Новости за 09.05.2024

The B2B landscape is responsible for around $125 trillion of annual money movement. And those B2B payments are working overtime in the background to power much of the world’s economy. But even two decades and a handful of years into the 21st century, much of that transaction volume results in headaches for both buyers and suppliers […]

The number of initial claims for unemployment insurance leapt by 22,000 during the week ended Saturday (May 4). The total of 231,000 initial claims filed during the week was up from the previous week’s revised figure of 209,000, the Department of Labor (DOL) said in a Thursday (May 9) press release. The previous week’s figure was revised up by 1,000. The four-week […]

Many consumers hit their credit card limit at least sometimes, and for consumers struggling to get by financially, that percentage skyrockets. By the Numbers The December installment of PYMNTS Intelligence’s “New Reality Check: The Paycheck-to-Paycheck Report” series, “The Credit Card Use Deep Dive Edition,” drew from a survey of more than 3,200 U.S. consumers to examine their financial lifestyles […]

FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods. Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company announced in a Thursday (May 9) news release. The option will give borrowers more flexibility and convenience in managing their mortgage payments, the company said, and […]

The laws of physics dictate that for every action, there is a reaction. As Tuesday (May 14) looms, with a new rule from the Consumer Financial Protection Bureau (CFPB) slated to take effect that would drastically lower credit card late fees, several reactions might ripple across financial services. Not all of them might be desirable. The blowback might be such that […]

The Consumer Financial Protection Bureau (CFPB) said Thursday (May 9) that it will be monitoring credit card rewards programs and taking action as appropriate. This statement came as the agency released a report detailing consumers’ complaints about these programs. “Credit card companies promise upfront benefits for signing up and using their rewards card, but often […]

McDonald’s is reportedly set to modernize its marketing strategy by launching a digital marketing fund to be paid into by its U.S. franchisees. The move aims to modernize the fast-food giant’s marketing approach, enhance its competitive advantage and strengthen its position in the digital business landscape, CNBC reported Thursday (May 9), citing an internal company memo. McDonald’s did not immediately reply to PYMNTS’ request for comment. […]

In the battle for the future of shopping, Sam’s Club is betting on artificial intelligence. Since January, the Walmart-owned retailer has rolled out AI-powered checkout technology at over 120 stores. Using a combination of AI, computer vision and digital tech, Sam’s Club’s system identifies what’s in a shopping cart, confirming customers have paid for their items without requiring an associate to […]

American Express is rolling out a business credit card in Nigeria, its first such product in the country. The card offers business owners a spending limit of $10,000 and a repayment period of up to 45 days for international transactions, and comes as a result of a partnership with local neobank O3 Capital, according to a Thursday […]

Experian has launched a solution designed to further inform lending decisions and expand access to credit. The new Cashflow Attributes uses open banking insights from more than 900 income, cash flow and affordability attributes that lenders can use in their decision-making, the global information services company said in a Thursday (May 9) press release. “We […]

WhatsApp is reportedly working in China despite a years-long ban on this and other foreign messaging and social media platforms. Users of the Meta-owned messaging platform in the country said they have been able to send and receive messages without using the workarounds they normally have to employ, although it is unclear how many users can do so, Bloomberg reported Thursday (May 9). […]

InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as its latest payment processing partner. Through the collaboration, Adyen aims to increase the Cover Genius’s authorization rates of online payments by offering local payment methods in the Americas, Europe and the Asia-Pacific region, the companies said in a Thursday (May […]

Google parent company Alphabet is reportedly in continuing talks with HubSpot about acquiring that company. The companies have discussed the potential terms of a deal, although the deliberations are ongoing, there is no certainty the two companies will come to an agreement, and another potential buyer could emerge, Bloomberg reported Thursday (May 9), citing unnamed sources. Neither Alphabet nor HubSpot immediately replied to […]

Embedded lending is a credit option that many merchants and financial institutions deliver to their customers to reduce friction and streamline purchasing. As consumers go through checkout — either in-store or online — they might be invited to cover the cost of the purchase with a new credit card. Or they may be given the option to use buy now, pay […]

If you take your hands off the wheel, you might crash.  That proverbial piece of advice, commonly leveled at business leaders and managers, has taken on a new meaning in light of the U.S. Department of Justice‘s (DOJ) investigation revealed Wednesday (May 8) into electric vehicle (EV) automaker Tesla’s Autopilot and Full Self-Driving (FSD) systems.  The EV giant, […]

Amazon will launch a dedicated online store in Ireland in 2025. The new Amazon.ie will offer more products from Irish businesses; low, local prices; and no additional customs charges, the company said in a Wednesday (May 8) press release. “This underscores our continued commitment to Ireland and will bring a wide selection of great value products with fast delivery to Irish customers, […]

NCR Voyix’s first-quarter earnings results took note of strength in customer conversions to its commerce platform and growth in digital banking and the adoption of self-checkout technology to help streamline customer interactions, especially in retail. CEO David Wilkinson said on a Thursday (May 9) conference call with analysts that the company is making progress converting customers to its platform and now has approximately 61,000 retail […]

Economic challenges have consumers pulling back on full-priced purchases, but Allbirds maintains that, if products are novel and relevant enough, shoppers will spring for non-discounted goods. On a call with analysts Wednesday (May 8) discussing the footwear and apparel company’s first-quarter 2024 financial results, CEO Joe Vernachio said the company is pulling back on deals […]

The Manhattan District Attorney’s Office indicted a business and two individuals as part of an effort to fight organized retail theft. District Attorney Alvin Bragg announced the indictment of Bibi Rehana Khan, 54, Aaron Khan, 40, and Rehana’s Cosmetics, alleging that they possessed more than $1 million in stolen goods and served as a retail theft fencing operation, the […]

In November 2000 the Nasdaq was at the 6,000 mark, just starting to shed the internet companies that had been overvalued and would eventually lead to the bursting of the internet bubble. Amazon’s stock price at the time was $1.25. And in this environment, it launched an online experience for sole proprietorships and small business […]

Banks and corporates by and large showed cautious optimism regarding consumer spending during the first-quarter earnings season. Now, the operative question surrounds the use of credit for the balance of Q2 and the rest of 2024. Will consumers want to borrow to maintain their spending? Will lenders accommodate them if they do? As Versatile Credit […]

Despite ongoing efforts to educate consumers on protecting themselves against financial crime, increasing authorized fraud and scam instances are nightmares for banks and their customers. Authorized fraud, which targets customers or bank employees, is particularly troubling. PYMNTS Intelligence finds that 43% of the fraudulent transactions that financial institutions (FIs) report are authorized fraud. Product and […]

The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost businesses $273 billion in 2023 — representing nearly 14% of total construction costs, up from 12% in 2022. Partly to blame is the construction sector’s […]

Porch Group has found that unique data provided by its home services software and partnerships has enhanced its underwriting of homeowners insurance and boosted its results. During the first quarter, the company reduced its GAAP net loss to $13.4 million, down from $38.7 million in first quarter of 2023, and improved its adjusted EBITDA loss to $16.8 million, […]

Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue. Robinhood’s profit for the first quarter stood at $157 million or 18 cents per share, surpassing expectations of 6 cents per share, Reuters reported Wednesday (May 8), citing data from LSEG. This also marked an improvement from the same […]