News

Retail
Ralph Lauren: Demand From High-End Consumers Will Support Price Increases
May 22, 2025

Luxury lifestyle products firm Ralph Lauren plans to raise prices to cover the cost of tariffs, saying the demand it is seeing from its high-end customers will support the move. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
Citi Introduces Account-to-Account Payment Tool PayTo
May 22, 2025

Citi has debuted its PayTo initiator, a payment solution for its institutional clients. 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...

Artificial Intelligence
Microsoft’s Radical Bet Turns Windows Into an AI Playground
May 22, 2025

Microsoft is transforming Windows into an agentic AI platform, marking one of the biggest shifts in the operating system’s history as the software giant starts building the underpinnings of the new open, agentic web. Get the Full Story Complete the form to unlock this article...

Banking
Moneta Money Bank Taps Real-Time Tech to Serve Customers Faster
May 22, 2025

Moneta Money Bank, one of the largest retail banks in the Czech Republic, is using the latest technologies to reshape how it connects with customers amid competition for consumer wallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cross-border Payments
OpenFX Raises $23 Million for Real-Time Cross-Border Payments Platform
May 22, 2025

OpenFX has emerged from stealth and announced that it raised $23 million in initial funding for its real-time cross-border payments platform and settlement network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Fed, BIS See Smart Contracts Transforming Central Bank Liquidity Management
May 22, 2025

The digitization of money, and the movement to decentralized finance, begs the question: What happens to financial institutions, central banks and central banking policy? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Straight-Through or Shut Out: The Automation Reckoning Facing B2B Suppliers
May 22, 2025

Across the multitrillion-dollar global B2B market, the future of payments is arriving faster than many expected and putting pressure on suppliers to keep up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Funding Round Boosts Fitness App Strava’s Valuation to $2.2 Billion
May 22, 2025

Fitness app Strava was reportedly valued at $2.2 billion in a recent funding round. 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...

Banking
Ant International Helps HSBC Hong Kong Offer Tokenized Deposits
May 22, 2025

Ant International has teamed with HSBC on the bank’s tokenized deposit service in Hong Kong. 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...