News

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

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Fed Study: Banks Examine Credit Use When Considering Limit Increases
Fed Study: Banks Examine Credit Use When Considering Limit Increases
May 03, 2024  |  Banking

A new study from the Federal Reserve indicates that it’s not income levels or ability to repay that drives banks’ willingness to extend credit. Rather,...

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Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
May 03, 2024  |  Regulation

Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle. This disclosure in a filing with the Securities and Exchange Commission (SEC)...

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Walmart and Amazon Expand Private-Label Plays to Compete in Grocery
Walmart and Amazon Expand Private-Label Plays to Compete in Grocery
May 03, 2024  |  Retail

As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands. Walmart announced Tuesday (April 30) the...

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Can Open Banking Increase Consumer Trust in New Payments Tech?
Can Open Banking Increase Consumer Trust in New Payments Tech?
May 03, 2024  |  Opinion

Open banking is empowering consumers and the businesses they work with to adapt amid uncertainties, Trustly founder and CEO Alex Gonthier writes in the new...

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LiveRamp CFO: Developing Quick-Twitch Muscles Key to Managing Dynamic Businesses
LiveRamp CFO: Developing Quick-Twitch Muscles Key to Managing Dynamic Businesses
May 03, 2024  |  CFO

To be successful, you must have your heart in your business, and your business in your heart. As today’s chief financial officers know best, the role of...

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Platforms Rally to Push FinTech IPO Index 3% Higher
Platforms Rally to Push FinTech IPO Index 3% Higher
May 03, 2024  |  Fintech Investments

A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to...

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Real-Time Payments Set to Soar in US With Cloud Solutions
Real-Time Payments Set to Soar in US With Cloud Solutions
May 03, 2024  |  Real-Time Payments

Real-time payments continue their rapid expansion worldwide, bolstered by widespread support from banks, corporations and governments alike. This edition of the “Real-Time Payments World Map”...

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Apple’s Quarter Beat Muted Expectations, but China and AI Battlefields Loom Large 
Apple’s Quarter Beat Muted Expectations, but China and AI Battlefields Loom Large 
May 02, 2024  |  Apple

The bar was, arguably, low coming into Apple’s latest earnings report. And the tech giant stepped over that bar, spurring investors to breathe a sigh...

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Booking Holdings Says ‘Connected Trip’ Attracts New, Repeat Travelers
Booking Holdings Says ‘Connected Trip’ Attracts New, Repeat Travelers
May 02, 2024  |  Earnings

Online travel company Booking Holdings is seeing results from its deployment of new tech-driven initiatives. These initiatives include its “connected trip” vision, its artificial intelligence (AI) capabilities...

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