News

Artificial Intelligence
LLMs Are Taking Generative AI to a Higher Level
August 04, 2023

LLMs are paving the way for innovative new AI products across sectors such as healthcare, law and finance, but all this innovation comes at a price, ranging from the cost of computing power to the societal toll of displacing workers and spreading misinformation. The “Generative...

B2B Payments
Adobe on Why the Tech Industry Is Ripe for Consumerizing Business Payments
August 04, 2023

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Digital Banking
Strategic Mergers Help Credit Unions Survive — and Thrive — in a Tough Economy
August 04, 2023

Credit unions have long occupied a specific market niche within the financial industry. CUs favor more personalized and member-focused services than their bank counterparts but typically operate on a much smaller scale. This market niche has come under threat in recent years, however, as consumers...

Loyalty & Rewards
Receipt-Level Data Keeps Brands From Flying Blind, Says Chipotle’s Loyalty Chief
August 04, 2023

Chipotle’s experience through the pandemic mirrored that of other merchants, Jason Scoggins, senior director of loyalty and CRM, told PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Wish Reports 42% Decline in Q2 Revenue, Blames Competition
August 03, 2023

The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition and a challenging business environment for the decline. Get the Full Story Complete the form to unlock this article and...

Regulation
Cuba Implements Regulations to Combat Inflation and Off-the-Books Economy
August 03, 2023

The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of the country’s economic crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
JPMorgan CEO Jamie Dimon: New Bank Capital Requirements ‘Hugely Disappointing’
August 03, 2023

The head of America’s biggest bank said new capital requirements may have slowed economic growth. 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,...

B2B Payments
LegalZoom Launches Online Accounting Solution for Solopreneurs
August 03, 2023

LegalZoom has launched an online accounting solution designed specifically for solopreneurs. 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...

Investments
Novo Secures $125 Million Facility for New Working Capital Offering
August 03, 2023

Novo has launched a new offering to help small businesses access working capital. 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....