News

Regulation
FTC Sends Refunds in Case Alleging Concealment of Negative Reviews
January 28, 2025

The Federal Trade Commission (FTC) is sending nearly $2.4 million to customers of fast-fashion retailer Fashion Nova, which the agency alleged prevented negative reviews from being posted on the company’s website. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Artificial Intelligence
AI Startups: LinkedIn Co-Founder’s Cancer Drug Venture, Intel Invests in Chiplets
January 28, 2025

This week in artificial intelligence startup news, Manas AI was created with the goal of shortening cancer drug development timelines, and Intel invested in chip company Baya Systems. Meanwhile, ElevenLabs raised $250 million, and Synthesia raised $180 million. Get the Full Story Complete the form...

Retail
Sephora, Retail Division Drive LVMH’s Q4 Performance Amid Luxury Market Headwinds
January 28, 2025

As the sector’s global sales have slipped in recent years, luxury retail giant LVMH Tuesday (Jan. 28) reported a 1% rise in its fourth-quarter sales and 1% organic growth for 2024. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cross-border Payments
What Treasury Teams Can Learn From Central Banks’ Tokenization Projects
January 28, 2025

For decades, wholesale cross-border payments have meant snail-paced bank wires, money squirreled away across sprawling correspondent banking networks, and the accumulation of enough fees that Scrooge McDuck could swim in them.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Mobile Payments
Mollie Expands Tap to Pay on iPhone Availability in Europe
January 28, 2025

Mollie has expanded its Tap to Pay on iPhone capability to merchants in three more European countries: Austria, Italy and the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

eCommerce
Recurring Payments Feature to Draw $30 Billion in Payments to Brazil’s Pix
January 28, 2025

The soon-to-be-released recurring payments feature of Brazil’s payment system, Pix, is reportedly expected to draw $30 billion in eCommerce payments alone to Pix in two years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payments Innovation
Bank of America: New Use Cases Take Unattended Payments Into the Future
January 28, 2025

Making things easier rarely goes out of style. Just take, for example, unattended 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...

Banking
Fifth Third Bank Brings Back Early Tax Refund Service for Customers
January 27, 2025

Fifth Third Bank is giving taxpayers a financial head start, offering its customers the ability to access their tax refunds up to five days earlier than standard IRS processing times at no extra cost. Get the Full Story Complete the form to unlock this article...

Investments
Reid Hoffman-Backed Manas AI Raises $24.6 Million for Cancer Drug Development
January 27, 2025

LinkedIn founder Reid Hoffman and oncologist Siddhartha Mukherjee raised $24.6 million in a seed round to launch an artificial intelligence startup focused on drug development. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...