News

Banking
Chime’s Free Overdraft Feature Extended $30 Billion to Users
October 01, 2024

FinTech firm Chime says it has covered billions in overdrafts for its users. 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...

Artificial Intelligence
Gaming Firms Use AI Development Tools as Nintendo Bucks the Trend
October 01, 2024

The gaming industry is rapidly embracing artificial intelligence (AI)-powered tools, with companies like Gaxos.ai, PlayStation and Series Entertainment leading the charge. Meanwhile, Nintendo stands apart, with legendary designer Shigeru Miyamoto confirming the company has yet to make plans to incorporate AI into its game creation...

B2B Payments
Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
October 01, 2024

Old-school manual B2B payments, particularly checks, are sitting ducks for fraudsters. 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...

Retail
Rising Car Prices Could Mean Stalling Sales for Automakers
October 01, 2024

For automakers, pre-pandemic sales highs might be in the rearview mirror. 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...

Retail
Battle of the Titans: Amazon, Walmart and the Multitrillion-Dollar US Retail Market
October 01, 2024

In 2023, U.S. retail sales surged to nearly $7.25 trillion, representing a third of all consumer spending. Dominating this market are two titans: Amazon and Walmart. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Open-Source Models May Bring Businesses Greater Access to AI Tools
September 30, 2024

Open-source artificial intelligence (AI) models are rapidly closing the gap with proprietary systems, a shift that could dramatically reshape the business landscape by giving companies of all sizes access to powerful, affordable AI tools. Get the Full Story Complete the form to unlock this article...

Banking
NCR Voyix Finalizes $2.4 Billion Digital Banking Sale to Veritas Capital; Rebrands as Candescent
September 30, 2024

NCR Voyix has completed the sale of its digital banking unit, the company said in a Monday (Sept. 30) news release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
OpenAI’s Shift to For-Profit Model Changes the Game for AI Competition
September 30, 2024

OpenAI, the creator of ChatGPT, is reportedly considering transitioning to a for-profit model. This strategic pivot is reshaping the artificial intelligence (AI) landscape, raising questions about the future of AI innovation, market competition and partnerships in the tech world. Get the Full Story Complete the...

Retail
Nike Faces Headwinds: Revenue Decline Looms Ahead of Tuesday’s Earnings
September 30, 2024

As Nike prepares to report earnings for the first quarter of fiscal 2025 Tuesday (Oct. 1), the company faces significant hurdles marked by a leadership transition and shifting market dynamics. Elliott Hill will take over as CEO from John Donahoe  on Oct. 13, a move...