News

Regulation
CFPB Fines Bank of America $250 Million Over Junk Fees
July 11, 2023

The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $250 million in penalties and restitution to customers. 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...

Retail
Checkout.com Introduces AI-Powered Video ID Verification Tool
July 11, 2023

Checkout.com says it is using artificial intelligence to onboard customers in under two minutes. 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....

Retail
Brands Realize They Can’t Go It Alone, Overhaul D2C Focus 
July 11, 2023

The direct-to-consumer (D2C) playbook really had a moment. It even had staying power through the pandemic as it provided brands with a way to reach consumers directly, bypassing traditional distribution channels and establishing a closer connection with their audience. D2C strategies enabled companies to control...

Retail
Is Resale Losing Its Appeal as Consumers Cut Back on Spending? 
July 11, 2023

Despite being in operation for 12 years, The RealReal has yet to achieve profitability. However, other brands and retailers have observed the popularity of resale and are embracing it. This leads to the question of whether the efforts put into resale initiatives are truly worthwhile.  ...

Payment Methods
Flutterwave Launches Tuition to Pay School Fees in Local Currencies
July 11, 2023

Flutterwave has launched a product to help African students pay school fees when studying abroad and at home. 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...

Regulation
EU and US Reach Much-Anticipated Data-Sharing Accord
July 11, 2023

In a victory for companies like Google and Meta, Europe and the U.S. have reached a data-sharing agreement. 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...

B2B Payments
Company Data Silos Hinder Spend Management Success
July 11, 2023

There exists one golden rule of business operations: Any process can be streamlined. 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....

Retail
Software-as-a-Service Will Simplify Move to Self-Service Checkout, Says LS Retail
July 11, 2023

When consumers are shopping in stores in the post-pandemic age, they seek new checkout experiences that offer the same benefits they’ve grown accustomed to online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
July 11, 2023

Jennifer Huddleston, technology policy research fellow at the Cato Institute, told PYMNTS that regulators must take a careful approach as they examine artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...