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View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Ethiopia Considers Allowing Foreigners to Buy Stakes in Domestic Banks

Ethiopia Considers Allowing Foreigners to Buy Stakes in Domestic Banks
Ethiopia Considers Allowing Foreigners to Buy Stakes in Domestic Banks
June 14, 2024  |  International

After 30 years of barring foreigners from its banking sector, Ethiopia is reportedly considering allowing overseas banks to buy stakes in domestic lenders. Get the...

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Gen Z Slow to Adopt Co-Branded Travel Credit Cards
Gen Z Slow to Adopt Co-Branded Travel Credit Cards
June 14, 2024  |  Credit Cards

While 68% of U.S. consumers own general-purpose credit cards, 28% now carry specialized co-branded or store-issued cards, and the appeal of travel-related cards is strong....

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They Said What? Notable Quotables From This Week in PYMNTS
They Said What? Notable Quotables From This Week in PYMNTS
June 14, 2024  |  This Week in PYMNTS

This week in PYMNTS, industry insiders discuss everything from composable banking to network tokenization to which tradeoffs lipstick buyers are and are not willing to...

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Deposit Tokens Gain Favor in Commercial Banking
Deposit Tokens Gain Favor in Commercial Banking
June 14, 2024  |  Blockchain

There’s a new on-chain token in town, and it’s not the one you’re thinking of. Get the Full Story Complete the form to unlock this...

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VersaBank Seeks Canada’s Permission for Stearns Bank Acquisition After US Approval
VersaBank Seeks Canada’s Permission for Stearns Bank Acquisition After US Approval
June 14, 2024  |  Acquisitions

VersaBank needs only one more regulatory approval to proceed with its acquisition of Stearns Bank Holdingford. Get the Full Story Complete the form to unlock this...

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Microsoft Pauses Its Launch of AI-Powered Recall Program
Microsoft Pauses Its Launch of AI-Powered Recall Program
June 14, 2024  |  artificial intelligence

Tech giant Microsoft has decided to delay the rollout of “Recall,” its artificial intelligence (AI)-powered feature designed to track and store users’ computer activity. Get...

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Shift4 Acquires Majority Stake in Vectron, Completes Purchase of Revel
Shift4 Acquires Majority Stake in Vectron, Completes Purchase of Revel
June 14, 2024  |  Acquisitions

Shift4 has acquired a majority stake in Vectron Systems, a supplier of point-of-sale (POS) systems to the restaurant and hospitality verticals in Europe. Get the...

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Nvidia Unveils Open Model That Creates LLM Training Data
Nvidia Unveils Open Model That Creates LLM Training Data
June 14, 2024  |  artificial intelligence

As concerns grow that large language models (LLMs) are running out of high-quality training data, Nvidia has released Nemotron-4 340B, a family of open models...

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Canary Raises $50 Million to Deploy AI for Hospitality Industry
Canary Raises $50 Million to Deploy AI for Hospitality Industry
June 14, 2024  |  Investments

Canary Technologies raised $50 million in a Series C funding round to support its deployment of artificial intelligence for the hospitality industry. Get the Full...

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