News

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

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Walmart and Amazon Race to Provide Best Virtual Try-On Experiences
Walmart and Amazon Race to Provide Best Virtual Try-On Experiences
March 08, 2024  |  Retail

As augmented reality and virtual reality expand the possibilities for eCommerce, Walmart and Amazon are stepping up their digital try-on capabilities to drive conversion. Walmart shared via emailed announcement...

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Expense-Sharing Apps Adapt to Changing Relationship Dynamics
Expense-Sharing Apps Adapt to Changing Relationship Dynamics
March 08, 2024  |  financial apps

Budgeting and managing expenses are fundamental aspects of individual financial well-being.  However, when it comes to couples, these practices take on a heightened significance. Financial...

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FinTech IPO Index Gathers 2.7% as MoneyLion Jumps 34% on Earnings 
FinTech IPO Index Gathers 2.7% as MoneyLion Jumps 34% on Earnings 
March 08, 2024  |  Fintech Investments

Many of the names that are part of the FinTech IPO Index soared double digits on the heels of earnings this past week, leading the...

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eCommerce Merchants Fail to Connect Failed Payments and Fraud
eCommerce Merchants Fail to Connect Failed Payments and Fraud
March 08, 2024  |  Fraud Prevention

Despite the many fraudsters on the prowl seeking to exploit any vulnerabilities they can find in the payments ecosystem, only about one-third of eCommerce merchants...

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CarParts.com Looks to Mobile App, Content Marketing to Drive Profits
CarParts.com Looks to Mobile App, Content Marketing to Drive Profits
March 07, 2024  |  Earnings

CarParts.com is leaning heavily on its new mobile app and its revamped content marketing efforts as it looks to boost its gross profit. These initiatives around...

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Financial Institutions’ Net Income Drops 43.9% Amid FDIC’s Special Assessment
Financial Institutions’ Net Income Drops 43.9% Amid FDIC’s Special Assessment
March 07, 2024  |  Banking

Financial institutions’ net income dropped 43.9% in the fourth quarter of 2023. The net income of commercial banks and savings institutions insured by the Federal Deposit...

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Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
March 07, 2024  |  Consumer Finance

Consumers’ total outstanding credit leapt by $19.5 billion in January. Revolving credit accounted for $8.4 billion of the increase, while nonrevolving credit made up the...

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Porch Group Earnings Show Resilience for InsurTech Category
Porch Group Earnings Show Resilience for InsurTech Category
March 07, 2024  |  Insurance

InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in the category, Porch Group, a leader in the homeowners insurance...

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OpenAI, Salesforce and Others Boost Efforts for Ethical AI
OpenAI, Salesforce and Others Boost Efforts for Ethical AI
March 07, 2024  |  artificial intelligence

In a shift toward ethical technology use, companies across the globe are intensifying their efforts to develop responsible artificial intelligence (AI) systems, aiming to ensure...

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