January 15, 2024
Big Banks: Commercial Lending Losses Creep Up, Deposits Decline Slightly
The initial headlines and initial takes on big bank earnings may have focused on the state of the consumer, on card spending, especially. But there’s data to be gleaned for...
January 15, 2024
Retailers Rethink Malls as Other Locations Report Stronger Sales
In the latest sign of trouble for the mall, several national retailers are moving outdoors. That’s according to a Monday (Jan. 15) Wall Street Journal (WSJ) report, which said that...
January 15, 2024
Nearly 25% of B2B Real Estate Payments Are Made via...
Despite the entrenchment of automated clearing house transfers as the preferred payment method for real estate companies and the advancement of real-time payments observed in recent years, many of the...
January 10, 2024
Porch Launches Fraud Warning Product for Title and Escrow Companies
Porch Group has launched a fraud warning product for title and escrow companies. The new RynohVerifi product is designed to help protect against payment fraud by confirming the payee account ownership and...
January 10, 2024
2024: A Pivotal Shift for Instant Payments
PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that have shaped business in 2023....
January 08, 2024
The Eight Pivotal Strategies for Payments and the Digital Economy...
One: Companies monetize certainty as businesses and consumers prize predictability. Two: Shopping shifts from buying to editing as replenishment models change retail dynamics. Three: GenAI becomes a feature, and everything...
January 08, 2024
Jump in Bad Loans Threatens Big Banks’ Earnings
The specter of an increase in bad debt hangs over America’s largest lenders. Banks such as JPMorgan Chase and Wells Fargo will release their earnings in the coming days, and...
January 05, 2024
FinTech IPO Index Soars 55% in 2023 as Platforms Notch...
By any stretch of the imagination, the 55.7% rally in the FinTech IPO Index last year was nothing to sneeze at. And the December surge, at 16.7% … well, that...
January 04, 2024
Truist to Close 3.5% of Branches as Customers Bank Digitally
Truist Financial will close 3.5% of its branches in March because more clients are choosing to bank with it digitally. The Charlotte, North Carolina-based bank is making the closures based on...
