As more transactions move online, banks are girding for, and doing battle against, a rising tide of fraud. As noted in the report “The State of Fraud and Financial Crime in the U.S.,” a PYMNTS and Featurespace collaboration, 200 executives working at financial institutions (FIs)...
Artificial intelligence (AI) applications have the potential to revolutionize both higher-order tasks and daily touchpoints to a degree on par with the invention of the internet or the mass production of cars. But while the generative AI solutions of today can take end-user experiences to...
Online grocery marketplace Instacart is reportedly gearing up for an initial public offering (IPO) as early as September. The firm is anticipated to make its IPO plans public by filing with the US Securities and Exchange Commission (SEC) in the coming week, Bloomberg reported Friday (Aug. 18), citing unnamed...
The jousting between Amazon and Walmart for eyeballs browsing market places, and share of digital wallet for consumer spending, is finding an evolving battleground in India. Recent comments on earnings calls and announcements from the two commerce behemoths point directly towards the appeal of this...
As inflation exerts its influence on consumer purchasing decisions, off-price retailers are benefiting. Among the off-price retailers, TJX Companies has recently reported benefiting from the patronage of Gen Z consumers, a demographic known for their budget-conscious shopping. Now, another retailer, Ross Stores, has emerged as...
Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. A surge in legitimate remittances from migrant workers has inadvertently made it easier for drug cartels to hide their profits by sending small transfers from the United States to individuals across Mexico...
Payments innovation and digital-first shopping in India is a success story 15 years in the making. Its success can serve as a global playbook for creating an inclusive payments, commerce and financial services culture using mobile technology. The demonetization of cash began in 2016 and...
The eagerly anticipated earnings release for Walmart beat analyst predictions, showing how efforts by the Bentonville-based retailer to increase market share and grow its customer base may be paying off. Per the company’s earnings release, Walmart U.S. comp sales rose 6.4% quarterly, led by a...
The FinTech IPO Index slid 2.8%, as earnings continued to come in, particularly from companies based overseas. Katapult shares led to the downside through the past five sessions, with shares down 23% during that time. The company said in its most recent earnings announcement earlier in...
