News

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

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American Express Earnings Show Travel and Entertainment Spending Climbs 13%
American Express Earnings Show Travel and Entertainment Spending Climbs 13%
October 20, 2023  |  Earnings

The latest results from American Express show consumers are continuing to spend on leisure activities — and are using their cards to so. The company...

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Dealflow Raises $700K to Move From Invoicing to Financial Automation
Dealflow Raises $700K to Move From Invoicing to Financial Automation
October 20, 2023  |  Investments

Danish startup Dealflow hopes to move beyond its invoicing roots after raising $700,000. The company will use the capital to help support a vision of...

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Walmart Leverages Holiday Grocery Deals to Hold Onto Market Share
Walmart Leverages Holiday Grocery Deals to Hold Onto Market Share
October 20, 2023  |  Retail

Walmart is doubling down on its strategy of holiday season grocery deals in an effort to take advantage this high-stress time to secure market share...

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OpenAI Valuation Could Hit $86 Billion With Share Sale
OpenAI Valuation Could Hit $86 Billion With Share Sale
October 20, 2023  |  artificial intelligence

OpenAI is reportedly mulling a share sale that would value the company at $86 billion. That figure would raise the ChatGPT-maker’s valuation to around triple what...

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Can Alo Yoga Persuade Consumers to Pay Couture Prices? 
Can Alo Yoga Persuade Consumers to Pay Couture Prices? 
October 20, 2023  |  Retail

Premium and luxury are not the same.  In the world of fashion, premium brands strut their stuff by offering top-tier products that outshine mass-market alternatives,...

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Instacart Serves Up New Avenues for Brands to Reach Shoppers 
Instacart Serves Up New Avenues for Brands to Reach Shoppers 
October 20, 2023  |  Retail

Delivery platforms like Instacart are becoming a valuable avenue for brands looking to connect with consumers who prefer the convenience of grocery shopping from their...

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SEC Drops Claims Against Ripple Executives
SEC Drops Claims Against Ripple Executives
October 20, 2023  |  Cryptocurrency

Blockchain firm Ripple scored another victory in its 3-year-old battle with the Securities and Exchange Commission (SEC). The SEC plans to dismiss its claims that...

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FTX Trial: The Adults Are Tanking ‘Cool Kid’ Bankman-Fried’s Defense
FTX Trial: The Adults Are Tanking ‘Cool Kid’ Bankman-Fried’s Defense
October 20, 2023  |  Legal

It is the end of the third week of Sam Bankman-Fried’s multibillion-dollar criminal fraud trial. The trial itself is approaching halftime, with the prosecution expected...

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JPMorgan and Mastercard Pay-by-Bank Tool Goes Live
JPMorgan and Mastercard Pay-by-Bank Tool Goes Live
October 20, 2023  |  Payment Methods

JPMorgan Chase says its Mastercard-powered pay-by-bank tool has officially gone live. The offering, which combines Mastercard’s open banking technology and J.P. Morgan Payments’ ACH capabilities, lets merchants...

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