News

Artificial Intelligence
53% of Consumers Say They’re Wary of GenAI
September 03, 2024

As generative artificial intelligence begins to make its way into more parts of consumers’ daily lives, many are skeptical of the technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

News
They Said That: Notable Quotables From the Last Week of Summer 2024
September 02, 2024

Cue the Beach Boys and Jimmy Buffett. It’s the last week of summer, and while a lot of the banking and payments world was on vacation, we were busy covering development in everything from AI to zillennials. Here’s a sample of notable quotables from the...

eCommerce
Temu Parent Accumulates $38 Billion Cash Stockpile
September 01, 2024

PDD Holdings, owner of eCommerce firm Temu, is reportedly sitting on $38 billion in cash. 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,...

Artificial Intelligence
Ex-Google CEO Schmidt Joins Magic’s $320 Million Raise to Develop AI Coding
August 30, 2024

Magic raised $320 million from a group of investors that includes former Google CEO Eric Schmidt to build an artificial intelligence coworker for AI research and code generation, the company said in a Thursday (Aug. 29) blog post. Get the Full Story Complete the form...

Payment Methods
Wirex Launches Blockchain-Based Network With 80 Million Merchants
August 30, 2024

Wirex has launched its mainnet, making its decentralized payment method, Wirex Pay, live and ready to use. 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...

Investments
Bridge Raises $40 Million for Global Stablecoin-Based Payments Platform
August 30, 2024

Bridge reportedly raised $40 million to support its efforts to build a stablecoin-based payments platform designed to simplify global money movement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Ulta Beauty Store Sales Hit by Increased Competition and Market Shifts
August 30, 2024

Amid escalating competitive pressures, Ulta Beauty is facing a challenging retail environment that impacted its store performance in the second quarter, according to earnings results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Decoding Cybersecurity: Understanding FedRAMP and ISO 27001 Standards
August 30, 2024

Contemporary businesses operate in an era marked by surging cyberthreats and data breaches. 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....

Security & Fraud
Singapore Considers Bill Allowing Police to Stop Transfers to Scammers
August 30, 2024

Singapore is considering a bill that would allow police to order banks to temporarily prevent people from sending money to scammers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...