News

Security & Fraud
Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
August 18, 2023

Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. 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,...

eCommerce
India Writes the Playbook for Mobile Payments Innovation
August 18, 2023

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 to receive marketing communications from PYMNTS and...

Retail
Walmart and Amazon: A Tale of Two Massive Retailer Earnings
August 18, 2023

The eagerly anticipated earnings release for Walmart beat analyst predictions, showing how efforts by the Bentonville-based retailer to increase market share and grow its customer base may be paying off. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fintech Investments
Earnings Continue to Dominate as FinTech IPO Index Loses 2.8% and Katapult Slides
August 18, 2023

The FinTech IPO Index slid 2.8%, as earnings continued to come in, particularly from companies based overseas. 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...

Merchant Innovation
Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
August 18, 2023

Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
States on the AI Beat: New Task Force Aims to Corral Emerging Tech
August 17, 2023

The digital age is reshaping behavioral norms and business opportunities.  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...

Regulation
Goldman Sachs Boosts Compliance Department Amid Regulatory Scrutiny of Industry
August 17, 2023

Goldman Sachs Group is reportedly adding staff to its compliance department amid increased scrutiny of the industry from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

CFPB
CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
August 17, 2023

The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for engaging in illegal activities related to mortgage loan referrals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Albertsons, Other Grocers Expand Digital Offerings to Boost Omnichannel Adoption
August 17, 2023

This week in grocery, Albertsons adds nutrition tools to drive digital adoption, The Fresh Market adds prepared meals to its eCommerce site, and eGrocer Hungryroot’s artificial intelligence (AI) drives rapid growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited...