Toast’s latest earnings suggest the restaurant technology company is entering a new phase. For years, the company focused on adding more restaurants to its platform and growing payments volume. This quarter, management made a different case: Toast believes artificial intelligence (AI) can deepen customer relationships,...
Circle’s latest earnings suggest USDC is beginning to separate from the crypto cycle just as autonomous software agents create a potentially new market for digital payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Digital lender Upstart saw loan originations jump 50% as it prepares to launch its bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
LoanDepot’s recent expansion into home equity lending paid off in the second quarter, driving unit volume growth of 25% and revenue growth of 18% compared to the first quarter, the company said in a Tuesday (Aug. 4) press release. Get the Full Story Complete the...
Pinterest set out to reinvent itself as an artificial intelligence-driven shopping destination, and its second quarter results suggest the strategy is working. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Marqeta’s second-quarter earnings call Tuesday (Aug. 4) highlighted embedded finance, multinational issuing, stablecoins and commercial payments as the company’s primary strategic growth initiatives, even as overall growth is expected to moderate in the second half. Get the Full Story Complete the form to unlock this...
Generative artificial intelligence (AI) can recommend a hotel, assemble an itinerary or suggest a cheaper travel date. It cannot independently guarantee inventory, calculate cancellation terms, authenticate a customer, manage currency conversion or settle funds with multiple suppliers. Get the Full Story Complete the form to...
McDonald’s says an attempt to lure budget-conscious consumers backfired in its latest quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
The artificial intelligence infrastructure boom helped construction equipment and engine manufacturer Caterpillar surpass $20 billion in sales and revenues in a single quarter for the first time in the company’s history. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
