News

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

(source: pymnts.com)

UK’s CMA Says Meta Commits to Protect Advertising Customers’ Data
UK’s CMA Says Meta Commits to Protect Advertising Customers’ Data
November 03, 2023  |  Regulation

The United Kingdom’s Competition and Markets Authority (CMA) said Friday (Nov. 3) that Meta has made commitments to not use its advertising customers’ data. These...

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Binance and Coinbase Share Top Spot in PYMNTS Crypto App Provider Ranking
Binance and Coinbase Share Top Spot in PYMNTS Crypto App Provider Ranking
November 03, 2023  |  Mobile Applications

This edition of the PYMNTS Provider Ranking of Cryptocurrency Apps sees a tie fall apart, resulting in a trickle effect of rankings. But one tie remains unchanged:...

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Bank of England Official Says Technology Increases Risk of Bank Runs
Bank of England Official Says Technology Increases Risk of Bank Runs
November 03, 2023  |  Banking

With technology increasing the risk of bank runs, central banks must ensure that banks maintain appropriate liquidity insurance. So said Andrew Hauser, executive director for...

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DraftKings’ Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations 
DraftKings’ Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations 
November 03, 2023  |  Earnings

It’s football season, and that is good news for sports betting company DraftKings. The gaming platform’s third quarter 2023 earnings results saw a 57% increase...

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Starbucks Taps Additional Rewards Partnerships to Widen Loyalty Audience
Starbucks Taps Additional Rewards Partnerships to Widen Loyalty Audience
November 03, 2023  |  Loyalty & Rewards

Starbucks is adding two new rewards partners to grow loyalty engagement and reach new customers. The world’s largest restaurant chain by revenue shared in its...

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PayPal and Block Results Show Small Business Lending Activity Tightening
PayPal and Block Results Show Small Business Lending Activity Tightening
November 03, 2023  |  Earnings

Earnings season, moving into its final few weeks, may seemingly be dominated by headlines about consumer spending. But dig a bit deeper, and details emerge...

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Payment Choice Is the Best Feature Merchants Can Offer Consumers
Payment Choice Is the Best Feature Merchants Can Offer Consumers
November 03, 2023  |  Payment Methods

Consumers in different countries go for a diverse mix of shopping features, ranging from coupons and rewards to free shipping, availability of buy now, pay...

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Maersk Cuts Another 3,500 Jobs Amid Shipping Industry’s ‘New Normal’
Maersk Cuts Another 3,500 Jobs Amid Shipping Industry’s ‘New Normal’
November 03, 2023  |  Shipping

Maersk is eliminating another 3,500 positions after having reduced its headcount by 6,500 throughout the year. The Copenhagen-based shipping company announced this move while reporting its...

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Raising the Bar on Digital Experience for a New Generation of Policyholders
Raising the Bar on Digital Experience for a New Generation of Policyholders
November 03, 2023  |  Insurance

PYMNTS Intelligence interviews Ian Drysdale, CEO of insurance industry digital payments network One Inc, on how the industry is accepting the challenge of meeting Gen...

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