News

Retail
Macy’s, Nordstrom Eye Private Ownership While Adapting to Retail Market
March 20, 2024

The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy’s consider a shift toward private-equity or hedge-fund ownership. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital Banking
Money Mobility and Embedded Payments Recast the Concept of Banking
March 20, 2024

Ingo Payments CEO Drew Edwards told PYMNTS’ Karen Webster that the very definition of what a bank is — what it does and what it can do — is changing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Payment Methods
Embedded Solutions Spur Demand for Card-Based Installments
March 20, 2024

Colin Mellon, chief commercial officer at Splitit, told PYMNTS that installment plans, when linked to traditional card-based payments, can offer benefits throughout the commerce ecosystem. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
Fighting Fraud With AI: Part Man, Part Machine, All Cop
March 20, 2024

In financial services, technological advances open new doors and new avenues for fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Loyalty & Rewards
Marketplaces Focus on Loyalty Programs for Media and Telecom Sectors
March 20, 2024

Media and telecom organizations are working with payment facilitators (PayFacs), independent software vendors (ISVs) or marketplaces to make embedded finance part of their business models. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Payment Networks and Providers Leverage Data, AI in Battle vs First-Party Fraud 
March 19, 2024

First-party fraud is, increasingly, warranting a first line of defense from the payments networks, using data and AI to uncover what’s really going on with transactions and whether consumers are initiating fraudulent disputes. Get the Full Story Complete the form to unlock this article and...

Regulation
M1 Finance FinRA Fine Highlights Regulators’ Move to Tighten Grip on ‘Finfluencers’
March 19, 2024

Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice through these channels.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
CFPB Head Puts Those Who Intend to ‘Weaponize’ Open Banking on Notice
March 19, 2024

The U.S.’s top consumer protection watchdog is on the lookout for financial services industry players hoping to game open banking for their own benefit.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Receipt Data May Be Key to More Efficient Customer Experiences
March 19, 2024

Businesses looking to keep consumers coming back by offering the most efficient customer experience may want to look to receipt data, at least if financial institutions and FinTechs have anything to say about it. Get the Full Story Complete the form to unlock this article...