Consumers are cutting back on nice-to-haves like craft supplies, and even when they do buy these items, they are increasingly choosing retail giants such as Amazon, leaving arts stores in the lurch. Craft retailer Joann announced Thursday (April 25) its emergence from bankruptcy, keeping its stores open, now to operate as...
Business solutions and services company Conduent launched an artificial intelligence-focused agreement with Microsoft. The partnership, announced in a Monday (April 29) press release, will begin by exploring generative AI use for healthcare claims management, customer service and fraud detection. “Generative AI has the power to transform how businesses and organizations...
Many middle-market businesses operate in a world of heightened uncertainty, but PYMNTS Intelligence data found that payment solutions such as virtual cards can help mitigate that uncertainty. This is one key takeaway from PYMNTS Intelligence’s recently released edition of the 2024 Certainty Project Report, “Optimizing...
New government data shows 15 million Americans still have medical bills on their credit reports. That’s according to the Consumer Financial Protection Bureau (CFPB), which notes that these bills remain in spite of changes by the three major credit bureaus. Collectively, these Americans have more than $49 billion in...
Blaize, an artificial intelligence (AI) computing company, has secured $106 million in funding. The financial infusion is set to propel the company’s efforts in advancing AI and machine learning (ML) technologies across various sectors, Blaize said in a Monday (April 29) press release. “This investment...
In a move to empower billers with more refined financial management tools, InvoiceCloud has announced the launch of a new deposit control feature within its Online Bank Direct solution. This functionality is designed to provide billers with more control over their payment processing by allowing the separation...
Domino’s said its decision to relaunch its rewards program last year is paying off. The quick-service pizza chain released quarterly earnings results Monday (April 29) showing a 5.6% increase in U.S. sales, with management pointing to the rewards program as a driver of that growth. “The program is delivering on...
UnitedHealth Group CEO Andrew Witty will testify before two Congressional committees Wednesday (May 1), addressing the cyberattack that hit the company’s Change Healthcare unit. The Senate hearing is titled “Hacking America’s Health Care: Assessing the Change Healthcare Cyber Attack and What’s Next,” while the House hearing is called “Examining the Change Healthcare Cyberattack.”...
With the agility and flexibility of direct-to-consumer (D2C) eCommerce stores, shoppers are turning to the channel to funnel their enthusiasm for seasonal moments into buying. In an interview with PYMNTS, Jim Munson, CEO of coffee brand Brooklyn Roasting Company (which operates across D2C and third-party...
