News

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...

Retail
Is In-Store a Breeding Ground for Impulse Buying? 
June 08, 2023

While the return to in-store experiences always seems to be in flux these days, the value the store brings to the customer remains a question. Is the ability to get a consumer into your store mean you have a customer who has intent? Going further,...

Retail
Worldline and BigCommerce Team to Prevent Cart Abandonment
June 08, 2023

Payments services company Worldline has teamed with BigCommerce to tackle the problem of cart abandonment. “Every online shopper has a favourite way to pay, whether that’s using a local bank transfer method, a credit card, or a buy now, pay later option,” Björn Hoffmeyer, Worldline’s...

eCommerce
Report: TikTok Plans to Quadruple Its eCommerce Network
June 08, 2023

TikTok is reportedly looking to Southeast Asia to massively expand its eCommerce business. The Chinese social media platform aims to grow its eCommerce sales from $4.4 billion in gross merchandise value to $20 billion, Bloomberg News reported Wednesday (June 7), citing sources familiar with the...

Regulation
Credit Card Competition Act Puts Merchants, Not Consumers, in Charge of Card Rewards and Payments...
June 07, 2023

If at first you don’t succeed, try, try again. That seems to be the prevailing sentiment Wednesday (June 7) when it was announced that the Credit Card Competition Act legislation is being reintroduced on Capitol Hill.   This time around, there will be more sponsors across the...

B2B Payments
Zaggle Launches ‘DIY’ Employee Expense Automation Platform for Growing Businesses
June 07, 2023

Indian B2B FinTech Zaggle has launched an employee expense automation platform designed for growing businesses. The new XPNS platform is designed to be a “do-it-yourself” solution that helps businesses transition from manual to automated expense processes within 30 minutes, Zaggle said in a Tuesday (June 6) press release. “There is a...

Retail
Online Grocery Customers Spend 32% More Per Purchase Than In-Store
June 07, 2023

Online grocery may only account for a small fraction of total grocery purchases, but those who have adopted digital channels represent grocers’ biggest spenders. By the Numbers According to data from PYMNTS’ study “Tracking the Digital Payments Takeover: Catching the Coming eCommerce Wave,” created in...

Regulation
FTC Highlights Enforcement Actions Related to Financial Abuses
June 07, 2023

The Federal Trade Commission (FTC) undertook enforcement actions around automobile purchasing and financing, payday lending, and credit repair and debt relief in 2022. The agency highlighted some of these actions in its annual report to the Consumer Financial Protection Bureau (CFPB) that details its activities regarding financial acts, the FTC...