PYMNTS
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Founded in 2009, PYMNTS is the source that decision-makers turn to when seeking a balanced, curated, and informed point of view on the role of payments, connected devices, and new tech in transforming how people and businesses pay, get paid and monetize their interactions. It is a recognized global leader for data, news, and insights on innovation in payments and the platforms powering the..
PYMNTS
2h ago
Overstock.com is back online, promising savings of 30% to 70% and a growing range of product categories.
The relaunch of the brand was announced in a Thursday (March 28) press release by parent company Beyond, which also owns the online retail brands Bed Bath & Beyond and Zulily.
In “phase one” of its relaunch, Overstock.com features furniture, patio, rugs and jewelry — a product assortment that complements that of the Bed Bath & Beyond business, Dave Neilsen, CEO of Overstock, said in the release.
Over the next several months, Overstock.com will add more categories ..read more
PYMNTS
2h ago
Adobe and Adyen have partnered to enable online and in-store payments for global enterprise merchants that use Adobe Commerce.
With this partnership, merchants operating on Adobe Commerce will be able to simplify and scale their customer payment experiences online, offline and across global markets, the companies said in a Thursday (March 28) press release.
“Adobe Commerce is expanding our ecosystem to support global omnichannel enterprises,” Jason Knell, senior director of content and commerce partnerships at Adobe, said in the release. “By working with Adyen, we ..read more
PYMNTS
2h ago
Gone are the days when financially constrained employees had to wait for the conventional two-week pay cycle to receive their wages.
Nowadays, earned wage access (EWA), also referred to as early, instant, or on-demand pay, is rapidly gaining popularity, granting employees access to their earned wages before their regularly scheduled payday.
Read more: The Rise of Instant Payroll Payments
This trend is consistent with insights from PYMNTS Intelligence research, indicating that real-time access to wages can be a game-changer for consumers living paycheck to paychec ..read more
PYMNTS
2h ago
Coro has secured $100 million in Series D funding to grow its cybersecurity platform designed for small and medium-sized businesses (SMBs).
The company will use the new funding to invest in its global expansion, research and development (R&D) and strategic partnerships, Coro said in a Thursday (March 28) press release.
“Now that Coro is established as a cybersecurity powerhouse for the [SMB] market, the next step on our journey is to offer this radical approach to as many organizations as possible,” Guy Moskowitz, CEO at Coro, said in the release.
Coro offers an “all-in-one ..read more
PYMNTS
2h ago
Intuit QuickBooks has added an invoice financing and line of credit offering to the small business lending options available through its platform.
The new QuickBooks Line of Credit enables small businesses to access funding from $1,000 to $50,000 and tap into the funding when and how they need it, the company said in a Thursday (March 28) press release. The loans are issued by WebBank.
“Expanding lending options for small businesses to include a line of credit gives customers another seamless funding option integrated with the QuickBooks platform, simplifying access to capital so they can focu ..read more
PYMNTS
2h ago
Many consumers are put off by social commerce, not wanting to have their social connection interrupted by product promotion.
By the Numbers
For the report “Tracking the Digital Payments Takeover: Monetizing Social Media,” PYMNTS Intelligence surveyed nearly 3,000 U.S. consumers to understand the factors driving them to shop — or not to shop — on social media, among other matters.
The study found that 57% of consumers did not look for or purchase goods and services on social media in the 30 days before being surveyed. Among the most common reasons they did not browse or make purchases via soci ..read more
PYMNTS
2h ago
With consumers looking for more frictionless authentication, retailers ranging from Whole Foods to Steak ’n Shake are adding biometric payments.
Amazon has been looking to remove friction from its Amazon One pay-by-palm capability, most recently launching an app to make signups easier, per an announcement Thursday (March 28), where consumers could previously only sign up at locations that offered the payment option.
“For retailers, the app ensures faster lines and a more frictionless in-store experience,” Dilip Kumar, vice president of AWS Appl ..read more
PYMNTS
2h ago
In life, and in commerce, it is often the little things that matter most. And as digitization changes the world, those little things are getting both smaller and more important — particularly when it comes to payments.
This, as leveraging embedded finance is emerging as a key pillar of payments innovation strategies for merchants looking to turn the benefits of a differentiated, end-to-end customer experience into a revenue driver.
By embedding financial services directly into their offerings, businesses and merchants can seamlessly integrate payment capabilities, lending solutions and other f ..read more
PYMNTS
2h ago
Visa and Alaan have partnered to provide digital expense management solutions to businesses in the United Arab Emirates (UAE) and Saudi Arabia.
The companies’ five-year strategic alliance brings together the VisaNet global payment processing network and Alaan’s artificial intelligence (AI) spend management system, the companies said in a Wednesday (March 27) press release.
“Together, we are not just offering a spend management solution; we are transforming how businesses in the Middle East manage their finances,” Parthi Duraisamy, CEO at Alaan, said in the release.
Ala ..read more
PYMNTS
2h ago
Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange.
The probe into the $20 billion-plus payments is part of efforts by the U.S. and Great Britain to crack down on sanctions evasions amid Russia’s war in Ukraine, Bloomberg News reported Thursday (March 28), citing sources familiar with the matter.
According to the report, the transaction in question traveled through Moscow-based crypto exchange Garantex using the dollar-pegged digital currency Tether.
Those transfers happened after Garantex was sanctioned by the U.S ..read more