News

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

(source: pymnts.com)

Blackhawk Network Acquires Gift Card Rewards Firm Tango
Blackhawk Network Acquires Gift Card Rewards Firm Tango
January 31, 2024  |  Acquisitions

Branded payments provider Blackhawk Network is acquiring B2B gift card firm Tango Card. Tango established the digital-first reward experience through its application programming interface (API),...

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Kriya Secures $64 Million Debt Facility to Scale B2B Payments
Kriya Secures $64 Million Debt Facility to Scale B2B Payments
January 31, 2024  |  B2B Payments

London-based FinTech company Kriya has secured a new 50-million-pound (about $64 million) debt facility to scale its B2B payments volumes. The new funding will allow...

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Demand for Security Solutions Boosts Mastercard’s Value-Added Services Revenues 17%
Demand for Security Solutions Boosts Mastercard’s Value-Added Services Revenues 17%
January 31, 2024  |  Earnings

For Mastercard, new payment flows and digital innovations outpaced spending growth on cards — though consumers remain resilient. And as management noted in a press...

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Volkswagen Opens AI Lab as Carmakers Embrace Artificial Intelligence
Volkswagen Opens AI Lab as Carmakers Embrace Artificial Intelligence
January 31, 2024  |  Artificial Intelligence

Volkswagen is reportedly in discussion with technology companies to launch an artificial intelligence partnership. The German carmaker would work with these tech groups to create...

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TechCrunch Cuts Subscription Program as Consumers Cancel Media Memberships
TechCrunch Cuts Subscription Program as Consumers Cancel Media Memberships
January 31, 2024  |  Subscriptions

Amid ongoing financial pressures, consumers are making difficult decisions about which subscriptions provide enough value to keep and which to cancel, and against this backdrop,...

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Regulator Closes Paytm’s Bank After ‘Persistent Noncompliances’
Regulator Closes Paytm’s Bank After ‘Persistent Noncompliances’
January 31, 2024  |  Regulation

India’s banking regulator ordered Paytm Payments Bank to stop conducting business. The Reserve Bank of India made the order Wednesday (Jan. 31), saying an audit...

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Private Sector Hiring and Pay Increases Slow in January
Private Sector Hiring and Pay Increases Slow in January
January 31, 2024  |  Economy

Hiring and pay increases in the private sector slowed in January. The private sector added 107,000 jobs during the month, and annual pay increased by...

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Walmart, Maybelline Use AR to Foster Shopper Confidence
Walmart, Maybelline Use AR to Foster Shopper Confidence
January 31, 2024  |  Retail

Retailers are embracing augmented reality (AR) to improve consumer experiences, leave a lasting impact, foster greater confidence in the brand, and ultimately encourage purchases. This...

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Epic Games: Apple Not Complying With Outside Payment Rules
Epic Games: Apple Not Complying With Outside Payment Rules
January 31, 2024  |  Legal

Apple said earlier this month it would open its App Store to permit outside payment options. However, Epic Games — which has been battling the iPhone maker in...

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