News

Payments Innovation
Amid Rule 1033 Uncertainty, Banks Urged Not to Retreat on APIs
May 29, 2025

No matter what ultimately happens with the Consumer Financial Protection Bureau’s Rule 1033 (also known as the open banking rule), pay by bank is here to stay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Amazon and Walmart Hit the Wall as Shoppers Shift Spending
May 29, 2025

The intense rivalry between eCommerce titan Amazon and brick-and-mortar giant Walmart has long pitted the two companies against each other. Now, both retailers have a new challenge: Shoppers themselves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
Mercado Pago to Apply for Banking License in Argentina Amid Regional Expansion
May 28, 2025

Mercado Pago, the FinTech unit of Mercado Libre, plans to apply for a banking license in Argentina to expand the service offering of its digital model in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

eCommerce
India Asks eCommerce Platforms to Remove ‘Dark Patterns’ That Deceive Customers
May 28, 2025

India’s government has reportedly sent more than 400 notices to eCommerce platforms and retailers, asking them to remove “dark patterns” that deceive customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Meta Reorganizes GenAI Team to Accelerate Product Rollouts
May 28, 2025

Meta is reorganizing its generative artificial intelligence team to accelerate rollouts of products and features as the AI race intensifies. 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
AI Firm Chalk Valued at $500 Million After Raising $50 Million
May 28, 2025

Artificial intelligence (AI) infrastructure firm Chalk is halfway to being a billion-dollar company. 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....

IPO
OpenAI CFO: New Structure Can Pave Way for IPO
May 28, 2025

OpenAI Chief Financial Officer Sarah Friar said the company’s planned restructuring can help it go public, Reuters reported Wednesday (May 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Loyalty & Rewards
Shake Shack Launches Loyalty Program for Online and App Orders
May 28, 2025

Shake Shack is set to launch its first loyalty offering through its app and website. 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,...

Investments
Conduit Raises $36 Million to Promote Cross-Border Stablecoin Payments
May 28, 2025

Stablecoin-focused cross-border payments platform Conduit says it has raised $36 million in new funding. 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...