News

Mobile Commerce
Millennials Willing to Pay For Smart, Conversational Voice Assistant
April 25, 2023

Consumers want to make their daily routines simple and more connected, and hands-free voice-activated technologies can fit the bill. Consumers already use voice assistants to find information, play music or find and book airline tickets, among many other possibilities. Consumers performed an average of six tasks...

Payment Methods
Instant Pay May Aid Nursing Recruitment During Shortage
April 24, 2023

Hospitals and other healthcare-related facilities are turning to gig economy apps to fill gaps in their nursing staff. This employment crunch began in 2020 and 2021 as a direct result of pandemic-related pressures but has continued into 2023. The shortage amounts to the largest drop in nursing employment in...

Banking
First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
April 24, 2023

First Republic Bank expects to reduce its workforce by as much as 25% in the second quarter. In its first earnings report since experiencing a bank run and getting support from 11 banks in the form of $30 billion in deposits, the bank said in...

Wearables
Oura Begins Offering Wellness-Oriented Wearable Technology at Best Buy
April 24, 2023

Oura’s wellness-oriented smart ring is becoming available at Best Buy. The Oura Ring — wearable technology that provides health data, insights and guidance — began its rollout to Best Buy brick-and-mortar stores Monday (April 24) and is also available on the retailer’s website, the companies...

Blockchain / Distributed Ledger
Tokenized Deposits Gain Currency Around the Globe
April 24, 2023

In the debate over stablecoins vs. cryptocurrencies, it may be tokenized deposits that wind up gaining ground. Tokenized deposits are tied to existing bank deposits; the digital representations of existing bank liabilities are held by licensed depository institutions and are recorded on distributed ledgers. But...

Security & Fraud
Frank Founder Charlie Javice’s Attorneys Say US Has Seized Her Assets
April 24, 2023

Frank founder Charlie Javice’s attorneys said she can’t hide assets because they’ve been seized. The attorneys said this in a Friday (April 21) court filing in response to JPMorgan Chase’s (JPMC’s) request that they be allowed to question Javice under oath about transfers of millions...

Payment Methods
Maast Introduces Embedded Finance Solutions for Software Providers and Vendors
April 24, 2023

Maast has introduced embedded finance solutions for software providers and independent software vendors (ISVs). The new solutions, which are slated for general availability this summer, will enable firms to incorporate payment acceptance, banking solutions and other features into their platform, under their brand, Maast said...

Delivery
Delivery Services Leverage Discounts and Subscriptions to Retain Price-Sensitive Customers
April 24, 2023

As aggregators look to maintain customer frequency amid inflation, affordability is key. In fact, many consumers are engaging with restaurant delivery services more specifically because these options have become more attainable within their budgets, according to research from PYMNTS’ new exclusive report “Connected Dining: Third-Party...

Investments
Token Raises $30 Million for Biometric Wearable
April 24, 2023

Token has raised $30 million in new financing to boost its wearable authentication offering. The funding, announced Monday (April 24), comes in the form of a $20 million secured note, and a $10 million convertible note from Grand Oaks Capital. According to a news release,...