News

Retail
Abercrombie & Fitch: Improved Omnichannel Experience Drives Record Results
May 29, 2024

Abercrombie & Fitch reported record first-quarter earnings results Wednesday (May 29), attributing the gains in part to increased marketing spend and an improved omnichannel experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Food Delivery Platforms Lose $20 Billion as Diners Cut Back
May 29, 2024

Food delivery platforms have reportedly seen more than $20 billion in losses since going public. 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,...

Loyalty & Rewards
New Data: Card-Linked Offers Improve Relevance and Value
May 29, 2024

Consumers who use card-linked shopping offers, which provide special savings or rewards attached to a merchant or product, return for more — most do. But what about the 21% of past users who never return? PYMNTS Intelligence finds that if those who used these offers...

Payments Innovation
Unattended Payments Shape the Future of Retail Transactions
May 29, 2024

Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations. 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....

Payments Innovation
Thredd’s McCarthy Gets Down to the Business of FinTech
May 29, 2024

Defining “payments modernization” is no easy task. 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 agree...

Artificial Intelligence
Former OpenAI Board Member Helen Toner Details Reasons for Sam Altman’s Firing
May 28, 2024

The OpenAI board members who fired Sam Altman in November 2023 reportedly did so because, “We just couldn’t believe things that Sam was telling us.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Five Things to Watch as Synapse Bankruptcy Impact Shakes Up FinTechs
May 28, 2024

At this writing, on Tuesday (May 28), the ripple effects of Synapse’s bankruptcy keep rippling. But with each filing, with the reports that customers can’t retrieve their money, that sponsor banks and other FinTechs have walked away from relationships with the funds … and even...

Artificial Intelligence
Faircado Raises $3.3 Million for AI-Powered reCommerce Platform
May 28, 2024

Faircado has raised €3 million (about $3.3 million) to continue building its artificial intelligence (AI)-powered reCommerce platform. 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...

Artificial Intelligence
Caseware Launches AI-Powered Auditing Tool
May 28, 2024

Financial reporting solutions firm Caseware International is unveiling a digital assistant. 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...