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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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Somos Unveils IoT Identity Managment Service for Boosting Cybersecurity Defenses
Somos Unveils IoT Identity Managment Service for Boosting Cybersecurity Defenses
February 14, 2024  |  Cybersecurity

Somos unveiled an Internet of Things identity management service designed to safeguard businesses’ IoT assets. The new SomosID aims to provide businesses with a registry...

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Slack Launches Slack AI to Boost Worker Efficiency
Slack Launches Slack AI to Boost Worker Efficiency
February 14, 2024  |  Artificial Intelligence

Enterprise messaging platform Slack is debuting Slack AI, its artificial intelligence (AI) tool to help users find information more easily. Slack AI is starting with a...

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Kraft Heinz Sales Dip as Shoppers Make ‘Smaller Trips’
Kraft Heinz Sales Dip as Shoppers Make ‘Smaller Trips’
February 14, 2024  |  Earnings

From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop...

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Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs
Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs
February 14, 2024  |  Investments

Colombian FinTech Bold raised $50 million to expand its payments terminal offering. The company announced the General Atlantic-led Series C round Wednesday (Feb. 14), saying...

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Citi Completes Proof of Concept on Tokenization of Private Markets
Citi Completes Proof of Concept on Tokenization of Private Markets
February 14, 2024  |  Technology

Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the...

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Consumers Increasingly Trade Down to Less Expensive Retailers
Consumers Increasingly Trade Down to Less Expensive Retailers
February 14, 2024  |  Consumer Insights

While many of consumers’ cost-conscious behaviors in response to inflation are easing slightly, retail shoppers are increasingly switching to lower-cost stores. By the Numbers For...

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OpenAI Stops Hack Attempts by 5 State-Sponsored Cybercrime Groups
OpenAI Stops Hack Attempts by 5 State-Sponsored Cybercrime Groups
February 14, 2024  |  Cybersecurity

OpenAI says it has disrupted state-sponsored hackers attempting to use its technology for malicious purposes. Working with its partner Microsoft, the artificial intelligence (AI) company said in...

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Epson Takes a Tip From Apparel Retail With New Secondhand Play
Epson Takes a Tip From Apparel Retail With New Secondhand Play
February 14, 2024  |  Retail

With clothing and footwear brands increasingly turning to resale programs to reach cost-conscious consumers and drive loyalty, Epson is noting the opportunity to apply a...

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PNC Bank to Add 100 Locations, Renovate 1,200 Through 2028
PNC Bank to Add 100 Locations, Renovate 1,200 Through 2028
February 14, 2024  |  Banking

PNC Bank will invest $1 billion to open more than 100 new locations and renovate 1,200 existing ones through 2028. The bank currently has about...

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