News

Artificial Intelligence
Uber-Supported Serve Robotics Raises $30 Million for AI Robotic Delivery
August 10, 2023

Serve Robotics has completed a go-public transaction and raised $30 million in financing to support scaling its artificial intelligence (AI) powered robotic delivery experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Delivery
Cartwheel and Toast Partner to Optimize Delivery Operations for Restaurants
August 10, 2023

On-demand delivery management platform Cartwheel has integrated with the Toast Partner Ecosystem. 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. By completing this form,...

Artificial Intelligence
AI Adds Fresh Parameters to Open- vs Closed-Source Software Debate 
August 10, 2023

Since the dawn of software, there have been two types of development: open source and closed source. 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...

Retail
Instacart Expands Online SNAP Payment Acceptance Nationwide
August 10, 2023

Online grocery marketplace Instacart now accepts Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) payments throughout the entire United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
Gen AI Is Having Its iPhone 2G Moment
August 10, 2023

Generative artificial intelligence (AI) may be suffering from recency bias. 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. By completing this...

Investments
Lulu Group Raising $2.72 Billion to Reposition Business for IPO
August 10, 2023

Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of a potential initial public offering (IPO). Get the Full Story Complete the form to unlock...

B2B Payments
Visa Expands Conferma Pay Partnership to Boost B2B Payments
August 10, 2023

Visa has expanded its partnership with Conferma Pay to enhance its B2B payment offerings. 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. By completing...

Payment Methods
EMVCo Reports 12.8 Billion EMV Chip Cards In Circulation
August 10, 2023

According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation, representing a 7% uptick compared to the previous year. Get the Full Story Complete the...

B2B Payments
Suppliers Recast the Definition of B2B Loyalty
August 10, 2023

Shawn Cunningham, managing vice president and head of Capital One’s trade credit operations, told PYMNTS in a recent interview that it’s time for companies to re-think B2B loyalty. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...