News

Retail
Macy’s, Nordstrom Eye Private Ownership While Adapting to Retail Market
March 20, 2024

The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy’s consider a shift toward private-equity or hedge-fund ownership. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Money Mobility and Embedded Payments Recast the Concept of Banking
March 20, 2024

Ingo Payments CEO Drew Edwards told PYMNTS’ Karen Webster that the very definition of what a bank is — what it does and what it can do — is changing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Payment Methods
Embedded Solutions Spur Demand for Card-Based Installments
March 20, 2024

Colin Mellon, chief commercial officer at Splitit, told PYMNTS that installment plans, when linked to traditional card-based payments, can offer benefits throughout the commerce ecosystem. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
Fighting Fraud With AI: Part Man, Part Machine, All Cop
March 20, 2024

In financial services, technological advances open new doors and new avenues for fraud. 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
Marketplaces Focus on Loyalty Programs for Media and Telecom Sectors
March 20, 2024

Media and telecom organizations are working with payment facilitators (PayFacs), independent software vendors (ISVs) or marketplaces to make embedded finance part of their business models. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Nvidia Aims to Redefine Commerce With AI Chips
March 19, 2024

Nvidia’s latest chips could help transform the commerce industry by enabling AI applications to run faster and more efficiently, experts say.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
Why Open Source Models Could Be the Future of AI
March 19, 2024

Elon Musk’s xAI is open-sourcing its artificial intelligence (AI) chatbot, Grok, in a move that some say could democratize AI technology and foster innovation in commercial applications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
CFPB Head Puts Those Who Intend to ‘Weaponize’ Open Banking on Notice
March 19, 2024

The U.S.’s top consumer protection watchdog is on the lookout for financial services industry players hoping to game open banking for their own benefit.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Receipt Data May Be Key to More Efficient Customer Experiences
March 19, 2024

Businesses looking to keep consumers coming back by offering the most efficient customer experience may want to look to receipt data, at least if financial institutions and FinTechs have anything to say about it. Get the Full Story Complete the form to unlock this article...