Personnel
Fed Banking Chief Michael Barr Announces Departure Ahead of Trump Arrival
January 06, 2025

The Federal Reserve’s top banking regulator plans to step down in late February. 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
Retailers Say They’re Drowning Under Post-Holiday Return Surge
January 06, 2025

The surge in online shopping and practices like “bracketing”— ordering multiple sizes or variations with the intent to return unwanted items — has significantly increased return volumes, posing logistical and financial challenges for retailers, according to Hannah Bravo, CEO at Loop Returns. Get the Full...

Travel Payments
Visa and Qashio Partner on B2B Travel Payments Solution
January 06, 2025

Visa and spend management solution provider Qashio have partnered to launch a B2B travel payments solution in the United Arab Emirates (UAE), the Middle East and North Africa (MENA) region, Europe and the United Kingdom. Get the Full Story Complete the form to unlock this article and...

Acquisitions
Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
January 06, 2025

Eltropy acquired Lexop, saying the combination of the companies’ technologies will help community financial institutions (CFIs) reduce and prevent delinquencies, collect faster and enhance borrower experiences. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Personnel
Finastra Names Ex-Avantax CEO Chris Walters as New Chief Executive
January 06, 2025

U.K.-based financial services software firm Finastra has a new chief executive. 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...

Security & Fraud
Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules
January 06, 2025

The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is struck. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Salesforce: 28% Uptick in Returns Could Dampen Record Holiday Spending
January 06, 2025

Artificial intelligence (AI) helped holiday sales reach record levels this year, new Salesforce data shows. 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,...

CFO
Apple’s CFO Transition Underscores Evolving Role of Back-Office Leadership
January 06, 2025

It is the first Monday of 2025, and at least one thing is already different: Apple’s finance function. The world’s largest company, with a $3.27 trillion market cap, has a new CFO. Get the Full Story Complete the form to unlock this article and enjoy...

CFPB
CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
January 06, 2025

The Consumer Financial Protection Bureau sued nonbank financing company Vanderbilt Mortgage & Finance Monday (Jan. 6), saying the company made loans to consumers despite evidence that they could not afford those loans. Get the Full Story Complete the form to unlock this article and enjoy...