PYMNTS News

Synchrony to Acquire Ally Financial’s POS Financing Arm
Synchrony to Acquire Ally Financial’s POS Financing Arm
January 19, 2024  |  Acquisitions

Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally’s point-of-sale financing business.  This acquisition includes $2.2 billion of loan receivables and relationships with...

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Consumers Turn to Social Media Platforms for Secondhand Products as Resale Partnerships Surge
Consumers Turn to Social Media Platforms for Secondhand Products as Resale Partnerships Surge
January 19, 2024  |  Retail

As the economy continues to grapple with rising prices and inflationary pressures, consumers are adjusting their purchasing habits to cope with the erosion of their...

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LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach
LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach
January 19, 2024  |  Cybersecurity

LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to...

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3 in 10 Convenience Stores Look to Smart Shelf Tags to Keep Shoppers Engaged
3 in 10 Convenience Stores Look to Smart Shelf Tags to Keep Shoppers Engaged
January 19, 2024  |  Retail

As connected technologies take over brick-and-mortar stores, convenience retailers are increasingly seeing smart shelf tags as key to providing a positive shopper experience. By the...

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7-Eleven Takes on Restaurant Aggregators With Food Delivery App
7-Eleven Takes on Restaurant Aggregators With Food Delivery App
January 19, 2024  |  Mobile Applications

As convenience stores look to gain share of consumers’ meal spending from restaurants, 7-Eleven is building its in-house delivery app into a billion-dollar business. On...

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Amazon Lays Off 5% of Buy With Prime Staff
Amazon Lays Off 5% of Buy With Prime Staff
January 19, 2024  |  Amazon

Amazon has made layoffs in its Buy with Prime unit, as part of its ongoing restructuring efforts. The company has laid off around 30 employees,...

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Biden Administration Brings Student Loan Debt Relief Total to $136.6 Billion
Biden Administration Brings Student Loan Debt Relief Total to $136.6 Billion
January 19, 2024  |  Loans

The Biden Administration has approved an additional $4.9 billion in student loan debt relief for 73,600 borrowers. This brings the total loan forgiveness approved by...

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Paytm Narrows Losses, Reduces Expenses With AI
Paytm Narrows Losses, Reduces Expenses With AI
January 19, 2024  |  Earnings

Indian FinTech company Paytm beat analysts’ estimates and reported narrower losses in the latest quarter. The company’s net loss for the three months through December...

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4 in 10 High-Income Consumers Worry About Becoming Too Dependent on AI 
4 in 10 High-Income Consumers Worry About Becoming Too Dependent on AI 
January 19, 2024  |  Artificial Intelligence

Artificial intelligence (AI) has become an integral part of businesses and industries, but consumers still have uncertainties about its role in their lives and careers. ...

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