Hackers have reportedly stolen data from several users of file transfer tool MOVEit Transfer. That’s according to a Friday (June 2) report by Reuters, citing a disclosure from software maker Progress Software, which earlier in the week had revealed the vulnerability that it said could lead to potential...
House Republicans have unveiled legislation they say fills in gaps in the country’s cryptocurrency regulations. The draft proposal, authored by Reps. Patrick McHenry of North Carolina and Glenn Thompson of Pennsylvania, gives the Commodity Futures Trading Commission (CFTC) explicit spot market authority over crypto commodities under...
As older consumers look for ways to reduce their grocery spending in the face of elevated food inflation, most young shoppers continue to splurge on the extra items they want, PYMNTS research reveals. By the Numbers Data from the latest installment of PYMNTS’ Consumer Inflation...
If you can sell your clothes, why can’t you also rent out your clothes? By Rotation, a U.K.-based app, is looking embrace the mindset of consumers who sell their belongings on third-party marketplaces like Poshmark and The RealReal — but apply it to a rental...
For banks — and specifically for their consumers: No deposit, no return? The bedrocks of finance — the commercial banks — are seeing at least some turbulence as customers draw down on deposits. And to keep customers in place, and the funds in place, there...
J.P. Morgan Chase is reportedly resolving some duplicate transactions experienced by its customers who used Zelle. The bank has apologized to customers, is working to resolve the issue, and will fix any double payments and related fees, The Wall Street Journal (WSJ) reported Friday (June 2). Reached for comment...
Forced to choose between protecting their margins and losing more share to discount retailers, grocery chains worldwide are slashing prices to remain competitive. In the United States, for instance, supermarket chain Aldi recently announced that it is reducing the prices of more than 250 products. “We don’t...
Pay by bank transfer is an increasingly popular payment method for consumers, yet it also carries security concerns as it involves sharing banking details. We explore this and related issues in “New Payment Options: Building Stronger Customer Ties With Pay by Bank Transfer,” a PYMNTS...
Buybuy Baby, the baby gear retailer owned by Bed Bath & Beyond, has caught the attention of at least two bidders as its parent company works to auction off its assets. CNBC reported Friday (June 2) that investment firm Ankura Capital Advisors is advising an...