Новости за 23.07.2024

In its earnings report released Tuesday (July 23), Spotify showcased a record-breaking second quarter, driven by features in its music offerings such as daylist and AI DJ, alongside expansions into video podcasts and audiobooks. These developments have bolstered user engagement, the company said, reinforcing Spotify’s position as a leading platform in the competitive streaming landscape. […]

Parents are spending less on retail purchases each month, as budget pressures demand cost-cutting measures. By the Numbers The recent PYMNTS Intelligence exclusive report “The Last Transaction: Family Spending Habits Reveal Merchant Opportunities in Retail and Travel” drew from a May survey of more than 2,700 U.S. consumers in conjunction with data from previous months […]

The Federal Trade Commission (FTC) is looking to learn more about companies’ use of personal data to categorize individuals and set individualized prices for the same goods or service — a practice it calls “surveillance pricing.” The regulator said in a Tuesday (July 23) press release that it sent orders seeking information from eight firms […]

Revolut is reportedly preparing a share sale that would value it at $45 billion. The British FinTech is close to a deal that would see it sell roughly $500 million in employee-owned shares, the Wall Street Journal (WSJ) reported Tuesday (July 23), citing sources familiar with the matter. The report noted that the sale is […]

Blu Financiero, a FinTech company focused on the underbanked population in Mexico, has launched a “mass market” credit card that has a 99% approval rate and can be obtained without a formal credit history. In the time leading up to the launch, the waiting list for the card grew to include more than 50,000 people, […]

As grocery shoppers increasingly seek out Click-and-Mortar™ technologies for a seamless omnichannel experience, Albertsons is seeing double-digit online growth, helped by its rewards refresh. The grocery giant, which has more than 2,200 stores across the U.S., shared in its first-quarter fiscal 2024 financial results, reported Tuesday (July 23), that it saw digital sales rise 23% […]

TerraPay says financial institutions can now send money to mobile wallets via the Swift system. The announcement Tuesday (July 23) by the money movement company applies to 2.1 billion mobile wallets worldwide, and is designed to enhance the cross-border payments experience for businesses and consumers. “Payments initiated by financial institutions over Swift will reach TerraPay’s system with speed […]

DraftKings says it plans to launch its online sportsbook in Washington, D.C. Assuming it gets the license and regulatory approval it needs, DraftKings would make the nation’s capital its 29th North American market, the company said in a Tuesday (July 23) press release. The launch is part of a partnership with D.C. United, the district’s professional men’s soccer team. […]

Toqio and Visa have partnered to provide Visa commercial cards to businesses that don’t offer financial services. With these solutions, Toqio’s corporate clients will be able to access and issue Visa commercial cards directly from its platform, which connects distributors and merchant providers with financial institutions, the companies said in a Wednesday (July 17) press release. This […]

Meta has challenged the artificial intelligence status quo by releasing Llama 3.1, unveiling a 405 billion parameter open-source model that aims to rival closed-source AI leaders. In a Tuesday (July 23) news release, Meta founder and CEO Mark Zuckerberg emphasized the company’s commitment to open-source AI, saying, “The new Llama 3.1 models are a super-important […]

Delta Air Lines’ handling of a recent mass IT outage is the target of a federal investigation. The investigation is to “ensure the airline is following the law and taking care of its passengers during continued widespread disruptions,” Department of Transportation (DOT) Secretary Pete Buttigieg wrote on X (formerly Twitter) Tuesday (July 23) morning. “All […]

As banks weighed in this month with their earnings reports, Wall Street has focused on earnings per share, investment banking revenues and the state of capital buffers and credit reserves. Here at PYMNTS, we dig into the management commentary and the filings to find out about the state of consumer spending. Digging into those materials, […]

Financial crime prevention firm Featurespace has launched a partnership with fraud detection software maker OrboGraph. The collaboration, announced Tuesday (July 23), is aimed at protecting financial services companies from check fraud. “Check fraud is a growing and concerning area of financial crime — we know banks and financial institutions are experiencing a rise in reports […]

Croissant has launched an iOS mobile app that shows consumers guaranteed resale prices on apparel and accessories while they shop at more than 100 brands and retailers. After consumers have purchased an item, they can later resell it for the guaranteed price with just a few taps and free shipping, the company said in a […]

TikTok is reportedly planning to roll out in-app shopping for users in Spain and Ireland. The launch could come as soon as October, Bloomberg News reported Tuesday (July 23), citing sources familiar with the matter. Those sources say the launch will be smaller than previously planned, though TikTok is preparing to bring its shopping portal, […]

Amazon reportedly plans to launch a paid tier of Alexa as soon as this month. The paid tier will offer a version of the voice assistant that has been dubbed “Remarkable Alexa,” is built on a new tech stack and offers greater capabilities, The Wall Street Journal (WSJ) reported Tuesday (July 23), citing unnamed sources. […]

Softened pricing, heightened labor cost, and a freight demand pullback are battering the shipping sector. And add to that dynamic operating landscape the recent delays as a result of the CrowdStrike-led Microsoft outage late Thursday (July 18). United Parcel Service (UPS) has been particularly impacted by the bearish market, reporting Tuesday (July 23) during its […]

Grubhub has jumped into the summer deals frenzy, following the lead of competitors DoorDash and Shipt, as on-demand delivery aggregators battle to capture a larger share of the seasonal market. In an effort to invigorate consumer demand during the typically slow summer months, the Just Eat Takeaway.com-owned aggregator has become the latest to announce a […]

Enterprise software firm Inrupt has introduced a digital wallet designed to hold user data. Businesses and governments, the company wrote on its blog Tuesday (July 23), can use the technology to give customers and citizens a place to store their data. “Over 60% of the world’s population is expected to use digital wallets regularly by […]

Galileo Financial Technologies now offers 3D Secure to help clients protect against card-not-present (CNP) debit and credit card fraud. The company’s new Galileo 3D Secure Access Control Server is available to clients in the United States, Canada and Latin America, Galileo said in a Tuesday (July 23) press release. “With CNP fraud on the rise, […]

Cross-border trade payments platform XTransfer has joined forces with payments firm EBANX. The partnership, announced Tuesday (July 23), is designed to streamline B2B payments in Latin America. “This collaboration will empower XTransfer’s clients — small and medium-sized enterprises (SMEs) worldwide working with imports and exports — to navigate LatAm’s digital economy with greater ease and efficiency,” the companies said in […]

Delivery Hero and its Spanish unit Glovo are under investigation by Europe’s antitrust watchdog. The European Commission (EC) announced Tuesday (July 23) that it will probe whether the relationship between the two online food delivery companies violates competition law. The EC says it is concerned that before Delivery Hero acquired Glovo in 2022 — it had purchased a minority stake in 2018 […]

Achieving success with loyalty programs often proves elusive for brands that prioritize the wrong elements. The concept of product-market fit, widely discussed in entrepreneurial circles, highlights the imperative of aligning products with market demands. Many loyalty initiatives flounder because they focus inwardly on the program mechanics rather than outwardly on understanding genuine customer needs. This […]

Cloud security startup Wiz has reportedly rejected a $23 billion acquisition bid by Google. Instead, the company will go ahead with plans for an initial public offering (IPO), CNBC reported late Monday (July 22), citing an internal memo written by Wiz co-founder Assaf Rappaport “Saying no to such humbling offers is tough,” Rappaport wrote. A […]

The eternal debate in financial services technology boils down to build vs. buy,  and whether to rip and replace core banking operations. Banks have invested a lot of time and money in those core systems — they have a lot of data there too —  and so they are loath to give up legacy tech. […]