News

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

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Fed: Credit Rejections Rise While Fewer Consumers Are Able to Handle Emergency Expenses
Fed: Credit Rejections Rise While Fewer Consumers Are Able to Handle Emergency Expenses
November 20, 2023  |  Consumer Finance

As reported by the Federal Reserve on Monday (Nov. 20), demand for new credit is declining. Rejection rates for those people seeking new credit are...

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Kohl’s President and COO Leaves Retailer After 7 Months
Kohl’s President and COO Leaves Retailer After 7 Months
November 20, 2023  |  Retail

Kohl’s President and Chief Operating Officer Dave Alves has left the company, after about seven months in those roles. “On November 17, 2023, Kohl’s Corporation (the “Company”) announced...

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American Express Allows Spending of Reward Dollars on Amazon
American Express Allows Spending of Reward Dollars on Amazon
November 20, 2023  |  Loyalty & Rewards

American Express cash-back cardholders can now spend their Reward Dollars on Amazon. With eligible cards, they can do so while getting the same value for...

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Cash Is King Means ‘Pay Me Sooner’ for B2B Players 
Cash Is King Means ‘Pay Me Sooner’ for B2B Players 
November 20, 2023  |  B2B Payments

What do businesses want for the holidays? It’s simple: to get paid faster.  B2B payments are the global economy’s transactional workhorse, accounting for tens of...

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Report: DOJ and Binance Negotiating Resolution to Investigation
Report: DOJ and Binance Negotiating Resolution to Investigation
November 20, 2023  |  Cryptocurrency

The U.S. Justice Department is reportedly negotiating with cryptocurrency exchange Binance Holdings to resolve a long-standing investigation. The department is seeking a settlement of over $4 billion...

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Apple Faces Lawsuit Over Apple Cash From Venmo, CashApp Users
Apple Faces Lawsuit Over Apple Cash From Venmo, CashApp Users
November 20, 2023  |  Apple

Apple is reportedly facing a lawsuit filed by four users of Venmo and Cash App.  The lawsuit alleges that Apple has abused its market power in the...

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Curbside Pickup Leads the Restaurant Industry’s Digital Shift
Curbside Pickup Leads the Restaurant Industry’s Digital Shift
November 20, 2023  |  Restaurant innovation

As restaurants increasingly adopt tech features, curbside pickup is proving to be the most common digital offering. By the Numbers Most restaurants now offer curbside...

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Spanish FinTech Fence Raises $2 Million for Debt Management Software
Spanish FinTech Fence Raises $2 Million for Debt Management Software
November 20, 2023  |  Investments

Spanish FinTech company Fence has reportedly raised 1.8 million euros (about $2 million) in its pre-seed financing round. The firm will use the new funding...

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3 in 4 eCommerce Firms Prioritize Anti-Fraud Innovation to Prevent Data Breaches
3 in 4 eCommerce Firms Prioritize Anti-Fraud Innovation to Prevent Data Breaches
November 20, 2023  |  Security & Fraud

False declines are a significant yet often overlooked issue that impacts both businesses and consumers. Picture this: You attempt to make a purchase, only to...

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