News

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

(source: pymnts.com)

P&G: Shoppers Are Done Trading Down to Private-Label
P&G: Shoppers Are Done Trading Down to Private-Label
April 19, 2024  |  Earnings

Many consumers may have traded down to private-label brands in earlier stages of the current period of high inflation, but now, according to Procter &...

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Airlines Say Tech Companies Driving Rebound in Business Travel
Airlines Say Tech Companies Driving Rebound in Business Travel
April 19, 2024  |  Earnings

Business travel has reportedly caught up with the booming business that leisure travel has enjoyed over the past three years. Three airlines that have released...

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Making Sense of Why FIs Are Tokenizing Real-World Assets 
Making Sense of Why FIs Are Tokenizing Real-World Assets 
April 19, 2024  |  Blockchain

The tokenization of real-world assets (RWA) is emerging as more than just a token exercise. It’s another function of the blockchain landscape that has captured...

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Tether and Telegram Join Forces to Enable Crypto Payments
Tether and Telegram Join Forces to Enable Crypto Payments
April 19, 2024  |  Cryptocurrency

Stablecoin issuer Tether has partnered with the TON Foundation to enable customers to send cryptocurrency payments using encrypted messaging service Telegram. This collaboration aims to...

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Amazon-Walmart Rivalry for Consumer Retail Spend Turned in 2022
Amazon-Walmart Rivalry for Consumer Retail Spend Turned in 2022
April 19, 2024  |  Retail

PYMNTS Intelligence has closely watched the two leading U.S. retail giants — Amazon and Walmart — duke it out since 2019, sharing our findings in...

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Regions Bank Struggles With Expenses; Bullish on Consumer
Regions Bank Struggles With Expenses; Bullish on Consumer
April 19, 2024  |  Earnings

Two months after laying off 3% of its workforce, the Birmingham, Alabama-based Regions Bank posted disappointing Q1 earnings Friday (April 19). The southeastern regional’s results...

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This Week in AI: Proposed Federal Oversight, Cybersecurity, Gaming Development
This Week in AI: Proposed Federal Oversight, Cybersecurity, Gaming Development
April 19, 2024  |  artificial intelligence

This week in artificial intelligence (AI) news, Sen. Mitt Romney’s initiative for greater federal oversight of AI faces challenges, game developer RiseAngle is harnessing AI to...

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German Agency Criticizes EY’s Audits of Wirecard
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024  |  Security & Fraud

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations...

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Social Platforms and PayFacs Now Power the Creator Economy
Social Platforms and PayFacs Now Power the Creator Economy
April 19, 2024  |  Social Commerce

Whether it’s a viral Instagram post, an informative YouTube video, or a thought-provoking blog article, content creators are playing a pivotal role in shaping online...

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