News

Retail
Kohl’s Fires CEO Ashley Buchanan Over Personal Relationship With Company Vendor
May 01, 2025

Ashley Buchanan’s tenure as CEO of department store chain Kohl’s was short-lived. 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
Nvidia Accuses Anthropic of Spinning ‘Tall Tales’ About Chip Restrictions
May 01, 2025

Nvidia has reportedly criticized Anthropic over its stance on U.S. chip export restrictions. 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....

Artificial Intelligence
AI Boom Reportedly Presents $1.8 Trillion Opportunity for Private Credit
May 01, 2025

A surge in new AI projects has reportedly been good news for the private credit sector. 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...

B2B Payments
Modern Treasury Debuts AI Platform for B2B Payments
May 01, 2025

Modern Treasury has introduced what it calls the first artificial intelligence (AI) platform purpose-built for enterprise payments. 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...

B2B Payments
This Week in B2B: Rewiring Legacy Payment Rails With Stablecoins and Automation
May 01, 2025

Sleek tech is turbocharging the B2B space. And slow wires and clunky payment systems going the way of the fax machine couldn’t be happening at a better time for businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fintech Investments
VC Funding for Retail FinTech Market Drops 38% Amid Tariff Concerns
May 01, 2025

Venture capital (VC) funding for the retail FinTech market dropped 37.8% in the first quarter compared to the previous quarter, PitchBook said in a report released Thursday (May 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Poshmark Backer Uncork Raises $300 Million With AI Focus
May 01, 2025

Uncork Capital, a venture firm whose portfolio includes Poshmark and Fitbit, has raised $300 million. 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...

Payment Methods
Fiserv Processes First Card-Based Payment Transactions Under Special Bank Charter
April 30, 2025

The Georgia Department of Banking and Finance said Wednesday (April 30) that Fiserv merchant acquirer limited purpose bank (MALPB) has become the nation’s first chartered MALPB to process card-based payment transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
Rise of AI-Generated Fashion Shoots Offers Cost Savings for Retailers
April 30, 2025

A strawberry blonde model looks nonchalantly into the camera, her slender body draped in fitted white linen pants and flowing pale green blouse. She looks like one of millions of fashion models that could grace the websites of retailers and mom-and-pop eCommerce sites. Get the...