News

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

(source: pymnts.com)

Amazon-Walmart Rivalry for Consumer Retail Spend Turned in 2022
Amazon-Walmart Rivalry for Consumer Retail Spend Turned in 2022
April 19, 2024  |  Retail

PYMNTS Intelligence has closely watched the two leading U.S. retail giants — Amazon and Walmart — duke it out since 2019, sharing our findings in...

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Regions Bank Struggles With Expenses; Bullish on Consumer
Regions Bank Struggles With Expenses; Bullish on Consumer
April 19, 2024  |  Earnings

Two months after laying off 3% of its workforce, the Birmingham, Alabama-based Regions Bank posted disappointing Q1 earnings Friday (April 19). The southeastern regional’s results...

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This Week in AI: Proposed Federal Oversight, Cybersecurity, Gaming Development
This Week in AI: Proposed Federal Oversight, Cybersecurity, Gaming Development
April 19, 2024  |  artificial intelligence

This week in artificial intelligence (AI) news, Sen. Mitt Romney’s initiative for greater federal oversight of AI faces challenges, game developer RiseAngle is harnessing AI to...

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German Agency Criticizes EY’s Audits of Wirecard
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024  |  Security & Fraud

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations...

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Social Platforms and PayFacs Now Power the Creator Economy
Social Platforms and PayFacs Now Power the Creator Economy
April 19, 2024  |  Social Commerce

Whether it’s a viral Instagram post, an informative YouTube video, or a thought-provoking blog article, content creators are playing a pivotal role in shaping online...

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The AP/AR Modernization Mandate: From Self-Assessment to Better B2B Payments
The AP/AR Modernization Mandate: From Self-Assessment to Better B2B Payments
April 19, 2024  |  B2B Payments

Modern technology makes modern business strategies possible. And with the news on Thursday (April 18) that Mastercard is bringing its commercial cards to mobile wallets,...

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Apple Says China Ordered Removal of WhatsApp, Threads From App Store
Apple Says China Ordered Removal of WhatsApp, Threads From App Store
April 19, 2024  |  Apple

Apple has removed Meta’s WhatsApp and Threads, as well as Telegram and Signal, from its App Store in China. The company was ordered to do...

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60% of New Amex Accounts Are Opened by Gen Z, Millennials
60% of New Amex Accounts Are Opened by Gen Z, Millennials
April 19, 2024  |  Earnings

Younger, affluent consumers are showing notable resilience when it comes to spending on experiences and travel — and using their credit cards to do so....

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 The Juggling Act That Can Cost Middle-Market Firms $10 Million
 The Juggling Act That Can Cost Middle-Market Firms $10 Million
April 19, 2024  |  Regulation

This week, an official with the Financial Conduct Authority (FCA), an agency tasked with overseeing firms and markets in the U.K., compared her job to...

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