News

Security & Fraud
American Express and Plaid Streamline Onboarding for FinTech Apps
June 08, 2023

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...

Security & Fraud
FTC: Bank Impersonation Text Message Scams 20X More Common Since 2019
June 08, 2023

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...

Delivery
DoorDash and Edible Team to Capture Consumers’ Gift Spending
June 08, 2023

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...

eCommerce
One in Three Consumers Expects to Step up eGrocery Use
June 08, 2023

Online grocery adoption may have a long way to go, but many consumers are ready to up their digital engagement, according to PYMNTS research. By the Numbers Research from “Tracking the Digital Payments Takeover: Catching the Coming eCommerce Wave,” created in collaboration with Amazon Web...

IPO
FX Company CAB Payments Plans to Go Public
June 08, 2023

CAB Payments Holdings plans to go public via an initial public offering (IPO) in London. The U.K. FinTech, which specializes in payments services and foreign exchange (FX), announced its objective to float on the London Stock Exchange Thursday (June 8). “Our intention to list on the London Stock...

IPO
GCash Parent CEO Says Firm Is ‘Ripe’ to Go Public
June 08, 2023

Philippines-based mobile wallet provider GCash is reportedly ready to go public. “We’re pretty much ripe for it,” Ernest Cu, president and CEO of GCash parent Globe Telecom, said in an interview with Bloomberg Television Thursday (June 8), referring to the company’s plan for an initial...

B2B Payments
B2B BNPL Provider Hokodo Acquires European Payments License
June 08, 2023

B2B buy now, pay later (BNPL) provider Hokodo has acquired a European payments license. With the new payments license, the firm can offer a broader suite of payment solutions, providing benefits to both suppliers and buyers, Hokodo said in a Thursday (June 8) press release....

B2B Payments
DOZR Adds Order Tracker to Heavy Equipment Rental Marketplace
June 08, 2023

DOZR has added an order tracker to its online marketplace for heavy equipment rentals. The new feature allows contractors to track the progress of their order from start to finish, DOZR said in a Thursday (June 8) press release. “We want each person who uses...

Retail
Millennial Student Loan Repayments Threaten Amazon, Walmart’s Bottom Line 
June 08, 2023

Millennials with student loans to lose 6.5% of spending power as repayments resume. That’s the headline PYMNTS reported this week and it’s a headline that’s going to be detrimental to the retail landscape.  The development has raised concerns about the negative impact on the retail...