Today on PYMNTS

Earnings
CarParts.com Stalls With Q1 Earnings Drop

After a few weeks of an earnings season marked by cautionary optimism about the...

Transportation
Bolt Technology Hiring Managers for eScooter Rentals Launch in US

Estonian company Bolt Technology OU is reportedly looking to hire managers to launch eScooter rentals in several...

Meta
Meta Unveils GenAI Tools for Business Advertising

Meta is rolling out a new way for advertisers to create marketing materials.  Businesses...

Earnings
Upstart, Like Its Customers, Remains Focused on Return to Growth 

If you are in the business of providing loans, there will always be a...

Healthcare Financing
65% of Low-Income Earners Have Less Than $500 on Hand...

More than 6 in 10 U.S. consumers who earn below $50,000 annually have less...

artificial intelligence
Report: Paris-Based Holistic Raises $200 Million to Develop AI Model

A Paris-based artificial intelligence (AI) startup called Holistic has reportedly raised $200 million in...

artificial intelligence
Pharmacy AI Set to Grow as Companies Look to Streamline

The robots are coming — to a pharmacy near you. As the world looks...

Retail
High-Income Consumers’ Rising Secondhand Purchasing Drives Luxury Consignment Growth

With high-income shoppers disproportionately growing their adoption of secondhand retail channels, The RealReal is seeing its...

Accounts Payable
Paymerang and Harris ERP Deliver AP Automation for Local Governments

Paymerang and Harris ERP have partnered to provide advanced invoice and payment automation solutions to local...

Gig Economy
Oscar Health: Gig Workers Drive Record Jump in ‘Obamacare’ Enrollment

Insurance platform Oscar Health recorded its first-ever net profit amid record customer enrollment in Affordable...

Banking
KeyBank Launches Virtual Account Management Solution for Treasury Clients

Cleveland-based financial institution KeyBank has launched a virtual account management solution for treasury management...

eCommerce
BigCommerce Unveils Open Source Version of B2B Buyer Portal

BigCommerce has debuted the business-to-business (B2B) edition of its Open Source Buyer Portal platform. The...

Consumer Insights
Budget-Strapped Consumers Are Tired of Being Asked to Tip Self-Checkout...

For financially constrained consumers, the pressure to tip is verging on the ridiculous, with...

Earnings
Live Events Take Center Stage in Consumer Spending

As consumers feel their budgets come under pressure, people continue to spring for live...

Consumer Finance
For 23% of Gen X Consumers, Paying Down Debt Is...

As the title of PYMNTS Intelligence’s most recent New Reality Check report, “The Paycheck-to-Paycheck...

Legal
TikTok and ByteDance File Suit Challenging Constitutionality of Ban

TikTok and its parent company ByteDance filed a lawsuit Tuesday (May 7) asking the court to review...

artificial intelligence
Report: Microsoft Develops Internet-Free AI Model for Spy Agencies

Microsoft has reportedly built a generative AI model designed for U.S. intelligence agencies. The development marks...

Banking
FIS Targets $200 Billion Addressable Market in Global Money Movement

At its investor day Tuesday (May 7), FIS management outlined its continuing strategy to capture share...

Acquisitions
Private Equity Firms Considering Buyout of Peloton

Private equity firms have reportedly been considering a buyout of Peloton. At least one...

Investments
Cloud Security Firm Wiz Valued at $12 Billion After Funding...

Cloud security startup Wiz has reportedly been valued at $12 billion after raising $1 billion. Co-founder...

B2B Payments
American Express GBT: Global Multinationals Increase Their Business Travel

American Express Global Business Travel (Amex GBT) saw global multinational customers increase their business travel during the...

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