News

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

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IBM, Meta Launch 50+ Member Alliance Promoting Open-Source AI Development 
IBM, Meta Launch 50+ Member Alliance Promoting Open-Source AI Development 
December 05, 2023  |  artificial intelligence

How do you safely develop and responsibly profit from an innovation like artificial intelligence (AI)? This ongoing question has prompted the sudden proliferation of committees and forums...

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Job Openings Drop to 2021 Levels as Hiring Slows
Job Openings Drop to 2021 Levels as Hiring Slows
December 05, 2023  |  Economy

New data from the U.S. Labor Department shows job openings at their lowest level in more than two years. The department’s Job Openings and Labor Turnover...

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DoorDash Reduces NYC Driver Perks as Pay Increase Changes Delivery Economics
DoorDash Reduces NYC Driver Perks as Pay Increase Changes Delivery Economics
December 05, 2023  |  Delivery

As evolving regulations change the economics of third-party restaurant delivery, DoorDash is rolling back certain driver perks in New York City in response to the...

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Social Virtual Reality Platform VRChat Launches Paid Subscriptions
Social Virtual Reality Platform VRChat Launches Paid Subscriptions
December 05, 2023  |  Subscriptions

Social virtual reality (VR) platform VRChat has begun rolling out its new Creator Economy, starting with the introduction of Paid Subscriptions. This new feature allows...

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Payment Processors’ Data Analytics Key to Attracting Retail Clients
Payment Processors’ Data Analytics Key to Attracting Retail Clients
December 05, 2023  |  SMBs

Most small- to medium-sized businesses (SMBs) across industries use some kind of payment processor. The most common providers are PayPal, Square and Shopify, which are...

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Experian Debuts Additions to Ascend Analytics Platform
Experian Debuts Additions to Ascend Analytics Platform
December 05, 2023  |  Data

Information services provider Experian has introduced new capabilities for its cloud-based analytics platform Ascend. The new tools are designed to increase operational efficiency, maximize profitability and support lenders and...

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Klarna Adds Adyen’s Acquiring Capabilities to Simplify Card Payments
Klarna Adds Adyen’s Acquiring Capabilities to Simplify Card Payments
December 05, 2023  |  Partnerships

Klarna has added Adyen’s acquiring capabilities to simplify card payments for its 150 million consumers and 500,000 retail partners globally.  This agreement extends the companies’ existing global...

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Mastercard Strive Awards $2 Million to SMB-Focused Organizations
Mastercard Strive Awards $2 Million to SMB-Focused Organizations
December 05, 2023  |  SMBs

Mastercard’s Strive fund has awarded nearly $2 million in grants to organizations that support small businesses.  The Strive Innovation Fund will support 11 organizations around the...

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Bankrupt Trucking Company Yellow Auctions Off 75% of Properties
Bankrupt Trucking Company Yellow Auctions Off 75% of Properties
December 05, 2023  |  Shipping

Yellow, which was the third-largest carrier in the U.S. trucking industry at the time of its collapse last summer, held a court-supervised bankruptcy auction to...

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