- November 30, 2023
The promise of embedding payments in cross-border commerce is a multitrillion-dollar opportunity, Amit Agarwal, Global Co-Head of Payments and Receivables, Treasury and Trade Solutions (TTS) at Citi, told Karen Webster.
But for ...
- November 30, 2023
“I’d like to believe that I’ve spent my career making travel more accessible,” Jon Gray, CEO of RVshare, told Karen Webster in the most recent “Matchmakers” installment.
From his vantage point ...
- November 30, 2023
After a year filled with surprising developments, Farfetch appears to be continuing its trend of unexpected moves. The online luxury retailer revealed this week that it will not be disclosing ...
- November 30, 2023
With knowledge comes power, and that fact is particularly true when using artificial intelligence (AI).
After all, knowing how an innovation works is essential for leveraging it effectively and discerning its ...
- November 29, 2023
Specialty discount retailer Five Below said it is driving sales by offering customers both value and fun.
The company has been finding “new, disruptive products at extreme value” and promoting them through its ...
- November 29, 2023
Amazon Web Services (AWS) has introduced an artificial intelligence (AI)-powered image generator.
The Amazon Titan Image Generator was unveiled Wednesday (Nov. 29) and is available in preview, AWS said in a Wednesday press ...
- November 29, 2023
The companies developing the newest generational artificial intelligence (AI) tools are hoping to change the world.
Some of them are even trying to change the way that businesses are governed.
Silicon Valley’s 72-hour ...
- November 29, 2023
House Financial Services Committee (HFSC) Chairman Patrick McHenry of North Carolina said Wednesday (Nov. 29) the Consumer Financial Protection Bureau (CFPB) is serving as a political actor rather than an ...
- November 29, 2023
The Department of the Treasury is seeking expanded powers to combat the use of digital assets in illicit finance.
The department provided Congress with recommendations Tuesday (Nov. 28) to expand its ...
- November 29, 2023
Humana and Cigna are reportedly in talks for a potential merger that could reshape the health insurance industry.
A deal could be finalized by the end of the year, The Wall Street Journal ...
- November 29, 2023
In today’s digital-first economy, online shopping has become increasingly popular across various sectors. However, when it comes to online grocery shopping, there is a gender divide.
The PYMNTS Intelligence study “ConnectedEconomy™ ...
- November 29, 2023
Family Dollar’s parent company is evaluating the chain following a decline in spending among lower-income shoppers.
Dollar Tree CEO Rick Dreiling made that announcement Wednesday (Nov. 29) after the company’s third-quarter earnings showed Family Dollar falling short ...
- November 29, 2023
Kitchen United has shut down its in-Kroger omnichannel food halls, begging questions about the future of new in-grocery-store restaurants.
The food service company, which specializes in ghost kitchens and provided Kroger ...
- November 29, 2023
The aggregate net income for the 4,614 Federal Deposit Insurance Corporation (FDIC)-insured institutions during the third quarter was $68.4 billion, representing a 3.4% decrease from the previous quarter.
The decline in ...
- November 29, 2023
Foot Locker saw strong financial results over Thanksgiving weekend, and the sneaker and sportswear retailer decided to make a quick pivot in its full-year forecast, showing slightly improved sales trends ...
- November 29, 2023
Pet care marketplace Rover is set to be acquired by private equity firm Blackstone for $2.3 billion.
“We are thrilled for this next chapter in the Rover story and look forward to the partnership with ...
- November 29, 2023
Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch.
The company made that announcement Wednesday (Nov. 29) following the news that Farfetch could be considering becoming a private company, Reuters reported.
Those ...
- November 29, 2023
Nuvei has launched its new card issuing solution in 30 markets worldwide.
This offering allows Nuvei clients to provide their customers, employees or contractors with both physical and virtual white-labeled cards, ...
- November 29, 2023
Instacart is offering its Instacart+ members access to Peacock, a move that comes as subscription services increasingly tap partnerships across industries to expand their audiences.
The grocery aggregator announced Wednesday (Nov. 29) a ...
- November 29, 2023
The latest report from the Bureau of Economic Analysis, released on Wednesday (Nov. 29), noted the U.S. economy grew 5.2% annualized, as measured in the third quarter. That’s up from ...
- November 29, 2023
SoFi says it is exiting the cryptocurrency business next month.
The digital finance firm has told customers that they will either need to liquidate their accounts or move their funds to the crypto exchange Blockchain.com, ...
- November 29, 2023
“AI (artificial intelligence) will not take your job, someone using AI will take your job.”
That’s according to Geneva Graduate Institute Professor Richard Baldwin, who was speaking about generative AI.
He wasn’t ...
- November 29, 2023
Oxx has raised $190 million to invest in European B2B software-as-a-service (SaaS) companies at the scale-up stage.
The company aims to support companies with strong fundamentals that can generate sustainable, capital ...
- November 29, 2023
Procurement and finance solutions firm Corcentric teamed with Riteload, a trucking sector freight matching platform.
The partnership is designed to offer managed payments services for carriers and shippers, the companies said ...
- November 29, 2023
Mastercard has named Michelle Meyer as its chief economist and head of its think tank.
In running the Mastercard Economics Institute, Meyer and her team will be responsible for delivering economic, financial policy and ...
- November 29, 2023
Wormhole, an interoperability platform for blockchains, has secured $225 million in a funding round, valuing the company at $2.5 billion.
This investment will enable Wormhole to continue delivering essential infrastructure for ...
- November 29, 2023
eCommerce continues to gain ground among Black Friday shoppers.
According to PYMNTS Intelligence in the study “Black Friday 2023: Consumers Widen Their Search for Holiday Bargains,” 48% of consumers in the ...
- November 29, 2023
Binance’s new CEO Richard Teng said he will keep the cryptocurrency exchange’s core team intact as he steers the company through regulatory challenges.
Teng said in a Bloomberg TV interview that keeping Binance’s ...
- November 29, 2023
Apparel seller J. Crew has launched a multi-year credit card program with Synchrony and Mastercard.
The collaboration, announced Wednesday (Nov. 29), will see J. Crew and Synchrony team to launch a private label credit card program, and then ...
- November 29, 2023
Money transfer FinTech Paysend has raised $65 million in a new funding round.
The round, announced Wednesday (Nov. 29), follows Paysend’s recent partnership with Mastercard, which allows the company to enhance cross-border payments for small- to medium-sized businesses ...
- November 29, 2023
Stability AI, a British artificial intelligence (AI) startup, is reportedly considering selling the company amidst mounting pressure from investors over its financial position.
The London-based firm has engaged in preliminary discussions ...
- November 29, 2023
As every retailer looks to define what value means to their customer, pet health and wellness company Petco is finding that offering pet parents solutions tailored to meet the standards ...
- November 29, 2023
Lending-as-a-service solution provider Rapid Finance and spend management platform Ramp have partnered to provide small businesses with faster access to capital.
Small businesses on Ramp’s platform can now gain preferred access to Rapid Finance’s financing ...
- November 29, 2023
For retailers, the benefits of subscription models lie in building brand loyalty, as recurring purchases can lead to predictable top-line growth.
To that end, and as detailed in PYMNTS’ latest Subscription ...
- November 29, 2023
So far, this year’s holiday has been one of superlatives.
Record online spending on Black Friday. Record Cyber Monday sales. The most people ever to shop during Thanksgiving weekend.
But despite all this fanfare, Black Friday ...
- November 29, 2023
The enterprise artificial intelligence (AI) game has a new player.
Up until recently, businesses looking to capture the operational efficiencies of having an AI-powered workplace chatbot on hand to search for ...
- November 29, 2023
Last week, Binance agreed to pay $4 billion to resolve a Department of Justice investigation.
Although that case is in the rearview mirror, the world’s largest cryptocurrency exchange could still have ...
- November 29, 2023
FreightTech company Flock Freight has released an open letter addressed to Biden administration officials that offers the company’s help in optimizing the nation’s supply chains.
The letter aligns with the administration’s ...
- November 29, 2023
As the holiday season approaches, subscription box companies are going after consumers’ gifting spending.
This time of year presents a valuable opportunity for these companies, many of which offer nice-to-haves rather ...
- November 29, 2023
Families with children constitute the largest group of consumers with merchant or store credit cards — more than millennials, baby boomers, childless couples or high-income singles.
Specifically, 63% of this group ...
