News

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

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Synchrony Earnings Show Consumer Momentum, Concern Over Late Fee Rules
Synchrony Earnings Show Consumer Momentum, Concern Over Late Fee Rules
April 24, 2024  |  Earnings

Synchrony Financial reported its Q1 earnings Wednesday (April 24), showing broad-based growth throughout its lending and credit platforms, continued momentum in consumer spending and some...

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Chamber of Commerce Plans to Sue to Overturn FTC Non-Compete Ban
Chamber of Commerce Plans to Sue to Overturn FTC Non-Compete Ban
April 24, 2024  |  Legal

The U.S. Chamber of Commerce is blasting the FTC’s new ban on non-compete clauses. Soon after the Federal Trade Commission (FTC) imposed the ban on Tuesday (April 23),...

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Odessa Launches Originations Platform, Plans Auto Finance Suite
Odessa Launches Originations Platform, Plans Auto Finance Suite
April 24, 2024  |  Loans

Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto...

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Nium and Thredd Launch APAC Virtual Card Partnership
Nium and Thredd Launch APAC Virtual Card Partnership
April 24, 2024  |  B2B Payments

Cross-border payments platform Nium and payments processor Thredd have expanded their partnership. As Thredd said in a Wednesday (April 24) news release, this expansion will allow Nium issue virtual cards...

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Splitit Powers Banks Installment Plans at Checkout
Splitit Powers Banks Installment Plans at Checkout
April 24, 2024  |  Payment Methods

Splitit has launched a solution that enables banks and card issuers to offer installment plans to their customers at a merchant’s checkout. The new FI-PayLater allows financial...

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Earnings Season Commentary Points to Pressures for Lower-Income Consumers
Earnings Season Commentary Points to Pressures for Lower-Income Consumers
April 24, 2024  |  Consumer Finance

Earnings season is less than two weeks old. By and large, the data and the press releases indicate that consumers are still spending, on experiences...

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Marqeta and OakNorth Team to Offer SMBs Commercial Cards
Marqeta and OakNorth Team to Offer SMBs Commercial Cards
April 24, 2024  |  SMBs

Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth. The collaboration will see Marqeta offer a commercial card for OakNorth’s business banking clients, with the...

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Foot Locker Begins Rollout of ‘Store of the Future’
Foot Locker Begins Rollout of ‘Store of the Future’
April 24, 2024  |  Retail

Foot Locker has unveiled its “store of the future” in Wayne, New Jersey. This new retail format will inform the footwear and apparel retailer’s global refresh,...

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TikTok Ban Becomes Law as Social Commerce Takes Off
TikTok Ban Becomes Law as Social Commerce Takes Off
April 24, 2024  |  Regulation

President Joe Biden has signed a law banning TikTok unless it’s sold within a year. As NPR noted in its report Wednesday (April 24), the law is the largest threat...

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