News

Loyalty & Rewards
How Experience-Driven Credit Card Rewards Can Win Gen Z, Millennial Loyalty
May 01, 2023

Brits love rewards and place loyalty programs among the top factors considered when choosing where to shop, PYMNTS research has shown. And it’s no different in the credit card space, said Tim Chong, co-founder and CEO at U.K. credit card startup Yonder, where customers are...

Retail
Crocs Banks on Collaborations to Boost D2C Sales of Heydude
April 30, 2023

Crocs’ better-than-expected Q1 results are currently being attributed to the increasing consumer interest in casualization, comfort, sustainability, and personalization. During Q1, the comfort footwear company, which includes the Crocs and Heydude brands, revealed robust direct-to-consumer (D2C) growth for both labels. Crocs’ D2C revenue increased by...

International
China Seeks Spike in Travel and Shopping Following Pandemic
April 30, 2023

China is reportedly seeing a sharp increase in post-COVID travel and consumer activity. 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....

Banking
Report: JPMorgan and PNC Among Bidders for First Republic
April 30, 2023

PNC and JPMorgan Chase were reportedly among the bidders vying to own First Republic Bank. 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...

Ridesharing
HumanForest Raises $15 Million to Grow UK eBike Business
April 30, 2023

U.K.-based micromobility firm HumanForest has raised $15 million to boost its eBike technology. 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....

Digital Banking
FDIC Sends Cease and Desist Order to Cross River Over Lending Practices
April 30, 2023

Federal regulators have cited Crypto and FinTech-focused lender Cross River Bank. 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...

Social Commerce
As TikTok Is Squeezed, ByteDance Makes Lemon8
April 29, 2023

Lemon8, the sibling app of TikTok, is steadily growing its user base while TikTok faces challenges on Capitol Hill and the first state-approved measure to ban it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Regulators Blame Signature for Own Failure and Themselves for SVB’s
April 28, 2023

In a scathing self-assessment, the Federal Reserve’s autopsy on Silicon Valley Bank’s failure puts blame partially on its own doorstep, as regulator reports on Signature Bank’s collapse cite the lender’s “poor management.” Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Former Apple Buyer Sentenced to Prison for $17 Million Fraud
April 28, 2023

A former Apple buyer has been sentenced to three years in prison for defrauding the company of $17 million. 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...