News

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

(source: pymnts.com)

Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
October 17, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed...

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ACH Network Payment Volume Climbs 20% in Q3
ACH Network Payment Volume Climbs 20% in Q3
October 17, 2023  |  Earnings

ACH Network parent company Nacha says it is reaping the benefit of increased B2B payments. Continued adoption of same-day automated clearing house (ACH) payments and the...

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September Retail Sales Don’t Look All That Rosy When Adjusted for Inflation
September Retail Sales Don’t Look All That Rosy When Adjusted for Inflation
October 17, 2023  |  Retail

Bank earnings came first, putting up card spending data that spotlighted consumers’ willingness to keep spending across debit and credit cards. Retail sales data released...

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Stax Acquires APPS to Boost Payment Processing Services
Stax Acquires APPS to Boost Payment Processing Services
October 17, 2023  |  Acquisitions

Florida-based FinTech Stax Payments says it has acquired Atlantic-Pacific Processing Systems (APPS). “The integration of APPS marks a significant expansion of Stax’s technology stack, giving partners and merchants flexible,...

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APPatient No. 1 in PYMNTS Provider Ranking of Telemedicine Apps
APPatient No. 1 in PYMNTS Provider Ranking of Telemedicine Apps
October 17, 2023  |  Healthcare

In PYMNTS’ Provider Ranking of Telemedicine Apps this month, PlushCare enters the scene to start pushing everyone up, and Carbon Health and QuickMD both climb...

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Trovata, JPMorgan Partner to Streamline Treasury Payments
Trovata, JPMorgan Partner to Streamline Treasury Payments
October 17, 2023  |  Partnerships

J.P. Morgan and enterprise cash management firm Trovata announced a partnership to streamline treasury management for J.P. Morgan’s corporate investment banking customers. The collaboration will introduce two...

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i2C and Banco de Credito Launch iO Banking App in Peru
i2C and Banco de Credito Launch iO Banking App in Peru
October 17, 2023  |  Digital-First Banking

Peru’s Banco de Credito (BCP), has joined forces with digital banking and payments solutions provider i2c Inc. to introduce the digital banking platform, iO, the...

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Prove Identity Raises $40 Million at Over $1 Billion Valuation
Prove Identity Raises $40 Million at Over $1 Billion Valuation
October 17, 2023  |  Investments

Prove Identity, a smartphone-based identity verification startup, has secured $40 million and reached unicorn status with a valuation exceeding $1 billion. The company will use...

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Relay Payments Unveils Automated Freight Payments Tool
Relay Payments Unveils Automated Freight Payments Tool
October 17, 2023  |  Supply Chain

Relay Payments, a FinTech company specializing in modernizing payments for the logistics and trucking industries, has introduced RelayDirect, an automated freight payments tool for brokers....

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