News

B2B Payments
Thunes Picks Former Worldpay Exec Floris de Kort as CEO
January 10, 2024

Cross-border B2B payments firm Thunes has named a new chief executive. 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,...

Artificial Intelligence
Emerging Challenges of Generative AI in Finance
January 10, 2024

The financial services sector has long served as the proving ground for the application of emerging technologies. The current era of disruption is no exception to this history. Generative artificial intelligence (AI) represents the latest in this line of transformative technologies reshaping finance and banking,...

Retail
True Religion Takes Fashion to the Catwalk — Literally
January 10, 2024

Once seen as a symbol of luxury and style, True Religion soared to fame in the early 2000s with its unique horseshoe logo and fancy stitching on back pockets. Loved by celebrities and fashion fans, it was the go-to brand for high-end denim. But after...

Loyalty & Rewards
Two-Thirds of Shoppers Used Card-Linked Offers to Make Holiday Purchases
January 10, 2024

The 2023 holiday shopping season provided little reprieve from rising prices, and United States consumers sought ways to manage spending. This made card-linked offers especially attractive to budget-conscious shoppers. In fact, discounts and rewards were key drivers of consumer interest in and use of these...

Retail
Brunello Cucinelli: When Consumers Recognize Product Value, They Spend 
January 09, 2024

Over the past year, the focus in retail has been delivering the value that customers seek. While many assume this means offering the lowest prices, Brunello Cucinelli, a brand recognized for its understated luxury and discreet pricing, is demonstrating that if consumers perceive value in...

Retail
Walmart Aims to Become ‘Customer’s Concierge’ With Latest Retail Technologies
January 09, 2024

The future of commerce will be “customer-centric, interconnected, frictionless and consistently exceeds expectations.” 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
Digital Business Networks Alliance Launches to Oversee eInvoicing Solution
January 09, 2024

The Digital Business Networks Alliance (DBNAlliance) has been launched as a nonprofit organization to oversee the exchange framework of the Business Payments Coalition’s E-Invoice Exchange Market Pilot.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Alternative Finances
Working Capital Solutions Bridge Cash Flow Gaps for 48% of Growth Corporates in Commercial Travel
January 09, 2024

The utilization of working capital solutions among Growth Corporates in North America has transcended the conventional focus solely on investment purposes. Insights detailed in the “2023-2024 Growth Corporates Working Capital Index (WCI): North America Edition” by PYMNTS Intelligence underscores this evolution, shedding light on the...

Retail
Rent the Runway Cuts 10% of Corporate Staff 
January 09, 2024

With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff. 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...