News

eCommerce
Online Sales Recede From 2023’s Year-End Splurge
May 17, 2024

The year-end-splurge online may come as no surprise. 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 form, you...

Artificial Intelligence
OpenAI Dissolves ‘Superalignment Team,’ Distributes AI Safety Efforts Across Organization
May 17, 2024

OpenAI reportedly effectively dissolved its “superalignment team,” which was dedicated to ensuring the safety of future advanced artificial intelligence systems. 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...

eCommerce
How Businesses Can Navigate the AI Search Shake-Up
May 17, 2024

Google’s latest unveiling of artificial intelligence (AI)-powered search tools has sent ripples through the business world, prompting leaders to rethink their digital strategies. The tech giant’s new features promise to disrupt online information retrieval, leaving companies scrambling to understand and adapt. Get the Full Story Complete...

Regulation
SoLo Funds ‘Blindsided’ by CFPB Lawsuit
May 17, 2024

The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark patterns” to illegally collect fees from borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Three-Quarters of Young Consumers Favor Click-and-Mortar™ Grocery Shopping
May 17, 2024

Millennials and Generation Z consumers are not satisfied choosing between digital and physical channels to do their grocery shopping — they want it all. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Consumers Are Leaving Major Cities, Slowing Retail’s Digital Transformation
May 17, 2024

The impact of the pandemic on consumers’ geographic distribution has continued, with shoppers increasingly residing outside of major urban areas, and this trend away from cities is decelerating retail’s digital shift. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payment Methods
Consumers Opt-In for Digital Wallet Options That Manage Spending
May 17, 2024

As consumers look for simpler and more intuitive eCommerce experiences, Harvest Hosts sees providing more payment options as key to meeting shoppers’ demand to be able to control how they manage their spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
May 17, 2024

HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
CoreWeave Secures $7.5 Billion to Expand AI Infrastructure
May 17, 2024

Artificial intelligence (AI) hyperscaler CoreWeave has secured a $7.5 billion debt financing facility. 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...