News

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

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Instant Tip Payouts Could Help Hotel Industry Woo Workers in 2024
Instant Tip Payouts Could Help Hotel Industry Woo Workers in 2024
February 28, 2024  |  Disbursements

The next time you check into a hotel, don’t be surprised if you can’t find personnel to greet you, help with your luggage, or put...

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As GDP Growth Decelerates, All Eyes Are on Consumer Spending
As GDP Growth Decelerates, All Eyes Are on Consumer Spending
February 28, 2024  |  Economy

The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some...

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Mastercard to Launch New Open Banking-Powered Digital Account Opening Experience
Mastercard to Launch New Open Banking-Powered Digital Account Opening Experience
February 28, 2024  |  Digital Banking

Mastercard is preparing to launch a new digital account opening experience for select U.S. debit and prepaid products. The program will use open banking solutions...

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Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
February 28, 2024  |  Legal

Attorneys for convicted cryptocurrency fraudster Sam Bankman-Fried say their client is “selfless,” “altruistic” and “misunderstood.” In a final bid for leniency, lawyers for the FTX founder are calling for...

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Report: Apple Makes Last-Minute Attempt to Halt Antitrust Suit
Report: Apple Makes Last-Minute Attempt to Halt Antitrust Suit
February 28, 2024  |  ANTITRUST

Apple reportedly made an eleventh-hour attempt last week to stave off a federal antitrust suit. The company and its attorneys met with the U.S. Justice Department to...

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Klarna Posts Narrower Yearly Loss Ahead of Potential IPO
Klarna Posts Narrower Yearly Loss Ahead of Potential IPO
February 28, 2024  |  BNPL

Klarna’s annual report shows the Swedish FinTech’s revenues rising and losses narrowing during 2023. The report, released Wednesday (Feb. 28), comes as the buy now, pay later...

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Marqeta and AffiniPay Team on Law Firm Spend Management 
Marqeta and AffiniPay Team on Law Firm Spend Management 
February 28, 2024  |  Partnerships

Card issuing platform Marqeta has launched a partnership with payments firm Affinipay. The collaboration, announced Wednesday (Feb. 28), will see Marqeta power the pending launch of MyCase Smart...

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Visa Unveils Innovative Benchmarking Tool for Middle Market CFOs to Optimize Working Capital
Visa Unveils Innovative Benchmarking Tool for Middle Market CFOs to Optimize Working Capital
February 28, 2024  |  VISA

Visa, in partnership with PYMNTS Intelligence, has launched a new benchmarking tool for middle-market CFOs to evaluate their working capital efficiency compared to industry peers....

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US Money Laundering Fight May Soon Turn Corner
US Money Laundering Fight May Soon Turn Corner
February 28, 2024  |  Security & Fraud

Is the tide turning in America’s war on money laundering? Writing in the Financial Times Tuesday (Feb. 27), Casey Michel of the Human Rights Foundation...

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