News

Retail
Saks Launches Luxury Personal Shopping and Styling Service at Resorts
June 02, 2023

Saks Fifth Avenue is now offering its luxury personal shopping and styling service at resorts. 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
Shopify Launches Rewards Program for Users of Shop Pay
June 02, 2023

Shopify has launched a new rewards program for users of Shop Pay in the 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. yesSubscribe to our daily...

Retail
Chewy’s Recurring Orders Drive Growth and Investor Enthusiasm
June 02, 2023

Chewy stock experienced its most significant surge in nearly four years following the pet-products retailer’s sales performance that surpassed expectations. The company’s stock received a boost from the success of its recurring-purchase program.  Get the Full Story Complete the form to unlock this article and...

Banking
US Open Banking Regulations Will Force More Bank-FinTech Collaboration
June 02, 2023

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Loyalty & Rewards
PYMNTS Summer Loyalty Series: 95% of Ulta Beauty Sales Driven by Loyalty Members
June 02, 2023

Loyalty is a beautiful thing for consumers and retailers, and loyalty in the beauty space is doubly so, in that choice of retailers and products are deeply personal, literally modifying how we present ourselves visually to the world. That gives beauty brand loyalty unique qualities....

Artificial Intelligence
AI Helps VC Firms Cut Costs and Improve Funding Process Efficiency
June 02, 2023

From healthcare to finance and spend management, artificial intelligence (AI) continues to disrupt industries, enabling firms to cut costs, increase efficiency and unlock new growth opportunities. And it’s no different in the venture space, says Mattias Ljungman, founder at U.K.-based Moonfire Ventures.  Get the Full Story Complete the form to unlock...

IPO
FinTech IPO Index Rallies 3.4%, SoFi Soars on Optimism Over Student Loans  
June 02, 2023

The FinTech IPO Index’s 3.4% gains were outpaced this week by outsized momentum in names like SoFi, while earnings reports in other holdings continued to impact trading. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
OpenAI Takes Aim at ‘Hallucinations’ as More Businesses Integrate AI
June 01, 2023

Humanity has always tended to over-trust the computer. 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, you...

Banking
JPMorgan Chase Closing 25% of First Republic’s Branches After Acquisition
June 01, 2023

J.P. Morgan Chase will close 21 of the 84 branches of its recent acquisition, First Republic 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,...