PYMNTS Intelligence

Klarna IPO, Narrow Losses Hint at Brighter BNPL Industry Outlook

Klarna IPO, Narrow Losses Hint at Brighter BNPL Industry Outlook
Klarna IPO, Narrow Losses Hint at Brighter BNPL Industry Outlook
February 29, 2024  |  BNPL

The booming popularity of buy now, pay later (BNPL) is being reinforced by news Tuesday (Feb. 27) that Klarna — a buy now, pay later powerhouse...

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Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
February 29, 2024  |  eCommerce

Cart abandonment, a key element of increasing online conversion, poses a significant challenge for online marketplaces, retailer and brand sites. This issue is increasingly worrisome...

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Three-Quarters of Retail Customers Expect Omnichannel Coupons
Three-Quarters of Retail Customers Expect Omnichannel Coupons
February 28, 2024  |  Retail

As retailers look to secure consumers’ loyalty both online and in stores, PYMNTS Intelligence research finds that digital deals and discounts go a long way...

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Instant Tip Payouts Could Help Hotel Industry Woo Workers in 2024
Instant Tip Payouts Could Help Hotel Industry Woo Workers in 2024
February 28, 2024  |  Disbursements

The next time you check into a hotel, don’t be surprised if you can’t find personnel to greet you, help with your luggage, or put...

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Media and Entertainment Companies Go All-In on Generative AI
Media and Entertainment Companies Go All-In on Generative AI
February 28, 2024  |  Artificial Intelligence

Creativity is inherent to the media industry and crucial to understanding the industry’s openness to and enthusiasm for experimentation and innovation. Its mission to offer...

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Main Street SMBs Tap Online Channels to Drive Business Growth
Main Street SMBs Tap Online Channels to Drive Business Growth
February 28, 2024  |  SMBs

The COVID-19 pandemic has accelerated the shift to an eCommerce economy, with historically high sales in 2020 and 2021. As a result, most Main Street...

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8 in 10 Merchants Screen Potential Fraud With Same-Payment-Method Retries
8 in 10 Merchants Screen Potential Fraud With Same-Payment-Method Retries
February 27, 2024  |  Fraud Prevention

In an effort to counter false declines and prevent unnecessary losses, PYMNTS Intelligence research finds, the vast majority of merchants are encouraging consumers to reattempt...

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Nearly Half of Financial Institutions Believe Open Banking Risks Outweigh Rewards
Nearly Half of Financial Institutions Believe Open Banking Risks Outweigh Rewards
February 27, 2024  |  Security & Fraud

Nearly half of financial institution executives are concerned that open banking may not be a positive value proposition — especially in an environment of increasing...

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Perfect Corp: AR Try-On Reduces Returns for eCommerce Beauty Brands 
Perfect Corp: AR Try-On Reduces Returns for eCommerce Beauty Brands 
February 27, 2024  |  eCommerce

As eCommerce merchants look for new ways to reduce the costs and inefficiencies of returns, Perfect Corp. sees augmented reality (AR) as a key solution, mitigating...

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