News

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

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Amazon Sizes Up Trillion-Dollar Returns Challenge, Enlists AI for Perfect Fit Solution 
Amazon Sizes Up Trillion-Dollar Returns Challenge, Enlists AI for Perfect Fit Solution 
January 09, 2024  |  eCommerce

Amazon wants you to feel confident while shopping at home. They want you to make more confident purchasing decisions, and they want to lower the...

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Consumer Group Aims to Close Quarter-Billion ‘Gift Card Loophole’
Consumer Group Aims to Close Quarter-Billion ‘Gift Card Loophole’
January 09, 2024  |  Retail

A consumer group is campaigning to change Washington state’s 20-year-old gift card law. As noted in a recent Ars Technica report, the Washington Consumer Protection Coalition (WCPC)...

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Bank of America Adds ‘Insights’ to CashPro Platform
Bank of America Adds ‘Insights’ to CashPro Platform
January 09, 2024  |  Digital Banking

Bank of America has debuted an analytics tool for its CashPro digital banking platform. CashPro Insights, announced Tuesday (Jan. 9), is designed to let the bank’s corporate and...

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Banyan Names Citi Veteran Alpesh Chokshi as President
Banyan Names Citi Veteran Alpesh Chokshi as President
January 09, 2024  |  Personnel

Item-level receipt data platform Banyan has named financial industry veteran Alpesh Chokshi as president. Chokshi, whose appointment was announced Tuesday (Jan. 9), joins Banyan following a stint as global...

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Synchrony Lets Pet Parents Put Doggie Daycare and Grooming on Payments Plans
Synchrony Lets Pet Parents Put Doggie Daycare and Grooming on Payments Plans
January 09, 2024  |  Retail

Almost 1 in 5, or 23 million, American households welcomed a new furry friend during the pandemic. However, the significance extends beyond the surge in...

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Crypto Firms Fined $5.8 Billion in 2023 For Loose Financial Controls
Crypto Firms Fined $5.8 Billion in 2023 For Loose Financial Controls
January 09, 2024  |  Cryptocurrency

Cryptocurrency and FinTech companies were fined $5.8 billion in 2023 for lax financial controls. That figure marks the first time fines against these groups exceed...

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Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
January 09, 2024  |  Real-Time Payments

As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse...

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myGemma CEO: Luxury Resale’s Network Effect Fosters Loyalty, Repeat Business
myGemma CEO: Luxury Resale’s Network Effect Fosters Loyalty, Repeat Business
January 09, 2024  |  Retail

Luxury resale tends to be dominated by consignment platforms. Sites like The RealReal buy designer clothes, bags and jewelry, and then mark the prices to...

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Visa Wants to Eliminate Friendly Fraud Without Alienating Honest Consumers 
Visa Wants to Eliminate Friendly Fraud Without Alienating Honest Consumers 
January 09, 2024  |  Fraud Prevention

Friendly fraud is a bit of a misnomer; first-party card misuse would be more accurate. That’s because, just like other types of fraud and cybercrime, friendly...

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