News

Retail
Retailers Rediscover ‘Just-in-Time’ Inventory After Years of Pileups
January 24, 2024

Retailers are reportedly embracing “just-in-time” inventory management once more after years of excess stock. 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...

Retail
Ebay Cuts 9% of Staff Amid Rising Competition
January 24, 2024

Online marketplace company eBay says it will lay off 9% of its workforce, citing a difficult macroeconomic environment. 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...

Banking
Meet the Neobank That Counts Only Doctors as Customers
January 24, 2024

Picture this: a 28-year-old $400,000 in debt who has never held a job.  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....

Artificial Intelligence
Shopping Beats Banking for Consumers Interested in AI-Enabled Experiences
January 24, 2024

The introduction of artificial intelligence is changing the payments industry, transforming the way consumers pay for goods and services. 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...

Retail
Zalando Doubles Down on Luxury and Exclusivity to Capture High-Earner Potential 
January 23, 2024

Zalando, the European fashion and lifestyle eTailer, is elevating the “designer experience” on its website and app by introducing a luxury boutique-style space dedicated to designer brands.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
P&G: Inflation Isn’t Keeping US Consumers From Buying More Expensive Brand Names
January 23, 2024

It turns out Procter & Gamble, the company which makes household staples like Tide detergent, Bounty paper towels, and Crest toothpaste, made more money last quarter because it raised prices on its household items, showing that even with inflation, people are still buying the company’s...

Investments
ModernFi Raises $18.7 Million to Expand Deposit Management Tools
January 23, 2024

ModernFi has secured $18.7 million in funding to bring its deposit management tools to financial institutions of all sizes.  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...

Investments
Ex-Nvidia Exec Raises $4.7 Million for Testing Tool That Can Fix AI System Flaws
January 23, 2024

RagaAI, a startup founded by tech veteran and former Nvidia executive Gaurav Agarwal, secured $4.7 million in seed funding to develop a tool that can automatically diagnose and fix flaws in artificial intelligence systems. Get the Full Story Complete the form to unlock this article...

Retail
Half of Grocers Investing in Gaining Omnichannel View of Shoppers
January 23, 2024

As grocers look to better understand their shoppers’ behavior, a PYMNTS Intelligence report finds that half are investing in the ability to track customer habits across digital and physical channels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...