News

Cross-border Payments
Cyber and Data Risks Top List of International Growing Pains
May 26, 2023

Good people have always been the key to good business. 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
India’s XFlow Raises $10.2 Million to Expand Cross-Border Payments Solution
May 26, 2023

XFlow has raised $10.2 million in a pre-Series A round to expand its cross-border payments solutions. 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,...

Retail
Klarna Says Shoppers Want Recommendations Rather Than Search Results
May 26, 2023

Klarna aims to lead a shift in purchases from search to recommendations. 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...

Retail
Foot Locker Embraces Localization Strategy Through Small Concept Stores 
May 26, 2023

Despite facing challenges in the first quarter due to changes in Foot Locker’s physical presence, brand assortment, digital initiatives, and omnichannel strategies, the retailer is using concept stores as experimental spaces to explore localization in a bid to make deeper customer connections.   Get the Full...

Retail
Ulta Beauty Reports Strong Sales Growth Despite Dealing With Retail Theft  
May 26, 2023

Ulta Beauty CEO Dave Kimbell shared the company’s first-quarter results on Thursday (May 25), highlighting a 12.3% increase in sales compared to the previous year. Same-store sales also experienced a positive growth of 9.3% over the previous year. Get the Full Story Complete the form...

Artificial Intelligence
OpenAI CEO Reverses Threat to Leave Europe Due to Regulations
May 26, 2023

OpenAI plans to continue operating in Europe, CEO Sam Altman tweeted Friday (May 26). 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...

Artificial Intelligence
Generative AI Broke the Mold
May 26, 2023

Generative AI has permanently altered how humans create new ideas and content, yet even OpenAI's own AI detector misses 74% of AI-generated content. In the inaugural issue of the “Generative AI Tracker®,” PYMNTS describes how the race is on to ensure that human-generated materials retain...

Retail
Gen Z Leads Decline in Subscription Renewals
May 26, 2023

Value may outweigh convenience when it comes to recurring subscriptions, as consumers seek any and all avenues to cut costs. 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
Nvidia’s Chips and OpenAI’s Cash Help Fast Track Generative AI’s Future  
May 25, 2023

Among the best ways to gauge the interest in, and evolution of, new technology is to follow the money. 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...