News

Investments
Samsung Invests in Skipify’s Digital Wallet Expansion
October 19, 2023

Frictionless commerce company Skipify says it has landed new funding from Samsung’s investment group. The company says the investment by Samsung Next, announced Thursday (Oct. 19), will let Skipify accelerate the development of its digital wallet. “We invested in Skipify because of the potential this seamless and native checkout experience could bring...

Investments
Blockchain, Smart Contracts and DeFi Help Modernize B2B Transactions, Interactions
October 19, 2023

Web3 has a branding problem. Far from being simply synonymous with crypto, decentralized finance and blockchain will do much to transform industries that have been mired in paper, in invoices, fragmented and friction-filled when it comes to payments. And, as Austin Noronha, managing director of...

Retail
Macy’s and Claire’s Invest in Turning Virtual Experiences Into Real-World Gains
October 19, 2023

Brands are realizing the significance of crafting captivating digital experiences to engage their customers. The need is self-evident, requiring little persuasion for brands to invest. However, as brands embrace this trend, a new challenge comes into focus — the task of connecting these digital experiences...

Loyalty & Rewards
Nearly Half of Consumers With Kids Would Switch to Merchants With Card-Linked Offers
October 19, 2023

Loyalty or rewards programs play a role in consumer shopping habits. Sixty-five percent of credit or debit card users prefer to shop with brands or merchants where they are members of loyalty or rewards programs. This is one of the findings in the PYMNTS Intelligence...

Payment Methods
Ubiquity Drives Consumer Demand for Credit Card Installment Plans
October 19, 2023

Getting what we want — now — but paying later for it is top of consumers’ minds. Nandan Sheth, CEO at Splitit, told Karen Webster that the ubiquity of debit and credit cards provides a natural conduit toward embracing installment plans tied to everyday purchases,...

Social Commerce
YouTube Unveils Features to Boost Creators’ Shopping Revenue
October 18, 2023

In an effort to empower content creators and maximize revenue potential, YouTube has unveiled features that simplify the marketing and sale of products within videos. These additions aim to enhance the shopping experience for viewers while providing creators with additional opportunities to monetize their content, according...

eCommerce
BNP Paribas and 321founded Launch Payment Management Tool Panto
October 18, 2023

French banking group BNP Paribas has created a FinTech aimed at European eCommerce players. Dubbed “Panto” and launching with the help of 321founded, the offering gives marketplaces “a dedicated payment management solution that guarantees smooth and secure transactions,” the companies said in a news release provided to PYMNTS...

Retail
Venmo and InComm Team to Offer Digital Gift Cards
October 18, 2023

Payments firm InComm has teamed with Venmo to enhance that company’s digital gift card offering. According to a Wednesday (Oct. 18) news release, the new feature offers eligible Venmo customers personalized ways to mark gifting occasions with popular gift card brands directly via the app. “For several years running, our...

Digital Banking
Revolut Tops PYMNTS Provider Ranking of Digital Banking
October 18, 2023

Many apps slipped in PYMNTS’ Provider Ranking of Digital Banking this month. Revolut secured the top spot, beating Chime down a few rankings. Let’s get into the scores. The Top 5 Revolut won this month’s top spot at No. 1 with a perfect score of...