News

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

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Chipotle Says Value Keeps Customers Coming Back Despite Rising Prices
Chipotle Says Value Keeps Customers Coming Back Despite Rising Prices
April 24, 2024  |  Earnings

Higher prices at Chipotle haven’t kept customers from visiting and spending at the fast-casual restaurant. They’re doing so because of value, executives said during the company’s quarterly...

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Report: FDIC Seeking Buyers for Republic First Bancorp
Report: FDIC Seeking Buyers for Republic First Bancorp
April 24, 2024  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank. The...

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Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
April 24, 2024  |  Partnerships

Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank. The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles...

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Stripe Co-Founders Say They’re Building ‘Software-Defined Financial Services’
Stripe Co-Founders Say They’re Building ‘Software-Defined Financial Services’
April 24, 2024  |  Fintech Investments

Today’s customers of the FinTech industry are no longer asking just for ways to accept online payments; they’re asking for “software-defined financial services.” So said Stripe co-founders Patrick...

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Apple’s Marketing Head for Vision Pro Retires
Apple’s Marketing Head for Vision Pro Retires
April 24, 2024  |  Apple

Apple’s head of marketing for its new headset, the Vision Pro, has retired from his role.  Frank Casanova has worked at the Big Tech firm for 36...

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Tech-Enabled Solutions Put the Brakes on Returns Fraud
Tech-Enabled Solutions Put the Brakes on Returns Fraud
April 24, 2024  |  Retail

An integral aspect of the retail cycle, returns have surged in recent years with the growth of online channels. However, accompanying this increase in returns...

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Western Union’s Digital Transactions Surge 13%
Western Union’s Digital Transactions Surge 13%
April 24, 2024  |  Earnings

Western Union’s first quarter results took note of continued shifts to digital channels to send money across borders. Branded digital transactions grew by 13% year...

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Meta Earnings Announcement Goes Big on AI
Meta Earnings Announcement Goes Big on AI
April 24, 2024  |  Meta

If anyone had any doubts about Meta’s long-term commitment to artificial intelligence (AI), they were erased in the first minute of the company’s earnings call on Wednesday (April...

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UnitedHealth Group Shutting Down Optum Virtual Care Telehealth Business
UnitedHealth Group Shutting Down Optum Virtual Care Telehealth Business
April 24, 2024  |  Healthcare

UnitedHealth Group is shutting down its Optum Virtual Care telehealth business. Employees were notified of the shutdown on Thursday (April 18), and some were told that their last day...

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