News

Payment Methods
Spreedly CEO Says 2024 May Be the Year of the Micro-Wallet
October 25, 2023

In payments, Spreedly CEO Justin Benson told Karen Webster in a recent interview that 2023 “has been the year of retrenchment.” The time is right, he said, to take stock of corporate strategies and product and service innovations. As interest rates have soared, as early-stage-funding has dried up,...

Security & Fraud
What’s Next in Payments Security: White Hats vs Black Hats, With AI as a Weapon
October 25, 2023

Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by fraudsters — and a tool necessary to beat them too. “In the payments security space, just as in the consumer...

B2B Payments
Moving B2B Payments’ Last Mile Into the Express Lane
October 25, 2023

The “last mile” holds the key to a frictionless B2B payments future. Over the last decade, the impact of digital capabilities and innovative new ecosystems has taken the payments industry by storm and rained new efficiencies and growth vectors down across the landscape. But these...

Loyalty & Rewards
More Than Half of Co-Branded Card Holders Want Better Offers
October 25, 2023

Customer engagement is key to staying ahead of the pack in a highly competitive market, so numerous merchants and brands offer loyalty and rewards programs, many tied to store or co-branded credit cards. Although these offerings are enough to entice consumers to register, they are...

Artificial Intelligence
Merchants Turn to AI Key to Improve Customer Retention
October 25, 2023

Artificial intelligence (AI) has left the pages of science fiction behind and entered the workforce.  And its latest evolution, generative AI, is already having an exciting impact on payments, helping to make transactions more efficient, secure and customer friendly.  “From a consumer perspective, I think...

Payments Innovation
Generation Z Will Help Shape Payments Innovations for Years to Come 
October 25, 2023

Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics. Among the overarching trends dominating the last year of payments innovations — and the innovations that will be hallmarks of 2024 — are generational ones,...

Retail
Gen Z’s Shower Routine Obsession Boosts L’Occitane’s Sol de Janeiro 
October 24, 2023

What’s in your “everything shower” routine?    For those who aren’t in the know, on TikTok, content creators are describing it as a multistep shower experience each week. In their videos, they describe their routines with various products, such as exfoliators, hair masks, shampoos, conditioners,...

Cross-border Payments
ACE and dLocal Team to Improve Remittances in APAC and EMEA
October 24, 2023

Payments service provider dLocal has launched a partnership with British remittances firm ACE Money Transfer. The companies say their collaboration, announced in a news release Tuesday (Oct. 24), is designed to improve payout services across the Asia-Pacific (APAC) region and Europe, the Middle East and Africa (EMEA). According to...

Faster Payments
The Convenience of Instant Tips Keeps Restaurant Employees Happy
October 24, 2023

As restaurants look for ways to retain their employees, the convenience of instant tip payouts can go a long way toward driving hospitality worker satisfaction. By the Numbers The study “Generation Instant: Hospitality and Tips,” a PYMNTS Intelligence and Ingo Money collaboration, drew from a...