News

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

(source: pymnts.com)

Consumers ‘Balancing a Lot’ as Retail Sales Slow
Consumers ‘Balancing a Lot’ as Retail Sales Slow
March 17, 2024  |  Consumer Insights

Consumers are growing more hesitant to spend following a long stretch of looser spending. That’s according to a Saturday (March 16) report by the Financial...

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St. Pat’s Showdown: Booze Brands Get Creative
St. Pat’s Showdown: Booze Brands Get Creative
March 16, 2024  |  Retail

As St. Patrick’s Day approaches, beer and liquor brands are gearing up for a showdown to see who can win consumers’ boozy spending, and the...

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Zilch Considering IPO in 2025, Talking With IPO Venues
Zilch Considering IPO in 2025, Talking With IPO Venues
March 15, 2024  |  IPO

British buy now, pay later (BNPL) provider Zilch Technology is reportedly considering launching an initial public offering (IPO) in 2025.  Zilch has not selected a venue...

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Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
March 15, 2024  |  Legal

Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of...

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BMO Taps Elavon to Add Payment Solutions for Business Clients
BMO Taps Elavon to Add Payment Solutions for Business Clients
March 15, 2024  |  Partnerships

Elavon, a global payment processor, has partnered with BMO, North America’s eighth-largest bank, to introduce a payment solutions platform for BMO’s U.S. clients.  The collaboration aims...

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Dogecoin Value Surges 15% After Elon Musk’s Remarks
Dogecoin Value Surges 15% After Elon Musk’s Remarks
March 15, 2024  |  Cryptocurrency

Elon Musk has once again stirred up the cryptocurrency market by suggesting that dogecoin (DOGE) should be accepted as a payment method for Tesla vehicles....

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Artificial Intelligence Transforms Consumer Wellness Habits
Artificial Intelligence Transforms Consumer Wellness Habits
March 15, 2024  |  Artificial Intelligence

Your next massage could be powered by artificial intelligence (AI), a sign of how AI technology is overtaking the wellness industry. With $80 million in...

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Subscription Merchants Alienate Their Best Customers With Excessive Marketing
Subscription Merchants Alienate Their Best Customers With Excessive Marketing
March 15, 2024  |  Subscriptions

To maintain the loyalty of retail subscriptions’ best customers, PYMNTS Intelligence findings show, it is essential to maintain a light touch. By the Numbers The...

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Bookstores Regain Ground as Consumers Seek In-Person Engagement
Bookstores Regain Ground as Consumers Seek In-Person Engagement
March 15, 2024  |  Retail

Consumers’ shift to eCommerce has not killed the bookstore yet. From industry giants’ recoveries to the reemergence of independent players in the space, the bookstore...

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