Pymnts Quick Takes news and trends

Why Peloton’s Biggest Problem Isn’t the Hardware
Retail // August 25, 2022

The turnaround plan for Peloton prioritizes the growth of its digital offerings over its high-end bike and treadmill sales as the company looks to boost its recurring revenue and appeal to a wider user base. Get the Full Story Complete the form to unlock this...

Debit Card Fraud Spotlights FinTech Need for New ‘Money In’ Approach
Security & Fraud // August 22, 2022

Payments fraud is not just a matter of end user vulnerability — the unwitting consumer who clicks on a link or the authorized push payment that disappears into the proverbial ether after a fraudster impersonates a family member or friend via text message. Get the...

Volt Exits Banking Sector; Will Return License, Funds 
Digital-First Banking // June 29, 2022

Australian challenger bank Volt is returning more than $100 million to its estimated 6,000 customers next week and handing its banking license back to regulators after the FinTech startup failed to raise enough capital to keep growing. Get the Full Story Complete the form to...

CFPB Targets Credit Card ‘Suppressed Data’ Practices
CFPB // May 26, 2022

The Consumer Financial Protection Bureau (CFPB) announced on Wednesday, May 25 in a blog post that it has sent letters to the nation’s biggest credit card companies to question them about why they are not regularly providing data to credit bureaus on the actual monthly...

Interviews & Exclusives
13,000 Square Merchants Logged BNPL Sales in Q1

May 05, 2022
For Block, the parent company of Square, buy now, pay later (BNPL) is already paying off. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to […]

Quick Reads
Report: Walmart, Target Urge Support for Credit Card Competition Bill

September 14, 2022
Saying swipe fees for credit cards in the U.S. are seven times higher than those in Europe, more than 1,600 merchants have reportedly signed a letter urging members of Congress to vote for a bill that would boost competition among credit card networks. Get the Full Story Complete the form to unlock this article and […]

Volt Exits Banking Sector; Will Return License, Funds 

June 29, 2022
Australian challenger bank Volt is returning more than $100 million to its estimated 6,000 customers next week and handing its banking license back to regulators after the FinTech startup failed...