- Friday 15th March - 5:58 pm
Elon Musk has once again stirred up the cryptocurrency market by suggesting that dogecoin (DOGE) should be accepted as a payment method for Tesla vehicles.
Dogecoin saw a 15% increase in ...
- Friday 15th March - 2:12 pm
Call it status quo — and maybe a sense of ennui?
The latest, preliminary readings of consumer sentiment for the month of March, issued Friday (March 15) by the University of ...
- Friday 15th March - 1:17 pm
SAP has launched a composable payment solution designed to help retailers add new payment options.
The company’s new open payment framework integrates SAP Commerce Cloud with several third-party payment service providers ...
- Friday 15th March - 4:00 am
With the news that inflation climbed upward last month, many small- to medium-sized businesses (SMBs) may find themselves walking a tightrope with even fewer safety nets in place than normal. In ...
- Friday 15th March - 4:00 am
Logistics and wholesale trade businesses exhibit robust demand for embedded finance innovations. For example, most payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces are very or extremely interested in ...
- Thursday 14th March - 7:35 pm
As PYMNTS reported this week, while most U.S. consumers appear untroubled by the prospect of near-term inflation, their anxiety levels rise at the prospect of long-term inflation.
It’s unclear how those ...
- Thursday 14th March - 5:30 pm
Paytm will be able to participate in India’s instant mobile payments system, Unified Payments Interface (UPI).
“Now, officially your Paytm UPI will work,” the company said in a Thursday (March 14) post on ...
- Thursday 14th March - 4:38 pm
We are nearly a quarter of the way through the 21st century. But many firms are still carrying around legacy payment systems and suffering from clunky B2B workflows.
This, despite the ...
- Thursday 14th March - 3:32 pm
Nordic Capital is making a strategic investment in One Inc, a digital payments platform for the North American insurance industry.
Nordic Capital will join Great Hill Partners as an investor in ...
- Thursday 14th March - 2:27 pm
Swedish payments FinTech Klarna is now offering open banking-powered settlements in the U.K.
“The launch means consumers can now pay Klarna directly from their bank account instead of using a debit card, bypassing card ...
- Thursday 14th March - 1:10 pm
Interactive music/entertainment platform TouchTunes is entering the mobile payment arena.
The company on Thursday (March 14) announced the launch of FunWallet, its cashless mobile payment platform that lets users pay for in-venue amusement machines ...
- Thursday 14th March - 11:37 am
It is 2024, and the $2.9 trillion cryptocurrency sector doesn’t appear to be going anywhere.
That’s despite a 2022 and 2023 that saw the total market capitalization shrink down over half from earlier ...
- Thursday 14th March - 11:28 am
Sweden’s central bank, the Riksbank, has proposed several measures to make it easier to pay with cash or digital payments.
The central bank also called for an expansion of the Swedish ...
- Thursday 14th March - 10:48 am
The latest reading on retail sales data from the Census Bureau showed that overall retail sales were up 0.6% month over month, reversing a 1.1% decline that had been seen in ...
- Thursday 14th March - 4:00 am
Digital wallets — such as Apple Pay and Google Pay, which use near-field communication tags, and Amazon Pay and PayPal, which use QR codes — offer shoppers a contactless method ...
- Wednesday 13th March - 2:40 pm
The Consumer Financial Protection Bureau (CFPB) is overstepping its bounds when it comes to regulating digital payments firms — especially larger players — critics charged at a Wednesday (March 13) ...
- Wednesday 13th March - 1:46 pm
Stripe surpassed $1 trillion in total payment volume in 2023.
That milestone marked a 25% increase from the previous year and meant that businesses running on Stripe accounted for about 1% ...
- Wednesday 13th March - 11:56 am
As shoppers continue to manage their budgets amid years of financial challenges, Petco has found itself caught unaware by the extent of pet parents’ pull back, especially since this demographic ...
- Wednesday 13th March - 11:37 am
All the complexity and complications inherent to B2B payments have one, simple solution: going digital.
But despite a sea of change in the payments world, change that is made up of ...
- Wednesday 13th March - 9:15 am
PayPal has appointed former SoFi executive Aaron J. Webster as executive vice president, chief enterprise services officer, effective Monday (March 18).
In his new role, Webster will be responsible for global financial crime and fraud prevention ...
- Tuesday 12th March - 6:36 pm
Not long after touting its brick-and-mortar expansion, footwear brand Allbirds is becoming the latest merchant to shutter stores — a move that comes as consumers’ budgeting behavior amid financial challenges ...
- Tuesday 12th March - 4:31 pm
As ongoing economic challenges have continued to affect consumer behavior, PYMNTS Intelligence finds that deal-seeking behavior has long since become mainstream.
By the Numbers
PYMNTS Intelligence’s study last year, “Consumer Inflation Sentiment ...
- Tuesday 12th March - 2:13 pm
The recent move by Norway to enact rules ensuring consumers’ ability to pay with cash reflects a growing concern over the potential exclusion of certain segments of the population who ...
- Tuesday 12th March - 12:50 pm
Transaction volume on the Electronic Payments Network (EPN), The Clearing House’s private sector ACH network, increased 8% in 2023.
The EPN processed more than 19 billion transactions worth $52.4 trillion during the ...
- Tuesday 12th March - 10:46 am
We may have to wait a bit longer for rate cuts.
And for the U.S. consumer, inflation’s a stubborn fact of life — volatile, to be sure — and it seems ...
- Tuesday 12th March - 4:03 am
The great digital shift of the pandemic has given way to omnichannel commerce, as consumers clamor to do at least some of their shopping on site. PYMNTS Intelligence and Visa ...
- Monday 11th March - 3:15 pm
Web3 payments platform Zeebu said it exceeded $1 billion in first quarter transaction volume.
“In just seven months following the debut of its on-chain settlement platform, Zeebu swiftly advanced from settling nearly 5,000 ...
- Monday 11th March - 2:14 pm
Consumers have a stable short-term inflation outlook but a cautious view for the medium to long term.
While near-term inflation expectations are steady at 3.0%, there’s a slight increase in inflation ...
- Monday 11th March - 4:02 am
It’s said that those who don’t learn from history are doomed to repeat it.
The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March 10, 2023, which seems long ago, ...
- Sunday 10th March - 5:29 pm
The business-to-business (B2B) marketplace has, through the past few years, been getting a digital makeover.
And the emergence of platform models, with payments and financing embedded into the platforms themselves — ...
- Friday 8th March - 5:10 pm
As ongoing economic pressures shrink the middle class, retailers are being challenged to either cut prices and step up their deals and discounts or make a play for high-income consumers.
Indeed, ...
- Friday 8th March - 5:09 pm
Healthcare and government employment led the U.S. economy’s job gains in February.
These sectors led the pack as total nonfarm payroll employment increased by 275,000 in February, topping the average monthly gain of ...
- Friday 8th March - 2:02 pm
The traditional spigots of credit continue to tighten for small businesses.
Blame higher rates, the continued fallout of the Silicon Valley Bank collapse last year, and skittishness on the part of lenders.
The impact ...
- Friday 8th March - 10:56 am
For merchants, reliant upon consumer spending — and credit as a way to enable that spending — the warning signals are flashing.
The Fed’s latest reading on consumer credit, known as ...
- Thursday 7th March - 2:27 pm
PayPal has expanded its Tap to Pay on iPhone offering in the U.S.
The company said in a Thursday (March 7) press release that the service is now available for all U.S. Venmo business ...
- Thursday 7th March - 8:21 am
Elon Musk says X could soon receive money transmitter licenses from New York and California.
The license from California could come in the next month or so, while New York’s approval may be ...
- Thursday 7th March - 4:01 am
The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue.
And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange company Travelex, ...
- Wednesday 6th March - 8:24 pm
The U.S. Census Bureau revised its wholesale inventories estimate for January downward Wednesday (March 6).
Total inventories dipped 0.3% in January compared with December 2023, rather than the drop of 0.1% the agency ...
- Wednesday 6th March - 3:28 pm
Banks provide the foundational infrastructure for financial transactions, offering a network that connects various businesses.
And, as expectations from their daily lives bleed over into their professional ones, business leaders are ...
- Wednesday 6th March - 2:26 pm
DailyPay has joined forces with Visa+ to offer millions of its users a more interoperable and efficient means to manage their earnings.
For DailyPay users, the integration of Visa+ into DailyPay’s ...
- Wednesday 6th March - 12:37 pm
As consumers’ budgetary pressures prompt them to seek lower-priced options, many digital resale platforms are seeing growth, but eCommerce has a long way to go when it comes to driving ...
- Wednesday 6th March - 12:12 pm
Americans who switch jobs are seeing larger raises than workers who stay put.
That’s according to the February edition of ADP’s National Employment Report, which showed 7.6% year-over-year pay gains for people who ...
- Tuesday 5th March - 9:17 pm
As the country’s banking giants expand, some consumers are looking for smaller alternatives.
It’s a trend at the center of a Tuesday (March 5) Wall Street Journal (WSJ) report, which says ...
- Tuesday 5th March - 5:07 pm
Education payments solution provider Transact Campus launched a B2B bulk tuition payments portal.
Transact Sponsor Payments is designed to make it easier for third-party payors to make bulk payments toward student tuition and fees ...
- Tuesday 5th March - 3:11 pm
StackOne has raised $3.6 million in seed funding to grow its embedded integration-platform-as-a-service (IPaaS) offering.
The company will invest in artificial intelligence (AI) to grow this unified application programming interface (API) offering ...