Today on PYMNTS

Retail
Parents Are Buying Their Kids Experiences, Not Toys

Toy and game companies are seeing sales declines, as parents opt to spend on...

Acquisitions
Nvidia to Acquire Run:ai to Help Customers Manage AI Computing Resources

Nvidia plans to acquire Israeli startup Run:ai, a Kubernetes-based workload management and orchestration software provider. The...

Social Commerce
TikTok Suspends Rewards Program Amid EU Pressure

TikTok has suspended a rewards program on TikTok Lite amid a dispute with European Union (EU) regulators....

CFPB
CFPB Targets Mortgage Servicer ‘Junk Fees’

America’s consumer finance watchdog is targeting “junk fees” in the mortgage industry. The Consumer Financial Protection Bureau (CFPB)...

Regulation
Sell or Be Banned: Biden Signs TikTok Divesture Into Law

The clock is running out on TikTok’s U.S. ambitions. President Joe Biden on Wednesday...

Earnings
Synchrony Earnings Show Consumer Momentum, Concern Over Late Fee Rules

Synchrony Financial reported its Q1 earnings Wednesday (April 24), showing broad-based growth throughout its...

Legal
Chamber of Commerce Plans to Sue to Overturn FTC Non-Compete...

The U.S. Chamber of Commerce is blasting the FTC’s new ban on non-compete clauses. Soon after the...

Loans
Odessa Launches Originations Platform, Plans Auto Finance Suite

Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform...

B2B Payments
Nium and Thredd Launch APAC Virtual Card Partnership

Cross-border payments platform Nium and payments processor Thredd have expanded their partnership. As Thredd said in a Wednesday...

Payment Methods
Splitit Enables Banks to Offer Installment Plans at Checkout

Splitit has launched a solution that enables banks and card issuers to offer installment...

Consumer Finance
Earnings Season Commentary Points to Pressures for Lower-Income Consumers

Earnings season is less than two weeks old. By and large, the data and...

SMBs
Marqeta and OakNorth Team to Offer SMBs Commercial Cards

Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth. The collaboration will...

Retail
Foot Locker Begins Rollout of ‘Store of the Future’

Foot Locker has unveiled its “store of the future” in Wayne, New Jersey. This new...

Regulation
TikTok Ban Becomes Law as Social Commerce Takes Off

President Joe Biden has signed a law banning TikTok unless it’s sold within a year. As NPR...

Consumer Insights
Brazilian Shoppers Surpass US, UK Counterparts in P2P Payments

Despite outsized growth in Click-and-Mortar™ shopping opportunities in Brazil during the last three years,...

Ridesharing
Musk’s Master Robotaxi Plan: Giving Tesla the Uber, Airbnb Treatment

The global electric vehicle (EV) marketplace is seeing demand suffer under ongoing macro pressures....

Google
Google Cookie Phase Out Postponed Yet Again

Google has once again delayed plans to eliminate third-party cookies on its Chrome browser. The...

Cross-border Payments
Airwallex Expands Payment Acceptance Solution to US

Airwallex has expanded its payment acceptance solution to the United States. With this service, U.S.-based merchants can...

Technology
Smart Devices Lock Doors to Secure Connected Homes

As the boundaries between physical and digital spaces blur, the traditional home security landscape...

Partnerships
Uber and Klarna Team on New Payment Options for Rides,...

Uber and Klarna have joined forces to offer users new ways to pay for rides and...

Retail
Gen Alpha Consumers’ Unprecedented Connectivity Changes the Retail Media Game

As retailers look to understand their consumers, both for their own sake and the...

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