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PYMNTS News

Switzerland’s Central Bank Plans December CBDC Pilot
Switzerland’s Central Bank Plans December CBDC Pilot
November 02, 2023  |  CBDC

The Swiss National Bank (SNB) is set to begin piloting a wholesale digital franc next month. The bank, along with six other lenders from Switzerland, Germany and...

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Amazon to Close Its 2 Physical Clothing Stores
Amazon to Close Its 2 Physical Clothing Stores
November 02, 2023  |  Amazon

Amazon is closing its physical clothing stores as it shifts its focus to its online fashion shopping experience and expanding its grocery stores business. The two Amazon...

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Card-Linked Offers Drive Streaming Subscription Adoption
Card-Linked Offers Drive Streaming Subscription Adoption
November 02, 2023  |  Subscription Commerce

As streaming services raise their prices, card-linked offers can go a long way towards encouraging deal-seeking consumers to hit subscribe, PYMNTS Intelligence indicates. By the...

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FTC Alleges Amazon Deployed Secret Algorithm to Raise Prices
FTC Alleges Amazon Deployed Secret Algorithm to Raise Prices
November 02, 2023  |  Legal

The Federal Trade Commission (FTC) reportedly unveiled details of a lawsuit against Amazon Thursday (Nov. 2), accusing the eCommerce giant of employing strategies to enhance its profits. The...

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Flexibility Helps Evolve B2B Relationships as Firms Tap Digital Innovations
Flexibility Helps Evolve B2B Relationships as Firms Tap Digital Innovations
November 02, 2023  |  Commercial Payments

In challenging times, commercial firms need to get creative about the way they do business. Luckily for business-to-business (B2B) players large and small, creativity often...

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Target CEO: Stressed Consumers Trim Grocery Budgets
Target CEO: Stressed Consumers Trim Grocery Budgets
November 02, 2023  |  Retail

Target CEO Brian Cornell said the strain consumers are feeling has finally begun to impact grocery sales. Cornell said in an interview with CNBC Thursday...

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Wendy’s Sees $1.8 Billion Full-Year Digital Opportunity Amid Loyalty Growth
Wendy’s Sees $1.8 Billion Full-Year Digital Opportunity Amid Loyalty Growth
November 02, 2023  |  Earnings

Wendy’s is tapping loyalty offers and late-night delivery hours to drive digital engagement and in turn to boost sales overall. The quick-service restaurant (QSR) giant,...

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Flavrs Adds Takeout Shopping and AI-Powered Features to Food App
Flavrs Adds Takeout Shopping and AI-Powered Features to Food App
November 02, 2023  |  Connected Economy

Flavrs has added new features to its app, which pairs cooking videos with recipe data and shopping integration. “Since we started Flavrs, we’ve been busy connecting...

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CellPoint and Riskified Team to Combat Travel Sector Fraud
CellPoint and Riskified Team to Combat Travel Sector Fraud
November 02, 2023  |  Fraud Prevention

CellPoint Digital has teamed with Riskified to help battle fraud in the travel sector. The partnership, announced Thursday (Nov. 2), leverages Riskified’s fraud and risk intelligence capabilities and CellPoint’s payment...

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