News

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

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Back-to-Basics Data Approach Confronts Increasing Fraud
Back-to-Basics Data Approach Confronts Increasing Fraud
April 19, 2024  |  Opinion

Whenever there’s economic uncertainty, there’s a corresponding upswing in fraud, said Mangopay Vice President of Product and Data Maciej Pitucha, adding businesses can prepare and...

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Click-and-Mortar™ Shopping Expands by 49% In Brazil
Click-and-Mortar™ Shopping Expands by 49% In Brazil
April 19, 2024  |  VISA

Half of Brazilian consumers are adopting Click-and-Mortar™ shopping strategies, and the country trails only Saudi Arabia in the Click-and-Mortar™ transformation. The approach blends online and...

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FinTech IPO Index Gives Up 6.4% as Platforms Plummet Ahead of Earnings 
FinTech IPO Index Gives Up 6.4% as Platforms Plummet Ahead of Earnings 
April 19, 2024  |  IPO

If there was a theme marking the past five days of trading, after the big banks reported earnings, and as the digital lenders that populate...

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Amazon and Walmart Race to Integrate Commerce and Content
Amazon and Walmart Race to Integrate Commerce and Content
April 19, 2024  |  Retail

As shopping and entertainment become increasingly intertwined, Amazon and Walmart are looking for new ways to drive sales via content. On Tuesday (April 16), Amazon Live announced a new...

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Nordstrom CEO, President Aim to Take Company Private
Nordstrom CEO, President Aim to Take Company Private
April 18, 2024  |  Retail

Nordstrom CEO Erik Nordstrom and President Pete Nordstrom have told the retailer’s board that they’re interested in taking the company private. As a result, the board has formed a special...

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Kraken Acquires TradeStation Crypto to Expand Regulatory Licensing in US
Kraken Acquires TradeStation Crypto to Expand Regulatory Licensing in US
April 18, 2024  |  Acquisitions

Cryptocurrency exchange Kraken is buying TradeStation Crypto, the digital assets unit of TradeStation Group. With this acquisition, Kraken aims to expand its regulatory licensing in the United States,...

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Google Consolidates AI-Building Teams Across Research and DeepMind
Google Consolidates AI-Building Teams Across Research and DeepMind
April 18, 2024  |  Google

Google is consolidating the teams that focus on building artificial intelligence (AI) models across Google Research and Google DeepMind.  All this work will now be done within Google...

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Canada’s Federal Budget Aims to Curb Overdraft Fees
Canada’s Federal Budget Aims to Curb Overdraft Fees
April 18, 2024  |  Bank Regulation

Canada’s federal budget, released this week, includes a proposal to limit the fees that banks charge customers for overdrawing their accounts. This move is expected...

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Proposed Federal AI Oversight Plan Faces Hurdles, Experts Say
Proposed Federal AI Oversight Plan Faces Hurdles, Experts Say
April 18, 2024  |  artificial intelligence

Sen. Mitt Romney’s call for enhanced federal oversight of artificial intelligence (AI) faces hurdles, according to experts, who say the technology’s rapid advancement and wide-ranging...

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