News

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

(source: pymnts.com)

Hertz Reducing EV Fleet Due to High Cost, Low Demand
Hertz Reducing EV Fleet Due to High Cost, Low Demand
January 11, 2024  |  Transportation

Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing...

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Thomson Reuters Offers $626 Million for eInvoicing Firm Pagero
Thomson Reuters Offers $626 Million for eInvoicing Firm Pagero
January 11, 2024  |  Acquisitions

Thomson Reuters plans to acquire Swedish eInvoicing firm Pagero for $626 million. The technology and content company said in a Thursday (Jan. 11) press release...

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IBM Adds AI Solutions for CPG as Brands Combat Rising Costs
IBM Adds AI Solutions for CPG as Brands Combat Rising Costs
January 11, 2024  |  Artificial Intelligence

As consumer packaged goods brands look to manage cost inflation, IBM is seizing on the opportunity to drive sales with smarter supply chain solutions. The...

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Understanding Artificial Intelligence: How AI Complements Humans, Not Replaces Them
Understanding Artificial Intelligence: How AI Complements Humans, Not Replaces Them
January 11, 2024  |  Opinion

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that...

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Is Rent the Runway Struggling or Strategically Recalibrating? 
Is Rent the Runway Struggling or Strategically Recalibrating? 
January 11, 2024  |  Retail

Rent the Runway, a fashion rental company, has undergone adjustments, including a 10% reduction in its corporate workforce. However, the question arises: Is this indicative...

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Merchants Ramp Up Biometrics Use to Meet Consumer Demand
Merchants Ramp Up Biometrics Use to Meet Consumer Demand
January 11, 2024  |  Biometrics

People are getting more used to logging into their favorite apps on their smartphones using facial recognition or their fingerprints. This includes using Apple Pay,...

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Commerzbank and Global Payments Team to Help German Small Businesses
Commerzbank and Global Payments Team to Help German Small Businesses
January 11, 2024  |  Partnerships

Commerzbank and Global Payments teamed to offer digital payment solutions to German small- to medium-sized businesses (SMBs). The companies have joined to form Commerz Globalpay...

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SEC Authorizes Bitcoin ETF Without Endorsing Bitcoin
SEC Authorizes Bitcoin ETF Without Endorsing Bitcoin
January 11, 2024  |  Cryptocurrency

American regulators have approved bitcoin exchange-traded funds in a victory for the cryptocurrency sector. The Wednesday (Jan. 10) announcement by the Securities and Exchange Commission (SEC) came after years...

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Addressing the Complexities and Risks of AI in Finance
Addressing the Complexities and Risks of AI in Finance
January 11, 2024  |  Artificial Intelligence

A recent EY survey of 1,200 global CEOs reveals that while executives are investing in AI strategies, they face significant challenges in both formulating and...

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