News

Point of Sale
Lightspeed CEO Points to B2B Sales as Next Engine of Small Merchant Growth
May 18, 2024

Profit is the applause a business gets from its customers. So the saying, originally from business author Ken Blanchard, goes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
AI Takes Turn as Archaeology Assistant to Uncover Ancient Commerce, Trade Routes
May 18, 2024

What if Indiana Jones had been able to use artificial intelligence? With AI, Indy could have quickly analyzed ancient texts, deciphered hieroglyphics and cross-referenced historical data, speeding up his research and reducing the time spent in dusty libraries. He could have been much more efficient in his...

Banking
Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America
May 17, 2024

Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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...

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...