News

Retail
Shop Talk: Grubhub’s Grocery VP Says ‘We’ll Catch Up Very Quickly’
July 17, 2024

At a time when its competitors were announcing new grocery options by the hundreds, Grubhub appeared to be hanging back. Still, as it enters the fray, the aggregator sees a path to quickly regain its competitive footing. Get the Full Story Complete the form to...

Banking
Matera Gets $100 Million to Expand Banking Software Footprint
July 17, 2024

Banking software provider Matera has landed a $100 million investment from growth investor Warburg Pincus.  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,...

IPO
Klarna Reportedly Prepping for Possible 2025 US IPO
July 17, 2024

Klarna is reportedly weighing financial advisors for its U.S. initial public offering (IPO). 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....

Loyalty & Rewards
Amex Urges Merchants to Embrace Digital Loyalty’s Hyper-Personalization Mandate
July 17, 2024

If a business doesn’t meet its customers’ needs, its competitors will be happy to. 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
OpenAI’s Push for Human-Level AI Is Underway 
July 16, 2024

Reports of OpenAI’s leap toward human-level artificial intelligence (AI) have set the business world abuzz with visions of AI-powered commerce that could rewrite global trade rules — if the tech lives up to the hype. Get the Full Story Complete the form to unlock this...

Retail
Five Below CEO Steps Down as Comparable Sales Slip
July 16, 2024

Five Below has announced a leadership transition, with Joel Anderson stepping down from his roles of president and CEO, and from the board of directors, to pursue other interests. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
San Francisco Compute Co. to Build Computing Power Trading Platform
July 16, 2024

San Francisco Compute Co. has reportedly raised $12 million in an early funding round to launch a trading platform for computing power. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
AI Lays Foundation for Construction’s Financial Transformation
July 16, 2024

In the world of construction, where hammers meet spreadsheets, a new tool is emerging from the digital realm: artificial intelligence (AI). As builders grapple with razor-thin margins and complex cash flows, AI offers to reshape the industry’s financial landscape, one algorithm at a time. Get...

Payments Innovation
Temenos and Visa Partner to Provide Money Movement Solution to Banks
July 16, 2024

Banking software company Temenos has teamed up with Visa to provide the money movement solution Visa Direct to banks. 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...