News

eCommerce
High-Income Shoppers Likeliest to Abandon Carts Online
May 30, 2024

As shoppers engage with eCommerce channels, high-income consumers prove, perhaps counterintuitively, to be the most likely to ditch their would-be purchases without completing the transaction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Grab Teams With OpenAI to Integrate AI in Ride-Hailing, Delivery Business
May 30, 2024

Ride-hailing and delivery company Grab partnered with artificial intelligence firm OpenAI to upgrade its app and integrate AI across its business Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Mangopay Debuts AI-Powered Fraud Prevention Solution
May 30, 2024

Payment infrastructure provider Mangopay introduced an artificial intelligence-powered anti-fraud tool. 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...

Banking
J.P. Morgan Adds Fractional Shares Capability to Self-Directed Investing Experience
May 30, 2024

J.P. Morgan has enhanced its Self-Directed Investing experience, adding new features to provide clients with better tools and resources for making informed investment decisions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
May 30, 2024

As consumers prove more cautious about their discretionary retail spending, Best Buy is seeing shoppers hold off until sales events to make big purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Digital Banking
Jio Financial Services Launches Digital Banking App in India
May 30, 2024

Jio Financial Services launched its JioFinance app in beta mode, saying it aims to advance digital transformation and enhance the “financial well-being of every Indian.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
RBI: Online Payment Fraud in India Surges 400% in a Year
May 30, 2024

According to a new report from the Reserve Bank of India (RBI), digital payments fraud in the country grew 14.57 billion rupees ($175 million) in the year ended March 2024 from a year ago. Get the Full Story Complete the form to unlock this article...

Delivery
Amazon Prime Air Receives FAA Approval to Expand Drone Delivery
May 30, 2024

Amazon Prime Air has been granted approval by the Federal Aviation Administration (FAA) to expand its drone delivery operations. 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
Security Experts Wary of OpenAI’s Safety Play
May 30, 2024

OpenAI is making a move with its next-generation artificial intelligence model, but the company’s newly formed safety committee has some experts raising eyebrows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...