PYMNTS News

CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook’

CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook’
CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook’
June 20, 2025  |  Earnings

Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. Get the Full Story Complete the form to...

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Uber AI Solutions Expands Resources for Training AI Models and Agents
Uber AI Solutions Expands Resources for Training AI Models and Agents
June 20, 2025  |  Artificial Intelligence

Uber Technologies’ artificial intelligence (AI) data services business, Uber AI Solutions, has added new solutions and now makes them available to AI labs and enterprises...

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Instant Payments and Stablecoins Demand Core Banking System Upgrades
Instant Payments and Stablecoins Demand Core Banking System Upgrades
June 20, 2025  |  Banking

For decades, banking infrastructure meant heavy metal — mainframes, on premises, in-house and legacy systems layered upon legacies. Batch systems and processing, and a set...

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Multiplier Holdings Publicly Launches Business Building AI-Native Professional Services Firms
Multiplier Holdings Publicly Launches Business Building AI-Native Professional Services Firms
June 20, 2025  |  Investments

Multiplier Holdings announced its public launch Wednesday (June 18), saying it had raised $27.5 million in seed and Series A funding to acquire professional services...

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Data Breach Exposes 16 Billion Login Records for Online Services
Data Breach Exposes 16 Billion Login Records for Online Services
June 20, 2025  |  Cybersecurity

Thirty databases containing a total of 16 billion login records for a variety of online services were reportedly briefly exposed. Get the Full Story Complete...

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SoftBank Seeks Support for Proposed $1 Trillion Complex to Build Robots and AI
SoftBank Seeks Support for Proposed $1 Trillion Complex to Build Robots and AI
June 20, 2025  |  Artificial Intelligence

SoftBank is reportedly seeking support from partners and the U.S. government to build a $1 trillion manufacturing complex in Arizona that would focus on robots...

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Perplexity Rejects BBC’s Legal Claims Over AI-Driven News Content Reuse
Perplexity Rejects BBC’s Legal Claims Over AI-Driven News Content Reuse
June 20, 2025  |  Artificial Intelligence

The BBC has threatened legal action against AI search engine Perplexity, escalating tensions between publishers and technology firms over the use of copyrighted news content...

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Supply Chain Finance Now CFO Priority Thanks to AI, Says FIS
Supply Chain Finance Now CFO Priority Thanks to AI, Says FIS
June 20, 2025  |  Supply Chain

In a world beset by geopolitical uncertainty, tightening credit markets and rising capital costs, supply chain finance (SCF) is becoming a lifeline  — and automation...

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