Payments platform Checkout.com has reportedly reduced its internal tax valuation to around $11 billion. The reduction at the London-based company, as reported by the Financial Times Tuesday (Dec. 13), comes as a number of high-value publicly owned and private startups are seeing their valuations drop...
More shoppers are turning to financing alternatives to make the holidays merry and bright. This includes one-third of Black Friday shoppers, who funded their purchases with credit cards, loans and other alternatives, including buy now, pay later (BNPL). Retailers may consider this an opportunity to...
Two-thirds of American shoppers say they’re spending less on their wants than last year. Inflation is dampening holiday shopping budgets, both worldwide and across the United States. As the domestic cost of goods and services in October hovered at 7.7% higher than last year, many...
A trucking company is saving tens of thousands of dollars a month after modernizing payments. Travis Trucking attributes the savings to the faster turnaround times on docks and guaranteed reimbursements enabled by automating its over-the-road payments, FinTech company Relay Payments said in a Wednesday (Dec....
To flip the Adidas tagline, nothing is impossible when you have great digital payment options. Speaking with PYMNTS as part of the ACI Merchant Series, Marko Ivanovic, director of digital payments at Adidas, said as much, as he enumerated the ways this iconic global footwear...
Thursday marks a red letter day in annals of fraud — the type that destroys companies and careers. No, not that crypto exchange. You might be forgiven for automatically defaulting in your mind’s eye to FTX, which continues to dominate headlines as the spectacular crypto...
Being underbanked or unbanked is a significant disadvantage in modern society, as this locks households out of personal loans, direct deposits, many types of credit payments and a host of other functionalities that much of the world takes for granted. There are 1.7 billion unbanked...
Italy could give merchants permission to decline digital payments on transactions under 60 euros. New prime minister Giorgia Meloni has proposed that change in her draft budget for next year, as well as plans to increase the limit for legal cash transactions from 1,000 euros...
Individuals with mobile phones outnumber those with bank accounts in the most underbanked regions of the world, offering the telecom industry a prime opportunity to fulfill a vital role. In this month’s "Telecommunications Payments Tracker®," four telecom providers tell PYMNTS how the industry is ideally...