News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Meta to Phase Out Workplace Over Next 2 Years
Meta to Phase Out Workplace Over Next 2 Years
May 14, 2024  |  Meta

Meta Platforms will be phasing out Workplace, its office collaboration tool, over the next two years. The platform will continue working as usual until Aug. 31, 2025,...

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Ahead of Hill Hearing, Regulators Say Banks ‘Resilient’ but Risks Remain
Ahead of Hill Hearing, Regulators Say Banks ‘Resilient’ but Risks Remain
May 14, 2024  |  Banking

Testimony from some of the top regulators in the country ahead of a Wednesday (May 15) Capitol Hill hearing on bank oversight took note of...

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Carvana Expects New Car Production to Boost Used Car Sales
Carvana Expects New Car Production to Boost Used Car Sales
May 14, 2024  |  Transportation

Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and...

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Apple Says App Store Stopped $1.8B in Fraudulent Transactions in 2023
Apple Says App Store Stopped $1.8B in Fraudulent Transactions in 2023
May 14, 2024  |  Apple

Apple’s App Store blocked over $7 billion in fraudulent activity from 2020 through 2023. It also stopped more than $1.8 billion in fraudulent transactions in 2023 alone, Apple said...

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12% of Shoppers Would Use Embedded Lending at Favorite Stores if Offered
12% of Shoppers Would Use Embedded Lending at Favorite Stores if Offered
May 14, 2024  |  BNPL

For a sizable share of consumers, embedded lending options such as buy now, pay later (BNPL) would be their first choice of payment method at...

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CFPB Pays $384 Million to Victims of Think Finance Scheme
CFPB Pays $384 Million to Victims of Think Finance Scheme
May 14, 2024  |  CFPB

Eleven years ago, Think Finance was named one of Forbes’ most promising companies. Now, the online lender is bankrupt, with the Consumer Finance Protection Bureau (CFPB) saying it...

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Adults Are Buying More Toys as Families Cut Back
Adults Are Buying More Toys as Families Cut Back
May 14, 2024  |  Retail

Parents are buying fewer toys and games for their children, but adult collectors are still splurging on premium dolls, figurines and such, and toy and game...

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Agile and ePayPolicy Team to Offer Insurance Financing
Agile and ePayPolicy Team to Offer Insurance Financing
May 14, 2024  |  Insurance

Agile Premium Finance and ePayPolicy have teamed to offer insurance industry clients checkout financing options. “With ePayPolicy’s latest feature release, Finance Connect, Agile now offers its customers convenient online...

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Report: Waystar Plans to Launch IPO in Early June
Report: Waystar Plans to Launch IPO in Early June
May 14, 2024  |  IPO

Waystar is reportedly planning to launch its initial public offering (IPO) in early June, seeking a valuation of $5 billion or $6 billion. The healthcare payments company will...

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