Pymnts News news and trends

Government Asks Court to Vacate Order Blocking Access to Treasury’s Payment System
Legal // February 10, 2025

The President Donald Trump administration reportedly said in a Sunday (Feb. 9) court filing that a judge’s order blocking the Elon Musk-led Department of Government Efficiency (DOGE) from accessing Treasury Department payment systems also prevents Treasury Secretary Scott Bessent from doing his job. In its...

Meta Workforce Reductions Expected to Continue Through February
Meta // February 10, 2025

Meta began notifying employees affected by its previously announced job cuts on Monday (Feb. 10). The company’s emails notifying those who were being let go marked the beginning of a process that is expected to continue through the end of Meta’s performance cycle that goes...

CFPB in Limbo — Should FinTechs and Banks Stay the Course?
CFPB // February 10, 2025

The phrase “manic Monday” is getting a pretty good workout these days. Far from being a cute top 40 song from the ’80s, the ongoing drama at the Consumer Financial Protection Bureau (CFPB) has put a new spin on catching up with the weekend news....

FTC Names General Counsel and Heads of Consumer Protection and Competition Bureaus
Regulation // February 10, 2025

The Federal Trade Commission has a new general counsel and two new heads of bureaus. FTC Chairman Andrew N. Ferguson announced the appointments Monday (Feb. 10). The new director of the FTC’s Bureau of Consumer Protection is Christopher Mufarrige, a consumer protection lawyer who served...

Interviews & Exclusives
Bookshop.org Steps Into the eBook Market to Empower Local Bookstores

February 10, 2025
In a world where eBooks are gaining popularity, traditional bookstores face an uphill battle to stay relevant. While Amazon continues to dominate the digital book market, independent bookstores have struggled to adapt to the shift. But one company is determined to change the narrative. Bookshop.org, an online platform that has long championed local bookstores, is […]

CFPB in Limbo — Should FinTechs and Banks Stay the Course?

February 10, 2025
The phrase “manic Monday” is getting a pretty good workout these days. Far from being a cute top 40 song from the ’80s, the ongoing drama at the Consumer Financial...

US Merchants Need to Adapt Quickly to a Mobile-First Future — Here’s Why

February 10, 2025
Consumers in the U.S. are increasingly mobile-first shoppers. Reaching for their phones has become a normal part of their shopping experience. This goes beyond just making online purchases. The average...

Retail’s Digital Tipping Point: Payments Plus Rewards With a Lot More Mobile

February 10, 2025
Before the pandemic pushed us all to live life electronically, going shopping was an active pursuit. Consumers browsed, budgeted, planned, and even dressed up to go to the mall for...

Quick Reads
Government Asks Court to Vacate Order Blocking Access to Treasury’s Payment System

February 10, 2025
The President Donald Trump administration reportedly said in a Sunday (Feb. 9) court filing that a judge’s order blocking the Elon Musk-led Department of Government Efficiency (DOGE) from accessing Treasury Department payment systems also prevents Treasury Secretary Scott Bessent from doing his job. In its filing, the government argued that the temporary restraining should be […]

Meta Workforce Reductions Expected to Continue Through February

February 10, 2025
Meta began notifying employees affected by its previously announced job cuts on Monday (Feb. 10). The company’s emails notifying those who were being let go marked the beginning of a...

FTC Names General Counsel and Heads of Consumer Protection and Competition Bureaus

February 10, 2025
The Federal Trade Commission has a new general counsel and two new heads of bureaus. FTC Chairman Andrew N. Ferguson announced the appointments Monday (Feb. 10). The new director of...

OpenAI and Government Officials Discuss DeepSeek Development

February 10, 2025
OpenAI has talked with government officials about what the company has learned about whether DeepSeek used data obtained in an unauthorized way from OpenAI’s technology. “We’ve seen some evidence and...