Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s credit statement viewed by PYMNTS: “Effective October 10, 2024, you will not be able to...
At a time when its competitors were announcing new grocery options by the hundreds, Grubhub appeared to be hanging back. Still, as it enters the fray, the aggregator sees a path to quickly regain its competitive footing. In an interview with PYMNTS, Craig Whitmer, vice...
As consumers continue to face financial pressures, many are shifting away from credit payments for retail purchases, instead playing it safe with debit. By the Numbers A PYMNTS Intelligence study in April for the Last Transaction Report series surveyed 1,730 United States consumers who bought...
Economic growth in China reportedly fell to its slowest pace in five quarters. The surprise slowdown came as a decline in consumer spending hamstrung an increase in exports, Bloomberg reported Monday (July 15). Gross domestic product grew 4.7% year over year in the second quarter,...
July 17, 2024
At a time when its competitors were announcing new grocery options by the hundreds, Grubhub appeared to be hanging back. Still, as it enters the fray, the aggregator sees a path to quickly regain its competitive footing. In an interview with PYMNTS, Craig Whitmer, vice president of new verticals at the Just Eat Takeway.com-owned on-demand […]
July 02, 2024
As ongoing financial pressures make it harder for mid-market retailers to compete, without the scale of industry giants or the close customer connections of mom-and-pop shops, these merchants are forced...
June 12, 2024
The headline number on inflation indicates a slight cooling of the pace of rising prices, at least in May. But the data released Wednesday (June 12) by the U.S. Bureau...
June 11, 2024
The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements...
July 17, 2024
Amazon Prime Day’s opening day reportedly generated $7.2 billion in U.S. sales. That’s according to a report Wednesday (July 17) by Reuters, citing data from Adobe Analytics. That data, the report said, also showed a massive increase in back-to-school spending, which jumped 210% compared to daily sales levels in June. Adobe said total online sales […]
July 17, 2024
Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s...
July 15, 2024
Economic growth in China reportedly fell to its slowest pace in five quarters. The surprise slowdown came as a decline in consumer spending hamstrung an increase in exports, Bloomberg reported...
July 11, 2024
PepsiCo’s snack food revenues dipped during its latest quarter as consumers continued to exercise caution. The food and beverage giant released second-quarter earnings results Thursday (July 11) showing revenue growth...
