News

Retail
ThredUp CTO Says Data Turns Secondhand Retail Into Top-Shelf Experience
December 16, 2024

The resale retail sector, once considered a niche market fueled by thrifty shoppers and vintage enthusiasts, has emerged as a multibillion-dollar industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Trump Team Struggles to Find Financial Regulatory Leaders
December 15, 2024

The upcoming Trump administration is reportedly struggling to find people to head America’s financial watchdogs. 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,...

Delivery
‘I Do’ Delivered: DoorDash’s Bridal Offering Shows eCommerce Knows No Limits
December 14, 2024

Competition is a click away in commerce, and traditional barriers to purchase can send customers shopping elsewhere. 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...

Investments
Report: Databricks Close to Raising Record $9.5 Billion Amid AI Boom
December 13, 2024

Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
OpenAI Says Deployment of Telemetry Service Caused 3-Hour Outage
December 13, 2024

OpenAI said its deployment of a new telemetry service caused a three-hour outage of all its services Wednesday (Dec. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Payments Innovation
How Big Tech’s XR Push Could Redefine Both Payments and AI
December 13, 2024

The connected economy might be making a jump from end-users’ hands to their faces. 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
This Week in AI: Bots Transform Shopping as Tech Giants Roll Out Digital Assistants
December 13, 2024

This week in artificial intelligence, shopping assistants emerged across major tech platforms. 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...

CFPB
CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
December 13, 2024

Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). 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...

Artificial Intelligence
AI Shopping Bots Race to Fill Online Carts
December 13, 2024

Silicon Valley is unleashing artificial intelligence agents that can surf online stores, swipe digital credit cards and buy goods without a human lifting a finger — forcing eCommerce players to grapple with a future where the shoppers aren’t people. Get the Full Story Complete the...