The Consumer Financial Protection Bureau (CFPB) has abruptly abandoned its effort to supervise Google Payment, unraveling a marquee Biden-era bid to extend the agency’s reach into Silicon Valley and lifting a potential compliance burden from parent company Alphabet. The policy U-turn surfaced in a Wednesday...
OpenAI is making a strong play for the consumer market with the hiring of Instacart’s CEO to oversee its applications business — a signal that the company is more than just an artificial intelligence (AI) model builder. Get the Full Story Complete the form to...
Affirm is partnering with Costco to offer online shoppers the option to pay over time for transactions. 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...
Peloton Interactive reported strong results Thursday (May 8) for the third quarter, surpassing guidance on key metrics and showcasing progress on profitability. The company also raised its full-year fiscal 2025 guidance across several key financial measures. Get the Full Story Complete the form to unlock...
Bitcoin rose beyond $100,000 Thursday (May 8) for the first time in three months. 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...
Top executives from OpenAI, Microsoft, AMD and CoreWeave urged lawmakers at a U.S. Senate hearing Thursday (May 8) to support the nation’s artificial intelligence efforts through “light-touch” regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Americans have a bleak outlook about their financial futures, new Federal Reserve data shows. 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...
Macro uncertainty abounds, but Shopify’s first-quarter earnings results showed double-digit growth in gross merchandise volumes (GMV) and a continued movement toward streamlined checkout online and further inroads made in offline commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Payments tech company CPI Card Group has acquired payment card solutions company Arroweye. 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....
