News

Social Commerce
Chinese Social Media App RedNote Gains US Users Ahead of TikTok Ban
January 15, 2025

Chinese social media app RedNote has reportedly gained 700,000 new users as U.S. users of TikTok seek a new platform ahead of the approaching ban of that app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
Block to Pay $80 Million to Settle AML Violation Allegations
January 15, 2025

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that alleged the company violated Bank Secrecy Act (BSA) and anti-money laundering (AML) laws. Get the Full Story Complete the form...

Digital Banking
Citi Contends With Mobile App Outage, Directs Users to Website
January 15, 2025

Citibank has resolved an outage of its mobile app about a day after it was first reported. 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...

B2B Payments
TradeCentric Debuts New Tool for Shopify B2B Users
January 15, 2025

B2B connected commerce firm TradeCentric has a new offering for Shopify B2B users. 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 form,...

Regulation
GoDaddy to Settle FTC Charges of ‘Unreasonable Security Practices’
January 15, 2025

The Federal Trade Commission (FTC) said Wednesday (Jan. 15) that a proposed settlement order will require web hosting company GoDaddy to improve its information security program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB: Home Loan Protection Laws Apply to Home Equity Contracts
January 15, 2025

Mortgage lenders offering home equity contracts must comply with laws like the Truth in Lending Act, according to the Consumer Financial Protection Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Microsoft Debuts Pay-as-You-Go AI Copilot Chat
January 15, 2025

Microsoft is adding pay-as-you-go artificial intelligence agents to its free chatbot for commercial users. 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...

Investments
Klearly Raises $6.2 Million for SoftPOS Solution for Hospitality Businesses
January 15, 2025

Dutch FinTech Klearly raised 6 million euros (about $6.2 million) in a seed round to grow its software point-of-sale (SoftPOS) product for hospitality businesses, mobile vendors and other small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Delivery
Walmart and IBM Team to Bolster Last-Mile Delivery
January 15, 2025

Walmart has formed a partnership with IBM aimed at improving last-mile delivery for retailers. 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...