News

Banking
Lloyds Shuttering 136 Branches Amid Digital Banking Shift
January 29, 2025

British lender Lloyds is closing 136 branches as its customers choose digital financing 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 to our daily newsletter, PYMNTS Today. By...

B2B Payments
Travel Ledger Integrates Revolut to Facilitate Travel Industry B2B Payments
January 29, 2025

Travel Ledger now enables travel businesses in the United Kingdom and Europe to use Revolut’s services to automatically settle B2B payments with partners directly through the Travel Ledger platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
The Business of Aging: How AI Is Reshaping Long-Term Care Economics
January 29, 2025

Long-term care in the United States isn’t just for grandma and grandpa anymore. 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....

POS Innovation
Salesforce Wants to Jumpstart Retail Innovation With POS Built on GenAI
January 29, 2025

Retailers, particularly post-COVID, are operating in a world where the lines between physical and digital commerce have permanently blurred. Consumers no longer see channels; they see convenience.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Payments Innovation
Cross-Border Market Share Will Depend on Instant Decisions
January 29, 2025

Cross-border payments had, for decades, been done by wire — where it had taken days to settle an international fund flow. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
FTC Sends Refunds in Case Alleging Concealment of Negative Reviews
January 28, 2025

The Federal Trade Commission (FTC) is sending nearly $2.4 million to customers of fast-fashion retailer Fashion Nova, which the agency alleged prevented negative reviews from being posted on the company’s website. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Artificial Intelligence
AI Startups: LinkedIn Co-Founder’s Cancer Drug Venture, Intel Invests in Chiplets
January 28, 2025

This week in artificial intelligence startup news, Manas AI was created with the goal of shortening cancer drug development timelines, and Intel invested in chip company Baya Systems. Meanwhile, ElevenLabs raised $250 million, and Synthesia raised $180 million. Get the Full Story Complete the form...

Retail
Sephora, Retail Division Drive LVMH’s Q4 Performance Amid Luxury Market Headwinds
January 28, 2025

As the sector’s global sales have slipped in recent years, luxury retail giant LVMH Tuesday (Jan. 28) reported a 1% rise in its fourth-quarter sales and 1% organic growth for 2024. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cross-border Payments
What Treasury Teams Can Learn From Central Banks’ Tokenization Projects
January 28, 2025

For decades, wholesale cross-border payments have meant snail-paced bank wires, money squirreled away across sprawling correspondent banking networks, and the accumulation of enough fees that Scrooge McDuck could swim in them.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...