Norton Healthcare, a non-profit healthcare system based in Kentucky, has confirmed that it experienced a data breach earlier this year. Hackers gained unauthorized access to the personal data of millions of patients and employees during a ransomware attack in May, TechCrunch reported Monday (Dec. 11), citing Norton’s...
The National Retail Federation (NRF) says the holiday shopping season got off to a strong start. The federation’s Retail Monitor, produced in tandem in CNBC and released Monday (Dec. 11), showed retail sales making strong gains, the organization said in a news release. “November Retail Monitor data...
Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now “seamlessly pay workers, contractors, partners, and suppliers via HitPay,” the company said on its blog Monday (Dec. 11). In addition,...
If you read the Y2K piece on PYMNTS late last month, you’d be aware that millennials are facing unique challenges in meeting their financial needs. Based on research from PYMNTS Intelligence in collaboration with LendingClub, as of September 2023, 62% of millennials in the United States are managing...
Generative AI significantly enhances customer engagement in retail by personalizing experiences. As a result, retailers now harness AI to tailor product recommendations and marketing campaigns, aligning closely with individual consumer preferences. However, this raises critical concerns about consumer privacy and the ethical use of customer...
Payments FinTech SumUp has raised $307 million to expand its footprint and develop new services. The British company, whose products include point-of-sale card readers, announced the funding Monday (Dec. 11), noting that it follows a year in which it has operated on a positive EBITDA...
In the age of digital supremacy, Generation Z has positioned itself as the vanguard of a fresh wave of consumer habits. Growing up amid smartphones, social media, and immediate connectivity, Gen Z isn’t merely digitally adept — they’re consummate shoppers. This technologically savvy cohort isn’t...
Blake Whitson, vice president, payments and global customer support at Brainly, and Andy McHale, senior director, product and market strategy at Spreedly, told PYMNTS that payments orchestration can make all the difference in the world of eCommerce, in pursuit of scale and boosting authorization rates....
A group of investors reportedly wants to make department store chain Macy’s a private company. Real estate investment firm Arkhouse Management and Brigade Capital Management, a global asset manager, made a $5.8 billion bid for shares of the company they don’t own, The Wall Street...
