News

Faster Payments
Visa: Orchestration Layers and Aliases Pave the Way for Instant Payments Ubiquity
December 20, 2023

Ruben Salazar, senior vice president and global head of Visa Direct, told Karen Webster that the transition from traditional, ACH transactions toward faster payments is underway — but is not without its frictions. Get the Full Story Complete the form to unlock this article and...

Faster Payments
Education and Regulation Define Real-Time Payments’ Inflection Point
December 20, 2023

Instant payments have been available across the payments landscape for years. 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...

Faster Payments
Businesses Can Hone Competitive Edge With Instant Payments
December 20, 2023

Irfan Ahmad, managing director and head of U.S. payments GTS at Bank of America, said instant payments will get a lift from some of the most basic, proactive approaches from businesses and financial institutions. Get the Full Story Complete the form to unlock this article...

Cross-border Payments
Intermex Partners With Visa to Expand Money Transfer Services
December 19, 2023

International Money Express (Intermex) has partnered with Visa to extend its money transfer services to more than 20 countries that it didn’t previously serve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Tonal Looks to Pick up Lululemon’s Broken Mirror Pieces With Trade-in Program
December 19, 2023

When Lululemon bought Mirror in 2020, it was a move to expand beyond selling clothes and tap into the growing trend of working out at home. The Mirror device, an interactive mirror that provides different workout classes and personalized exercises, fit well with Lululemon’s focus...

Retail
Grocers Seize on Holiday Spending Anxiety to Drive Digital Adoption
December 19, 2023

With consumers’ budgets coming under pressure over the holiday season, leading grocers including Kroger and Walmart have launched digital deals to boost eCommerce engagement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?
December 19, 2023

After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation of its planned conference call, Farfetch has been acquired by South Korean eCommerce giant Coupang. Get the Full Story Complete...

CFPB
CFPB: US Bank Illegally Blocked Workers From Unemployment Benefits
December 19, 2023

America’s consumer watchdog said U.S. Bank wrongly kept workers from unemployment benefits during the pandemic. 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,...

CFPB
CFPB: Student Banking Products Have Unusually High Fees
December 19, 2023

American college students’ first bank accounts might end up being their worst bank accounts. 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...