News

eCommerce
Half of Luxury Shoppers Prefer Resale, and The RealReal Saw It Coming 
May 07, 2026

Luxury resale used to be a secondary consideration. The numbers say it isn’t anymore. Nearly half of luxury consumers now factor resale value into primary market purchases. Almost 60% prefer the secondary market outright. Get the Full Story Complete the form to unlock this article...

Wearables
Google Transforms Fitbit Into Health and Wellness Ecosystem
May 07, 2026

Google is revamping its health and wellness product and platform lineup. 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...

International
US and Allies Guarantee Tax-Free Streaming and Software Downloads
May 07, 2026

Nineteen countries, including the United States, have announced an agreement to not impose duties on cross-border electronic transmissions such as streaming music or films and software downloads among themselves, Reuters reported Thursday (May 7). Get the Full Story Complete the form to unlock this article...

Investments
Fazeshift Secures $22 Million to Automate Accounts Receivable Workflows
May 07, 2026

San Francisco-based artificial intelligence (AI) startup Fazeshift has secured $17 million in Series A funding to automate accounts receivable (AR) and other financial tasks, bringing its total capital raised to $22 million, according to a Thursday (May 7) press release. Get the Full Story Complete...

Banking
Citi Rebuilds Cards Around Affluent Customers and AI
May 07, 2026

Citi’s Thursday (May 7)  Investor Day presentation sketched out a bank betting on a technology-driven growth strategy, with executives demonstrating that artificial intelligence (AI) is now moving from back-office experimentation into a core operating layer across cards, payments, wealth management and consumer banking. Get the...

Fintech Investments
Kalshi Reaches $22 Billion Valuation Amid Increasing Institutional Demand
May 07, 2026

Kalshi completed a $1 billion Series F funding round that values the prediction market platform at $22 billion, according to a Thursday (May 7) company blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cross-border Payments
Overcharged and Underserved: Remitly’s New CEO Sees a Big Opening in Cross-Border Payments
May 07, 2026

Watch more: Need to Know With Remitly’s Sebastian Gunningham 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,...

B2B Payments
Mastercard Pushes Virtual Cards Beyond Payables
May 07, 2026

In a business environment defined by uncertainty, financial control is no longer just something appealing operationally. It is becoming a measurable competitive advantage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Social Commerce
Snap and Perplexity Cancel AI Integration Plans
May 06, 2026

Snap and Perplexity said Wednesday (May 6) that they amicably ended a partnership that would have integrated Perplexity’s artificial intelligence-powered answer engine into Snap’s Snapchat social media platform, The Wall Street Journal (WSJ) reported Wednesday. Get the Full Story Complete the form to unlock this...