federal Reserve Chief Ben Bernanke and to Douglas Diamond and Philip H. Dybvig, economists,...

Retail
Retail Warehouse Shortage Could Worsen as Cities Mull Construction Bans
October 10, 2022

In the city of Colton, California, there are 54,000 residents and 58 licensed warehouses. The city is in the state’s Inland Empire, just east of Los Angeles, where proximity to ports and railroads has made the region a hub for the nation’s supply chains —...

Retail
Amazon’s Prime Early Access Sale Will Be Retail’s Inflationary Windsock
October 10, 2022

Amazon’s Prime Early Access sale — Prime Day part 2 if you like — runs Tuesday and Wednesday (Oct. 11-12). It will serve as a kind of retail windsock that will give clues to the wider sector on whether consumers — who are currently fraught...

Retail
Toymakers See New Opportunity to Sell to Grown-up Kids
October 10, 2022

At an eCommerce portal geared toward adults, toy maker Hasbro offers items such as a $350 model of a spaceship from Star Wars. Habro Pulse was launched in 2018 and caters to the same audience served by similar portals, products and in-stores events offered by...

B2B Payments
CFOs Bring New Risk Mindset to Digitization 3 Years After Urgent COVID Shutdown 
October 10, 2022

With any luck, there will never be another end-of-the-world business shutdown moment like that which was seen in March 2020, where companies large and small were instantly catalyzed to digitally adapt or die to a new remote reality all at once. As part of our...

Banking
Goldman Dials Back Retail Banking Focus
October 10, 2022

Goldman Sachs could be reorganizing for the fourth time in three years as it rolls up the welcome mat on consumer banking for all and redistributes those products to its already-strong wealth-management business. The legacy bank sunk billions into its FinTech Marcus, with CEO David...

B2B Payments
Financial Scams up the Ante for FI Investment in AI-Powered Tools
October 10, 2022

Something’s got to give, as the old song goes. As Dave Excell, founder of Featurespace, remarked to PYMNTS’ Karen Webster with a nod to fraud attacks bedeviling financial institutions: “The problem is big, and it continues to grow. So doing nothing isn’t really a solution...

Security & Fraud
Fraudsters Shift Focus to Big-Ticket Real Estate Closing Scams
October 09, 2022

The Secret Service has been looking into identifying scammers moving millions of stolen dollars through banks around the New York tri-state area. A Bloomberg report quotes an agent who says he has been reviewing a government database — the Internet Crime Complaint Center, or the...