News

Payments Innovation
From Paper Trails to Digital Footprints: The Ongoing Evolution of Payments
September 08, 2023

In today’s digital age, money talks in bytes, not bills.  And PYMNTS has been closely tracking the “What’s Next” in digital payment trends as money movement increasingly evolves from greenbacks to screen taps.  That’s because traditional and legacy payment systems are primed for an upgrade...

Artificial Intelligence
Casey’s Rolls Out Voice AI as Convenience Stores Take on QSRs
September 08, 2023

In convenience stores’ ongoing push to gain share from quick-service restaurants (QSRs), Casey’s General Stores is turning to voice ordering technology. The convenience retailer, which has more than 2,500 locations, announced Wednesday (Sep. 6) that it is rolling out a conversational artificial intelligence (AI) from...

Retail
Nike, Macy’s and Pinterest Embrace Shopping’s Not-So-Secret Ingredient 
September 08, 2023

From fashion to advertising and beyond, companies increasingly recognize the importance of representing a diverse range of body types, skin tones and backgrounds in their marketing and products. This shift toward inclusivity is a response to societal changes and a strategic move to engage a...

Retail
Does Fashion Have a Future in the Grocery Aisle?
September 08, 2023

For generations, supermarkets have played a fundamental role in our daily routines, serving as a convenient destination to find all our grocery and household needs in one place.   These retail juggernauts have consistently transformed themselves to align with shifting consumer tastes and market dynamics. One...

Retail
Retail Industry Faces Resignation Rate Surge Among Part-Time Workers
September 08, 2023

Turnover among part-time employees in the retail industry has reportedly skyrocketed since the pandemic. Before 2020, the turnover rate stood at around 75%. Since then, the rate has leaped to 95%, Bloomberg reported Friday (Sept. 7), citing data from Korn Ferry. The report attributed the...

Artificial Intelligence
Navigating the Multi-Headed Opportunity That is Gen AI
September 08, 2023

Generative artificial intelligence (AI) is a tool — not a sentient sci-fi creature. But as the tool becomes increasingly commercialized across today’s operating landscape, and increasingly integrated into the workflows and outputs of various sectors, the risk that AI might run afoul of existing technology...

IPO
Partnerships and New Tech Announcements Dominate as FinTech IPO Slips 0.9%
September 08, 2023

Earnings season has trailed off — and now come the headlines focused on technology, partnerships and entry into new markets as FinTechs continue to try and disrupt everything from lending to embedded payments. To that end, the FinTech IPO Index was down 0.9% in a...

Banking
FDIC Chairman Says Banking Industry Remained Resilient in Q2
September 07, 2023

The banking industry remained resilient while encountering a mix of challenges and positive developments in the second quarter, according to the Federal Deposit Insurance Corporation (FDIC). Despite a decrease in net income from the previous quarter, the industry maintained stable asset quality metrics and strong...

B2B Payments
Kriya and Mangopay Join Forces to Enhance B2B Payments
September 07, 2023

U.K.-based B2B FinTech firm Kriya (formerly MarketFinance) has announced a partnership with EU-based platform-specific payment infrastructure provider Mangopay. The partnership between Mangopay and Kriya will benefit both business customers and platforms, the companies said in a Thursday (Sept. 7) blog post, by giving B2B marketplaces and platforms...