Consumers are willing to spend an arm and a leg on their weddings — possibly more than once, according to David’s Bridal. In an interview with PYMNTS alongside the Wednesday (May 1) announcement of the retailer’s National Vow Renewal Month celebration, Kelly Cook, president of brand, technology and finance...
Cross-border payments circa May 2024 have become a highly specialized sector of the payments industry. Look at the activity in this space, even year-to-date, and you’ll see companies like the Solana Foundation advancing real-world assets on cross-border blockchains. You’ll see Swift continuing to accelerate the usage of the ISO 20022 messaging format. And...
Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries. “Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web page said. “Fitbit Pay will no longer be available starting July 29, 2024.” There is an exception to that in...
Accounting software firm Digits has launched AI Bill Pay, an artificial intelligence (AI) accounting platform. Calling it the world’s first bill pay product to fully understand invoice document structure, the company said in a Tuesday (April 30) news release that the software uses layout-aware language models to enable business...
TikTok saw its U.S. eCommerce merchant base more than double at the end of 2023. The social media platform says TikTok Shop had more than 500,000 merchants selling to American users at the close of last year, according to a Tuesday (April 30) report by Bloomberg News, citing...
In a bid to safeguard the nation’s vital infrastructure, the federal government is now offering a playbook to help companies navigate the treacherous landscape of cybersecurity, including the brewing dangers lurking in artificial intelligence. The recommendations, issued by the Cybersecurity and Infrastructure Security Agency, highlight the need for...
Typically, consumers’ preferred purchasing channel remains the physical store, but when it comes to buying electronics, shoppers turn to third-party marketplaces for affordability and convenience. By the Numbers The new PYMNTS Intelligence report “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces” drew from...
The more complex a pricing structure, the more likely consumers are to pay more for products like credit cards, bank accounts, mortgages and auto loans. So said the Consumer Financial Protection Bureau (CFPB) in a Tuesday (April 30) press release announcing results from its new...
Sam’s Club said its artificial intelligence (AI)-powered exit scanners are now in 120 stores. The technology, first announced in January, eliminates the practice of having customers wait in line as they exit the bulk retailer to have their receipts checked by employees. “Sam’s Club’s rapid deployment of its exit...
