News

Retail
40% of Retail Shoppers Have Switched to Cheaper Merchants to Save Money, Study Finds
May 05, 2023

Inflation has caused competition in retail and grocery to intensify as businesses fight for a smaller and smaller piece of the revenue pie. More than half of grocery shoppers and more than two-thirds of retail shoppers are cutting back on nonessential spending. PYMNTS’ data shows...

Security & Fraud
Generative AI Gives Scammers More Tools and Greater Reach
May 05, 2023

In today’s digitized environment, it is becoming more complex to combat all the potential exposure points where businesses could lose money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Payment Methods
Economic Headwinds Force Hard Look at What Drives Customer Value, Says FlexPay COO
May 05, 2023

PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Trevor Murphy, COO and co-founder of payment authorization management platform FlexPay, says opportunities still exist despite market headwinds and...

Fintech Investments
NerdWallet and SoFi Earnings Blunt FinTech IPO Gains as Index Adds 1.4%  
May 05, 2023

A spate of earnings reports rolled in through the past week, and a rough parity between gaining stocks and decliners held the FinTech IPO Index to a 1.4% gain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payment Methods
Fiserv TXT2PAY Gives Software Platforms New Conversational Commerce Tools
May 05, 2023

Texting is ubiquitous.  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...

eCommerce
Online Sellers Demanding Real-Time, Unified View of Sales From Payments Services Providers
May 05, 2023

Despite advancements in eCommerce technology, businesses that operate in digital commerce, particularly those with multiple storefronts, still lack a complete and unified multi-platform overview of their finances, says Samir El-Sabini, CEO and co-founder at Juni. Get the Full Story Complete the form to unlock this...

Security & Fraud
71% of Gen Z Consumers Prefer Banking via Smartphone for Security
May 04, 2023

As smartphone security measures like biometrics become more advanced, more consumers feel safe conducting financial transactions via mobile, including over half of seniors and baby boomers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Carvana Expects Return to Profitability in Q2 After Cutting Costs
May 04, 2023

Carvana expects to return to profitability in this quarter after cutting costs. 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...

Investments
HV Capital Closes $782 Million Fund for ‘Technology Disruptors’
May 04, 2023

Germany’s HV Capital says it has closed a €710 million ($782 million) fund targeting “high-growth” firms. 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...