The holiday shopping headwinds are completely different this year than last, but PYMNTS research suggests the impact on consumers’ buying habits could mirror those reported in 2021. This, at a time when the one-day windfall that used to be reserved for “Black Friday” sales the...
Saying that only 1.3% of the total venture capital dollars that were invested in the United States in 2021 went to a startup with a Black founder, Macy’s has partnered with Momentus Capital on a program designed to increase investment in diverse-owned and underrepresented businesses....
Airbnb has announced that it will start enabling customers to choose to see the total price of rentals — including all fees before taxes — in search results and on the map, filter and listing page. The company will also prioritize total price rather than...
Friday’s rally, where the broader indices were up more than 1.1%, was not enough to salvage a rocky week, as earnings continue to dominate. And within the Connected Economy’s pantheon, there was little investor cheer to be seen; almost all CE100 segments were lower —...
As the focus on improving commercial payment flows in healthcare intensifies, virtual cards are increasingly being tasked with taking up the slack while being pitted against the sector’s predominant payment method: paper checks. While there are numerous reasons for making this switch, Stephen Masko, vice...
Faster B2B payments, back-office automation and alternative payments are all advancing rapidly, but these advances are creating new opportunities for fraudsters, so expect the innovation war between legitimate businesses and bad actors to heat up, not cool off. Taking the long view on fraud for...
One week after raising $120 million, Indian B2B eCommerce firm Udaan is laying off at least 350 workers in a bid to reach profitability and boost efficiency. According to multiple published reports this weekend (Nov. 5-6), the layoffs will affect between 350 and 1,000 employees...
The Consumer Financial Protection Bureau (CFPB) wants Wells Fargo to pay more than $1 billion for alleged mistreatment of customers, a settlement that would surpass the agency’s record … last set by Wells Fargo. That’s according to a Friday (Nov. 4) report from Bloomberg News,...
We’ve got more ways to communicate than ever, and when people get chatty, talk often turns to stuff we want to buy. In some cases, that translates into stuff we want but don’t want to pay for. In the grand and sometimes murky convergence of digital...
