News

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

(source: pymnts.com)

Meet the 2006 Payments Startup That Took ACH Payments Global
Meet the 2006 Payments Startup That Took ACH Payments Global
May 01, 2024  |  Cross-border Payments

Cross-border payments circa May 2024 have become a highly specialized sector of the payments industry. Look at the activity in this space, even year-to-date, and...

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Mondelez Sees US Snack Volume Decline Amid ‘Mixed’ Consumer Confidence
Mondelez Sees US Snack Volume Decline Amid ‘Mixed’ Consumer Confidence
April 30, 2024  |  Earnings

Consumer confidence in the United States is mixed, with many shoppers looking for deals when it comes to chocolate, biscuits and baked snacks. That finding contrasts with...

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AI Solutions for P&C Insurance Industry Drive Growth at CCC
AI Solutions for P&C Insurance Industry Drive Growth at CCC
April 30, 2024  |  Earnings

The auto insurance claims and collision repair industries are increasingly adopting artificial intelligence (AI)-powered solutions to streamline their operations. Eleven percent year-over-year growth in the first...

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Starbucks Renews Focus on Occasional Customers as Q2 Results Disappoint
Starbucks Renews Focus on Occasional Customers as Q2 Results Disappoint
April 30, 2024  |  Earnings

Starbucks’s artificial intelligence (AI)-powered personalized rewards efforts, aimed at increasing customer frequency and spending, appear to be facing challenges.  Following the announcement of “disappointing” second-quarter 2024 results on Tuesday...

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Amazon North American Sales Soar in Q1
Amazon North American Sales Soar in Q1
April 30, 2024  |  Amazon

Although it was closely watched for the manner in which it handled its artificial intelligence (AI) investments, Amazon dropped a stunner of a Q1 earnings report...

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LendingClub Deposits Reach $7.5B as Embedded Finance Beckons   
LendingClub Deposits Reach $7.5B as Embedded Finance Beckons   
April 30, 2024  |  Earnings

LendingClub noted in its latest results that deposits on its balance sheet grew as customers gravitated to high-yield savings products, credit quality was strong — and...

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Google Transitioning Fitbit Pay to Google Wallet in Most Countries
Google Transitioning Fitbit Pay to Google Wallet in Most Countries
April 30, 2024  |  Payment Methods

Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries. “Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web...

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Binance Founder Changpeng Zhao Sentenced to 4 Months in Prison
Binance Founder Changpeng Zhao Sentenced to 4 Months in Prison
April 30, 2024  |  Cryptocurrency

Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to four months in prison on Tuesday (April 30). The sentencing came after Zhao pleaded guilty...

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Newspapers Sue Microsoft, OpenAI for Using Content to Train AI
Newspapers Sue Microsoft, OpenAI for Using Content to Train AI
April 30, 2024  |  Legal

Eight newspapers owned by Alden Global Capital’s MediaNews Group are reportedly suing Microsoft and OpenAI, alleging that the tech companies used the newspapers’ content to train artificial intelligence (AI) models. ...

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