PYMNTS News

Half of Merchants Offering Installment Plans See Increased Chargebacks as Primary Pain Point
Half of Merchants Offering Installment Plans See Increased Chargebacks as Primary Pain Point
February 02, 2024  |  Buy Now Pay Later

Split-payment plans, or installment plans as they are more popularly called, have gained momentum in the consumer commerce space in recent years. Get the Full...

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Freelancers Embrace Subscriptions for Personalized Work Tech, Says Groove CEO
Freelancers Embrace Subscriptions for Personalized Work Tech, Says Groove CEO
February 02, 2024  |  Subscriptions

As freelancing, remote employment and other new models of work emerge, coworking app Groove is seeing demand rise for subscription services that can aid consumers...

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Lawmakers Say FDIC Has ‘Moved Backwards on Innovation’
Lawmakers Say FDIC Has ‘Moved Backwards on Innovation’
February 02, 2024  |  Innovation

Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial...

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Consumer Sentiment Improves 13% to Reach Highest Level Since July 2021
Consumer Sentiment Improves 13% to Reach Highest Level Since July 2021
February 02, 2024  |  Economy

Consumer sentiment has reached its highest level since July 2021, with consumers expecting improvements in both inflation and personal incomes. Get the Full Story Complete...

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Paytm Vows to Keep Digital Wallet Working Amid Regulatory Challenges
Paytm Vows to Keep Digital Wallet Working Amid Regulatory Challenges
February 02, 2024  |  Regulation

Paytm, an India-based digital payments firm, is facing uncertainty regarding its license as the Reserve Bank of India ordered it to stop accepting deposits after...

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Cox Automotive Rolls Out Synthetic Identity Fraud Indicator for Car Dealers
Cox Automotive Rolls Out Synthetic Identity Fraud Indicator for Car Dealers
February 02, 2024  |  Fraud Prevention

Cox Automotive has added a new synthetic identity (ID) fraud indicator to its Dealertrack Compliance solution for car dealers. Get the Full Story Complete the form to...

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New Fund Flows Outpace Card Growth as Payment Networks Eye Open Banking Opportunities
New Fund Flows Outpace Card Growth as Payment Networks Eye Open Banking Opportunities
February 02, 2024  |  Earnings

Beyond the debit and credit card issuance, beyond the consumer spending, the networks see growth ahead underpinned by new payment flows. Get the Full Story...

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Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
February 02, 2024  |  Business

Online used car firm Carvana has reportedly turned around its operations and debt over the past 18 months, lifting its stock price from $5 to...

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Report: Alibaba Gauges Potential Buyers’ Interest in Brick-and-Mortar Businesses
Report: Alibaba Gauges Potential Buyers’ Interest in Brick-and-Mortar Businesses
February 02, 2024  |  Retail

Chinese tech giant Alibaba Group is reportedly considering selling several of its brick-and-mortar businesses, including grocery business Freshippo, retailer RT-Mart and shopping mall operator Intime....

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