News

Banking
UK Committee Says Banks Closed 2.7% of Small Business Accounts
February 28, 2024

More than 140,000 business accounts in the United Kingdom were closed by major banks in the last year, according to the U.K. Parliament’s Treasury Committee. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Three-Quarters of Retail Customers Expect Omnichannel Coupons
February 28, 2024

As retailers look to secure consumers’ loyalty both online and in stores, PYMNTS Intelligence research finds that digital deals and discounts go a long way toward meeting shoppers’ evolving expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
Google to Relaunch AI Image Generation Tool Within Weeks
February 28, 2024

Google teams have been working “around the clock” to fix the issues that led the company to pause access to its Gemini artificial intelligence (AI) image generation tool. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
TJX’s Gen Z Momentum Proves Youthful Shoppers’ Hunger for Deals
February 28, 2024

The TJX Companies is seeing young consumers join the mix, suggesting that Generation Z shoppers are looking for bargains. 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...

Investments
Coverdash Raises $13.5 Million to Expand Embedded Insurance Offering
February 28, 2024

Coverdash has raised $13.5 million in Series A funding to expand its embedded insurance offering. 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,...

Retail
Thrive Market CTO Says the Future of eGrocery Is Mobile
February 28, 2024

As grocery slowly catches up to other retail categories in digital adoption, Thrive Market is seeing mobile gain share. 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...

Artificial Intelligence
Lemonade Says AI Improved Insurance Loss Ratio
February 28, 2024

Digital insurance platform Lemonade said artificial intelligence helped it improve its loss ratio. 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....

Retail
Wendy’s Insists It Has No Plans to Test Surge Pricing
February 28, 2024

Wendy’s wants diners to know it’s not raising prices, despite what they may have heard. 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...

Investments
FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
February 28, 2024

Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. 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,...