Intelligent payment solutions provider WEX saw growth across its business in the third quarter as it secured new business wins and drove innovation across its segments, CEO and President Melissa Smith said in a Wednesday (Oct. 2)8 press release. WEX’s revenue increased 12.8% year over year to reach...
Mastercard wants artificial intelligence shopping agents to use tokenized versions of consumers’ chosen cards, preserving the payment preferences, rewards and controls attached to those accounts. During Mastercard’s third-quarter earnings call Thursday (Oct. 29), CEO Michael Miebach took note of arrangements that insert a separate, one-time...
EBay is leaning into generative artificial intelligence and specialized commerce to drive engagement amid double-digit revenue growth. The eCommerce marketplace reported third-quarter earnings results Wednesday (Oct. 28), showing revenue of $3.2 billion, a 14% increase. During an earnings call, management said eBay’s focus is now...
Carvana is hoping to reap the benefits of agentic commerce as it enjoys record revenues. The online used vehicle marketplace reported quarterly earnings Wednesday (Oct. 28) showing $8 billion in revenue, a 42% increase year over year. “In the last two years, we have doubled the number of...
FedEx is using its digital insights to unlock new markets, the company said in a Wednesday (Oct. 28) press release detailing its results for the quarter ended Sept. 30. The company is leveraging its data to offer visibility and supply chain management tools to customers,...
Microsoft is seeing enterprises move beyond artificial intelligence experiments toward systems that handle business processes. The company is also expanding how it charges for AI through subscriptions and usage-based billing. CEO Satya Nadella pointed to Unilever, Rolls-Royce and Austrian lender Raiffeisen Bank International on Microsoft’s...
Alphabet’s third-quarter results put a familiar fear back in focus: Big Tech’s artificial intelligence spending could outrun the earnings and cash needed to justify it. Google’s parent spent $51.4 billion on capital investments and reported negative free cash flow of $9.1 billion. But beyond the...
Borrowers who came to Happen to pay off credit cards are giving the bank additional sources of business through their savings. Happen, formerly known as LendingClub, reported that deposits grew 22% from a year earlier to $11.5 billion in the third quarter, according to earnings...
Etsy’s CEO says the company is facing an artificial intelligence (AI)-related paradox. “For Etsy, the opportunity is to use this technology to help buyers discover items that feel uniquely right for them, and to help our sellers reach more customers and grow their businesses,” Kruti...