News

Retail
Target Cuts Prices on Essentials Like Milk as Consumer Caution Continues
May 20, 2024

Target is reducing prices on essentials like milk and produce amid continued consumer caution. 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....

B2B Payments
Government Mandates Will Force Business Payments Modernization
May 20, 2024

Change is inevitable, and businesses that initiate change have the best opportunity to manage it. 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,...

Regulation
CFPB Supreme Court Decision Shifts Focus to Technology’s Impact on Consumer Finance
May 20, 2024

The Consumer Financial Protection Bureau (CFPB) has been validated in the aftermath of last week’s U.S. Supreme Court rejection of a challenge to its congressional funding structure. But the ongoing debate over financial regulation and consumer protection will go on and the financial services industry...

Banking
The Fed Reportedly Backing Off Tougher Capital Requirements
May 19, 2024

The tougher capital requirements the government had planned for banks may not be as tough. 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....

Point of Sale
Lightspeed CEO Points to B2B Sales as Next Engine of Small Merchant Growth
May 18, 2024

Profit is the applause a business gets from its customers. So the saying, originally from business author Ken Blanchard, goes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
AI Takes Turn as Archaeology Assistant to Uncover Ancient Commerce, Trade Routes
May 18, 2024

What if Indiana Jones had been able to use artificial intelligence? With AI, Indy could have quickly analyzed ancient texts, deciphered hieroglyphics and cross-referenced historical data, speeding up his research and reducing the time spent in dusty libraries. He could have been much more efficient in his...

Banking
Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America
May 17, 2024

Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

eCommerce
Online Sales Recede From 2023’s Year-End Splurge
May 17, 2024

The year-end-splurge online may come as no surprise. 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, you...

Artificial Intelligence
OpenAI Dissolves ‘Superalignment Team,’ Distributes AI Safety Efforts Across Organization
May 17, 2024

OpenAI reportedly effectively dissolved its “superalignment team,” which was dedicated to ensuring the safety of future advanced artificial intelligence systems. 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...