Pymtns News news and trends

CVS Enhances Omnichannel Services to Offer Customers More Connected Healthcare Experience
Earnings // February 07, 2024

CVS Health announced profitable fourth-quarter (Q4) and full-year earnings on Wednesday (Feb. 7), crediting initiatives to improve primary care and expand omnichannel health services. These efforts aim to provide consumers with accessible care options, whether in-person, virtually or at home, the company told investors on a call.  In terms...

Construction Firms Wait 94 Days on Average to Get Paid
B2B Payments // December 29, 2023

Digital technologies are being built to help solve one of the key challenges facing the construction industry: delayed payments. The construction industry’s days sales outstanding (DSO) stands at 94 days, according to “Under Construction: Improving Payments in the Construction Industry,” a PYMNTS and Ingo Money...

Webull Pulls Ahead in PYMNTS’ Provider Ranking of Personal Finance
Personal Finance // December 07, 2023

Our money is only as good as we are able to manage it. There are a growing number of tools available to help us do just that, but it can be hard deciding the best one for the job. In this edition of PYMNTS’ Provider Ranking...

Open Exchange Fined $2.7 Million for UAE Crypto Violations
Cryptocurrency // August 16, 2023

Dubai has fined cryptocurrency firm Open Exchange nearly $3 million for violating its digital asset rules. The country’s Virtual Assets Regulatory Authority (VARA) said in a regulatory notice Tuesday (Aug. 15) that a fine of 10 million dirhams (about $2.7 million) levied against Open Exchange (OPNX) in May has still...

Interviews & Exclusives
Synchrony Says KYC Will Determine Authentication’s Future

February 26, 2024
Authentication in the payments space is continuously evolving. But one constant is that any innovation needs to strike a winning balance between enhancing security and improving user experience. “Identity theft, phishing and data breaches have all become more prevalent. So, more robust authentication has become crucial to ensuring that the person is the right person […]

Quick Reads
Construction Firms Wait 94 Days on Average to Get Paid

December 29, 2023
Digital technologies are being built to help solve one of the key challenges facing the construction industry: delayed payments. The construction industry’s days sales outstanding (DSO) stands at 94 days, according to “Under Construction: Improving Payments in the Construction Industry,” a PYMNTS and Ingo Money collaboration. Those payment delays impact general contractors, subcontractors, vendors, workers […]

Open Exchange Fined $2.7 Million for UAE Crypto Violations

August 16, 2023
Dubai has fined cryptocurrency firm Open Exchange nearly $3 million for violating its digital asset rules. The country’s Virtual Assets Regulatory Authority (VARA) said in a regulatory notice Tuesday (Aug. 15) that a fine of...

Restaurant Brands International Continues Revamps as Burger King Sales Rise

August 08, 2023
Burger King’s owner is undertaking “high-quality remodels” of its restaurants following a successful quarter. Speaking during an earnings call Tuesday (Aug. 8), Restaurant Brands International (RBI) CEO Josh Kobza discussed...