Merchants have gradually transitioned toward payment digitization for several decades, but these efforts have gained momentum in recent years. Companies are rapidly replacing legacy payment systems with more modern alternatives, which has impacted virtually every aspect of the business. For example, businesses are now making...
Robinhood has reached a settlement with state securities regulators regarding operational and technical failures. The $10.2 million settlement includes the platform’s outages in March 2020 and operational deficiencies prior to March 2021, the North American Securities Administrators Association (NASAA) said in the Thursday (April 6)...
Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can do more to reduce those vulnerabilities, the U.S. Department of the Treasury said in a report released Thursday (April 6)....
Tillerman has launched a tool that makes it easier to use point-of-sale (POS) data. Designed for retail brands and wholesalers, the new Tillerman Insight provides an interactive and visual dashboard that facilitates drilling down and gaining insights from the data, the provider of retail technology...
Earnings season’s just about over. But there were a few last reports among our FinTech IPO pantheon right before the next earnings season begins next week. Beginning in mid-April, the big banks will start rolling out their reports on how the first quarter fared —–...
This week in restaurants, major brands step up loyalty rewards, and drone delivery takes off. Fast-casual chain Noodles & Company, for one, which has more than 450 locations, announced Monday (April 3) that it is updating its Noodles Rewards program to make perks available daily to...
After credit and debit, what is the most popular method for paying bills? If you guessed pay by bank transfers, you’d be correct. According to the study “New Payment Options: Building Stronger Customer Ties With Pay By Bank Transfer,” a PYMNTS and Nuvei collaboration, online bank transfers...
PYMNTS research shows tipping might be that one cost too many for restaurant delivery customers. By the Numbers According to data from PYMNTS’ study, “Connected Dining: Rising Costs Push Consumers Toward Pickup,” which drew from a survey of more than 2,100 U.S. consumers in January,...
Discretionary retailers have been among the first segment to suffer as inflation continues to force customers to cut nonessential spending. Once-loyal customers are turning into merchant-agnostic deal-chasers, as 56% of U.S. retail shoppers have switched merchants in the name of cost-cutting, and price influences 67%...
