News

Banking
European Central Bank Member Calls for Easier Cross-Border Bank Mergers
May 29, 2024

European Central Bank (ECB) governing council member Françoise Villeroy de Galhau reportedly said Wednesday (May 29) that mergers of banks in different European countries should be no harder than those between banks in the same country. Get the Full Story Complete the form to unlock...

Investments
Kintsugi Raises $6 Million to Further Develop Tax Automation Platform
May 29, 2024

Kintsugi raised $6 million in a Series A funding round to further develop its tax automation platform. 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...

Retail
Walmart Exec Details Immersive Experiences in Digital ‘Realm’
May 29, 2024

Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. 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...

B2B Payments
Faster Settlements May Add Pressure on FIs to Automate
May 29, 2024

What a difference a day can make. 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, you agree...

Artificial Intelligence
AWS and SAP Team on Generative AI Offerings
May 29, 2024

Amazon Web Services expanded its partnership with enterprise application programming software firm SAP. 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....

Retail
Abercrombie & Fitch: Improved Omnichannel Experience Drives Record Results
May 29, 2024

Abercrombie & Fitch reported record first-quarter earnings results Wednesday (May 29), attributing the gains in part to increased marketing spend and an improved omnichannel experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Food Delivery Platforms Lose $20 Billion as Diners Cut Back
May 29, 2024

Food delivery platforms have reportedly seen more than $20 billion in losses since going public. 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,...

Loyalty & Rewards
New Data: Card-Linked Offers Improve Relevance and Value
May 29, 2024

Consumers who use card-linked shopping offers, which provide special savings or rewards attached to a merchant or product, return for more — most do. But what about the 21% of past users who never return? PYMNTS Intelligence finds that if those who used these offers...

Payments Innovation
Unattended Payments Shape the Future of Retail Transactions
May 29, 2024

Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations. 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....