News

Payment Methods
Consumers Opt-In for Digital Wallet Options That Manage Spending
May 17, 2024

As consumers look for simpler and more intuitive eCommerce experiences, Harvest Hosts sees providing more payment options as key to meeting shoppers’ demand to be able to control how they manage their spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
May 17, 2024

HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
CoreWeave Secures $7.5 Billion to Expand AI Infrastructure
May 17, 2024

Artificial intelligence (AI) hyperscaler CoreWeave has secured a $7.5 billion debt financing facility. 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...

Artificial Intelligence
This Week in AI: Airline Pricing, Search Boosts, Company Cash Windfalls and Google Video
May 17, 2024

This week in artificial intelligence, airlines are diving into AI this summer to enhance booking systems and boost profits, with Israeli startup Fetcherr leading the way in dynamic pricing. Meanwhile, Google’s AI-powered search summaries aim to transform online information access, sparking publishers’ concerns over traffic...

Regulation
UK Antitrust Regulator Won’t Investigate Microsoft-Mistral AI Partnership
May 17, 2024

The United Kingdom’s Competition and Markets Authority (CMA) will not investigate Microsoft’s partnership with artificial intelligence (AI) startup Mistral AI. 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
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
May 17, 2024

Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cross-border Payments
How Compliance Is Shaping the Future of Cross-Border Payments
May 17, 2024

There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. 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....

Social Commerce
Uber Integrates Social Commerce Into Marketplace as Shoppers Seek Peer Recommendations
May 17, 2024

As consumers increasingly look for guidance from trusted friends and content creators to inform their shopping, Uber is integrating a social element into its Eats platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
May 17, 2024

Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard not to lose their lower-income customers in the process. Get the Full Story Complete the form to unlock this article...