News

Online Grocery Customers Spend 32% More Per Purchase Than In-Store
Retail
Online Grocery Customers Spend 32% More Per Purchase Than In-Store
June 07, 2023

Online grocery may only account for a small fraction of total grocery purchases, but those who have adopted digital channels represent grocers’ biggest spenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

FTC Highlights Enforcement Actions Related to Financial Abuses
Regulation
FTC Highlights Enforcement Actions Related to Financial Abuses
June 07, 2023

The Federal Trade Commission (FTC) undertook enforcement actions around automobile purchasing and financing, payday lending, and credit repair and debt relief in 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
Regulation
UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
June 07, 2023

Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. 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...

Casey’s Upgrades Rewards as C-Stores Renew Digital Focus
Retail
Casey’s Upgrades Rewards as C-Stores Renew Digital Focus
June 07, 2023

Casey’s is prioritizing rewards program usage as leading convenience store chains look to drive digital adoption, even as the industry overall lags behind other retail categories’ tech efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

ForwardAI Launches B2B Platform that Enables Real-Time Payments
B2B Payments
ForwardAI Launches B2B Platform that Enables Real-Time Payments
June 07, 2023

ForwardAI has launched a B2B payments platform that enables real-time payments. 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. By completing this...

Payrails on Track to Expand After Raising $14.4 Million
Investments
Payrails on Track to Expand After Raising $14.4 Million
June 07, 2023

Germany’s Payrails has raised $14.4 million to help businesses streamline payment reconciliations and refunds. 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...

SVB UK New Owner: We’re Still in the Startup Business
Banking
SVB UK New Owner: We’re Still in the Startup Business
June 07, 2023

Silicon Valley Bank (SVB) UK’s new owner says the lender hasn’t lost its pro-startup philosophy. 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,...

Voice Assistants Like Alexa Give Consumers Everyday Look at Power of Large Language Models
Artificial Intelligence
Voice Assistants Like Alexa Give Consumers Everyday Look at Power of Large Language Models
June 07, 2023

The power of voice artificial intelligence (AI) is echoing through boardrooms, living rooms and showrooms, driven by a combination of wonder, convenience and a dash of paranoia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Stitch Fix Looks to Exit UK and Cut Back US Distribution
Retail
Stitch Fix Looks to Exit UK and Cut Back US Distribution
June 07, 2023

Stitch Fix is considering withdrawing from the British market as it rethinks its business. 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....