When it comes to the share of online retail spend, there’s only one champion. Per the retailers’ recent earnings, Amazon far outpaces Walmart in eCommerce sales. PYMNTS’ proprietary research, created by combining data gathered from Amazon and Walmart earnings reports and U.S. Census Bureau numbers,...
Business has a way of creating an alphabet soup of abbreviations and marketing names for financial products, and that’s certainly the case with account-to-account, or A2A, transfers. It’s helpful to simplify, especially when new uses are found for legacy payment methods that are in wide...
Companies have had to ensure the validity of customers interacting with them — while also providing a frictionless experience — since the very dawn of commerce. Entersekt CPO Pradheep Sampath and Susan Koski, CISO at PNC, told PYMNTS that goal’s been made even harder with...
The digital age has brought with it a new, sophisticated twist to traditional fraud threats. But while the threat of cybercrime is constantly evolving, as bad actors and cybercriminals leverage the same bleeding-edge tools that organizations have at their disposal, it’s important for firms to...
Lawmakers are demanding greater clarity on FinCEN’s forthcoming beneficial ownership reporting requirements. In a Wednesday (June 7) letter to Financial Crimes Enforcement Network (FinCEN) Acting Director Himamauli Das and U.S. Treasury Secretary Janet Yellen, several House members, including House Financial Services Committee Chairman Patrick McHenry, R-N.C., expressed concern that with only six months until the effective date...
Openforce and Ryder have teamed up to offer commercial vehicle rentals to independent contractors. With this collaboration, independent contractors using the Openforce platform will be able to rent sprinter vans and box trucks from Ryder at exclusive discounted rates, the companies said in a Thursday (June 8) press release....
American Express and Plaid have partnered to make it easier for customers to use FinTech apps. With their new customer-permissioned data sharing agreement, which is to launch this year, American Express customers will be able to connect to any of more than 8,000 apps and services powered by...
Bank impersonation is the most-reported form of text message scam. This form of scam — which begins with a text message that is a fake bank security message — accounted for 10% of all text message scams reported in 2022 and has become 20 times...
DoorDash, in its ongoing effort to find and create new occasions for on-demand delivery, is increasing its gifting options. The aggregator announced Thursday (June 8) a partnership with Edible, the company known for its giftable arrangements of fruits and sweets, to offer on-demand delivery from nearly 1,000 of...
