News

Retail
From Heineken’s Dumb Phone to T-Pain, ’00s Make a Comeback
April 20, 2024

From the rise of social networking to a more fractured media landscape to the integration of artificial intelligence (AI) into daily life, the world looks very different now than it did in the ’00s, and brands are seizing on the opportunity to harken back to...

Security & Fraud
Senators Press Banks for Better Defenses Against Wire Fraud
April 19, 2024

The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the scams have had on consumers. On Thursday (April 18), in a letter to the CEOs of JPMorgan Chase, Bank of America, Wells Fargo and Citi, Sens. Sherrod Brown,...

Payment Methods
Convenience Drives Non-Cash Users to Pay With Card
April 19, 2024

For consumers no longer carrying wallets full of cash, ease and convenience are top of mind, PYMNTS Intelligence reveals. By the Numbers The June 2023 PYMNTS Intelligence study “Consumer Inflation Sentiment Report: Consumers, Cash and the Inflationary Economy” drew from a survey of more than 2,100 U.S....

B2B Payments
This Week in B2B: Lending Innovations, AI and Digital Payments 
April 19, 2024

The B2B landscape is on the cusp of the next era in payments innovation.  As PYMNTS readers already know, this new and exciting era is being driven by an ongoing digital transformation of historical processes and an electronic streamlining of traditional workflow hiccups.  In order...

IPO
Report: ShipBob Planning to Launch IPO With $4 Billion Valuation
April 19, 2024

ShipBob is reportedly planning to launch its initial public offering (IPO) as soon as late 2024. The listing could value the eCommerce fulfillment service provider at about $4 billion, Bloomberg reported Friday (April 19), citing unnamed sources. The firm has tapped J.P. Morgan Chase to...

Retail
Shoppers May Ditch Preferred Merchants if Credit Card Surcharges Expand
April 19, 2024

With consumers struggling under ongoing financial challenges, many may find credit card surcharges to be the proverbial straw that breaks the camel’s back, leading them to be less loyal to favorite merchants. In PYMNTS’ Q1 eBook, “The Implications of Uncertainty,” which draws on advice and observations...

Retail
Brazil’s Click-and-Mortar™ Shoppers Underpin Pix and Instant Payments Growth
April 19, 2024

The rise of the Click-and-Mortar™ shopper in Brazil may give some tailwind to the use of Pix, the instant payment system that became operational in the country in late 2020. The data tell the story as to the platform’s use: As detailed by Brazil’s central...

Retail
Amazon-Walmart Rivalry for Consumer Retail Spend Turned in 2022
April 19, 2024

PYMNTS Intelligence has closely watched the two leading U.S. retail giants — Amazon and Walmart — duke it out since 2019, sharing our findings in regularly released reports. As our most recent edition of Whole Paycheck Report, “New Consumer Spend Data Finds Amazon Way Ahead...

Security & Fraud
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of professional duties. The regulator, Apas, said this in a review that was published Friday (April 19) and ended a multiyear...