News

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

(source: pymnts.com)

AI Breaks Its Own Code to Win: Glitch Reveals New Challenge
AI Breaks Its Own Code to Win: Glitch Reveals New Challenge
May 21, 2024  |  Artificial Intelligence

In the rapidly evolving world of artificial intelligence, a new challenge has emerged: AI systems that deceive, not by design, but as an unintended consequence...

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NetXD and Visa Expand Cross-Border Payments Partnership to Asia
NetXD and Visa Expand Cross-Border Payments Partnership to Asia
May 21, 2024  |  Partnerships

NetXD has expanded its cross-border payments partnership with Visa B2B Connect. After onboarding banks in Europe and the Americas, the collaboration is now moving to...

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Microsoft Touts AI Progress, Developer Tools at Build Conference
Microsoft Touts AI Progress, Developer Tools at Build Conference
May 21, 2024  |  artificial intelligence

Microsoft unveiled a host of new artificial intelligence features and developer tools at its annual Build conference on Tuesday (May 21), underscoring the tech giant’s...

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Amazon-Backed AI Startup H Raises $220 Million for ‘Full AGI’
Amazon-Backed AI Startup H Raises $220 Million for ‘Full AGI’
May 21, 2024  |  artificial intelligence

French startup “H” has raised $220 million for its goal of building artificial general intelligence. The company — led by a group of Google DeepMind...

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Robinhood Introduces Lower Margin Rates, Targets More Advanced Investors
Robinhood Introduces Lower Margin Rates, Targets More Advanced Investors
May 21, 2024  |  financial apps

Robinhood has introduced new, lower margin rates that it said are the lowest among leading brokerages. The rates vary based on the customer’s total margin balance...

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Walmart Debuts Expanded Versions of Neighborhood Market
Walmart Debuts Expanded Versions of Neighborhood Market
May 21, 2024  |  Walmart

Walmart has introduced an expanded take on its Neighborhood Market stores. The retail giant is in the midst of opening or converting more than 150 stores in...

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Capchase Secures $114 Million to Provide Funding for SaaS Businesses
Capchase Secures $114 Million to Provide Funding for SaaS Businesses
May 21, 2024  |  Startups

Capchase received a 105-million-euro (about $114 million) credit facility warehouse led by Deutsche Bank to support flexible financing for software-as-a-service (SaaS) businesses in the United Kingdom and Europe....

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Opus Technologies Launches Payment Integration Framework for Financial Institutions
Opus Technologies Launches Payment Integration Framework for Financial Institutions
May 21, 2024  |  Payments Innovation

Opus Technologies has launched a payment integration framework designed for financial institutions. The new Paysemble helps financial institutions simplify technology adoption, migration and integration and ensure seamless operations,...

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Macy’s: Even Luxury Shoppers Are Making ‘Thoughtful’ Choices About Spending
Macy’s: Even Luxury Shoppers Are Making ‘Thoughtful’ Choices About Spending
May 21, 2024  |  Earnings

Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy’s, with even high-income customers showing increased selectivity in their purchases...

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