Payhawk, a global spend management platform, launched a solution that enables businesses to automate their procure-to-pay process. The company’s new Purchase Orders system aims to streamline procurement operations and address the inefficiencies that have plagued the process in the past, Payhawk said in a Tuesday...
The addition of artificial intelligence (AI) is proving to be a holiday miracle for brands, retailers and even payment providers, reshaping the way they connect with consumers. Particularly during the holiday season, in a highly competitive environment where consumers are cautious with their spending and...
The average holiday shopper anticipates spending roughly $860 this year on non-gift holiday purchases such as live entertainment or retail products for personal use — compared to $1,160 in 2022. Meanwhile, spending on gifts will rise modestly and average about $1,000. Personal finance considerations significantly...
During the early 2000s, True Religion earned praise for its distinctive designs, top-notch craftsmanship, and inventive denim strategies. However, its ascent was matched by a swift decline, culminating in its bankruptcy in 2017. “After a careful review, we are taking an important step to reduce...
FinTechs have emerged as disruptors in the financial industry, offering consumers a wide range of services. However, a recent report titled “The Issuers Report 2023: FinTechs’ Instant Payments Mismatch” reveals a discrepancy between what FinTechs believe consumers want and what consumers actually prioritize. The report,...
How do you safely apply a technology that draws from everything and can generate anything? That is the question companies and industries around the world are facing when integrating generative artificial intelligence (AI) tools into their workflows and processes. “On a macro level, I think...
The latest business-to-business (B2B) payments innovations are turning personalization into the gold standard of payment evolution. That’s what PYMNTS learned from some of the payments industry executives we spoke to for a new series, “B2B Payments: Outlook 2024.” Call it the commercial currency of convenience. ...
The Consumer Financial Protection Bureau (CFPB), in collaboration with 11 states, has announced an enforcement action against Prehired, a Delaware-based company that has filed for bankruptcy and ceased operations. The CFPB alleges that Prehired engaged in deceptive practices, including making false promises of job placement, offering illegal income share...
Kohl’s President and Chief Operating Officer Dave Alves has left the company, after about seven months in those roles. “On November 17, 2023, Kohl’s Corporation (the “Company”) announced that Dave Alves, the Company’s President and Chief Operating Officer, will be departing the company effective November 17, 2023,” the...
