PYMNTS News

Christmas Tree Costs Soar, Yet Consumers Still Pine for Authenticity 
Christmas Tree Costs Soar, Yet Consumers Still Pine for Authenticity 
December 02, 2023  |  Retail

As the festive season sleighs in and inflation plays Scrooge, one can’t help but wonder: Are folks still decorating their homes with real Christmas trees? ...

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Report: OpenAI Pushes Back Launch of Custom GPT Store to Early 2024
Report: OpenAI Pushes Back Launch of Custom GPT Store to Early 2024
December 01, 2023  |  Artificial Intelligence

OpenAI has reportedly delayed the opening of its custom GPT store.  The store was announced in November and was to launch later that month, but it...

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Former CEO Tim Sloan Sues Wells Fargo for $34 Million 
Former CEO Tim Sloan Sues Wells Fargo for $34 Million 
December 01, 2023  |  Legal

Former Wells Fargo CEO Tim Sloan has filed a lawsuit against the company, seeking over $34 million in unpaid compensation.  Sloan alleged that Wells Fargo unlawfully...

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Retailers Raise Annual Forecasts After Strong Black Friday Sales
Retailers Raise Annual Forecasts After Strong Black Friday Sales
December 01, 2023  |  Retail

Retailers are reportedly expressing optimism for the holiday season sales following stronger-than-expected figures during Black Friday and Cyber Monday.  The heavy discounts offered during these...

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Ualá Introduces No-Fee Credit Card in Argentina 
Ualá Introduces No-Fee Credit Card in Argentina 
December 01, 2023  |  Credit Cards

Ualá, a Buenos Aires-based FinTech company, has introduced a no-fee credit card in Argentina.  Backed by prominent investors including George Soros, Steve Cohen and Tencent Holdings,...

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Amazon Adds Favorites and Shortcuts to Alexa App
Amazon Adds Favorites and Shortcuts to Alexa App
December 01, 2023  |  Alexa

Amazon has unveiled a redesigned Alexa app, offering users an enhanced experience in managing their smart home devices. The updated app has new customization options...

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Bluevine Says Business Checking Propels Managed Deposits to $1 Billion
Bluevine Says Business Checking Propels Managed Deposits to $1 Billion
December 01, 2023  |  SMBs

Bluevine, a digital banking platform for small businesses, has surpassed $1 billion in managed deposits by its small business banking customers. The accomplishment places Bluevine...

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Gen Z Interested in AI-Enabled Banking Experiences Despite Privacy Concerns
Gen Z Interested in AI-Enabled Banking Experiences Despite Privacy Concerns
December 01, 2023  |  Artificial Intelligence

Despite differences across gender, generations and income levels, artificial intelligence-powered experiences are becoming popular with consumers, and an increasing number of individuals now use AI...

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BIS: CBDCs Need Risk Management Framework to Counter ’Operational Risks’
BIS: CBDCs Need Risk Management Framework to Counter ’Operational Risks’
December 01, 2023  |  CBDC

Scores of central bank digital currency (CBDC) initiatives are in the works or already active — and yet pose some key concerns for central banks....

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