News

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

(source: pymnts.com)

New York State Comptroller Raises Concerns About Crypto-Focused BitLicense Program
New York State Comptroller Raises Concerns About Crypto-Focused BitLicense Program
January 08, 2024  |  Cryptocurrency

The Office of the New York State Comptroller raised concerns about the Department of Financial Services’ oversight of the cryptocurrency industry. The office released a...

READ MORE >
Canada Taps AI as Suspected Money Laundering Efforts Spike
Canada Taps AI as Suspected Money Laundering Efforts Spike
January 08, 2024  |  AML

Canada is reportedly upping its use of artificial intelligence (AI) to combat money laundering. Donna Achimov, deputy director of the country’s Financial Transactions and Reports Analysis...

READ MORE >
Top Subscription Merchants Know the Value of Social Media
Top Subscription Merchants Know the Value of Social Media
January 08, 2024  |  Subscriptions

The most successful retail subscription companies see the value of tapping into social media apps’ wide audiences, while underperformers tend to abstain from these platforms....

READ MORE >
Dating Apps Target ‘Dating Sunday’ Boom to Push Paid Plans
Dating Apps Target ‘Dating Sunday’ Boom to Push Paid Plans
January 08, 2024  |  Subscriptions

With consumers following up on their New Year’s resolutions to get out there, dating apps are looking to seize on the start-of-year boom to drive...

READ MORE >
Duolingo Cuts 10% of Contractors While Expanding Use of AI 
Duolingo Cuts 10% of Contractors While Expanding Use of AI 
January 08, 2024  |  Artificial Intelligence

Duolingo has cut about 10% of its contractors due to its use of generative artificial intelligence (AI) to create content.  The maker of software for learning...

READ MORE >
Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
January 08, 2024  |  Banking

Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8)...

READ MORE >
Biden Rule Would Turn More Gig Workers Into Full Employees
Biden Rule Would Turn More Gig Workers Into Full Employees
January 08, 2024  |  Gig Economy

The White House is reportedly preparing new guidelines that provide additional protections to gig workers. The updated Department of Labor rule could be handed down...

READ MORE >
Consumers’ Total Outstanding Credit Leaps $23.7 Billion in November
Consumers’ Total Outstanding Credit Leaps $23.7 Billion in November
January 08, 2024  |  Consumer Finance

Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Revolving credit accounted for $19.1 billion of...

READ MORE >
Microsoft Copilot Trails ChatGPT in Downloads Since Launch
Microsoft Copilot Trails ChatGPT in Downloads Since Launch
January 08, 2024  |  artificial intelligence

Microsoft Copilot, an artificial intelligence (AI) chatbot developed with OpenAI technologies, has not had a substantial impact on OpenAI’s own chatbot, ChatGPT. That’s the case...

READ MORE >