News

Artificial Intelligence
Microsoft vs. Google and the Battle for AI Cloud Infrastructure
July 26, 2023

The generative artificial intelligence (AI) arms race leaderboard is neck and neck. 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...

eCommerce
Shopify Credit Adds Business Credit Cards to Streamline Small Business Working Capital Processes
July 26, 2023

Small and medium-sized businesses (SMBs), which play a crucial role in powering the U.S. economy, are facing increasing difficulties in accessing working capital and other financing.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
LVMH Reports Unexpected Slowdown 
July 26, 2023

During the second quarter of 2023, LVMH’s portfolio brand Loewe secured the top spot on Lyst Index — a quarterly report that considers Lyst shoppers’ behavior, which includes searches on and off the platform, product views, and sales data.   Get the Full Story Complete the form...

Social Commerce
Snap’s Global Expansion Shows Promise, but Revenue Tells Different Story
July 26, 2023

Quarter after quarter, retailers have been singing the same old song, citing macroeconomic challenges as the hook. While the hook remains the same, there’s a new verse being added: U.S. consumers aren’t spending.  Get the Full Story Complete the form to unlock this article and...

Artificial Intelligence
Big Tech’s ‘Frontier Model Forum’ Tackles ‘Responsible AI’
July 26, 2023

Four Big Tech companies have formed a group focused on responsible artificial intelligence (AI) development. 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,...

Retail
Walmart Counters Amazon’s Travel Offering With Expedia Partnership
July 26, 2023

Walmart is working with Expedia to offer Walmart+ members deals on travel. 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,...

Social Commerce
X Offers Discounts and Incentives to Win Back Advertisers
July 25, 2023

X, the social media platform formerly known as Twitter, is reportedly trying to gain back advertisers. 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...

Regulation
UK’s CMA Finds HSBC Failed to Share Payment Transaction Histories
July 25, 2023

The U.K.’s Competition and Markets Authority (CMA) has found that HSBC has breached an order that requires banks to send payment transaction histories to some customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Grasshopper and Cable Debut Financial Crime Prevention Testing Platform
July 25, 2023

Digital bank Grasshopper has partnered with Cable to equip its clients and Banking-as-a-Service (BaaS) platform with automation and technology for financial crime assurance, testing and oversight. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...