PYMNTS News

OpenAI Dissolves ‘Superalignment Team,’ Distributes AI Safety Efforts Across Organization
OpenAI Dissolves ‘Superalignment Team,’ Distributes AI Safety Efforts Across Organization
May 17, 2024  |  Artificial Intelligence

OpenAI reportedly effectively dissolved its “superalignment team,” which was dedicated to ensuring the safety of future advanced artificial intelligence systems. The decision came in the wake of the...

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How Businesses Can Navigate the AI Search Shake-Up
How Businesses Can Navigate the AI Search Shake-Up
May 17, 2024  |  eCommerce

Google’s latest unveiling of artificial intelligence (AI)-powered search tools has sent ripples through the business world, prompting leaders to rethink their digital strategies. The tech giant’s...

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SoLo Funds ‘Blindsided’ by CFPB Lawsuit
SoLo Funds ‘Blindsided’ by CFPB Lawsuit
May 17, 2024  |  Regulation

The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark patterns” to illegally collect fees from borrowers. The lawsuit also alleged that SoLo Funds...

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Three-Quarters of Young Consumers Favor Click-and-Mortar™ Grocery Shopping
Three-Quarters of Young Consumers Favor Click-and-Mortar™ Grocery Shopping
May 17, 2024  |  Retail

Millennials and Generation Z consumers are not satisfied choosing between digital and physical channels to do their grocery shopping — they want it all. By the Numbers...

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Consumers Are Leaving Major Cities, Slowing Retail’s Digital Transformation
Consumers Are Leaving Major Cities, Slowing Retail’s Digital Transformation
May 17, 2024  |  Retail

The impact of the pandemic on consumers’ geographic distribution has continued, with shoppers increasingly residing outside of major urban areas, and this trend away from...

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Bill Raising Asset Thresholds for Banking Regulations Heads to House Vote
Bill Raising Asset Thresholds for Banking Regulations Heads to House Vote
May 17, 2024  |  Bank Regulation

The House Financial Services Committee (HFSC) voted Thursday (May 16) to advance a bill that would raise the asset thresholds for several regulations covering banks from $10 billion to...

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Consumers Opt-In for Digital Wallet Options That Manage Spending
Consumers Opt-In for Digital Wallet Options That Manage Spending
May 17, 2024  |  Payment Methods

As consumers look for simpler and more intuitive eCommerce experiences, Harvest Hosts sees providing more payment options as key to meeting shoppers’ demand to be able to...

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Eisen and Checkbook Partner to Streamline Disbursements by Financial Institutions
Eisen and Checkbook Partner to Streamline Disbursements by Financial Institutions
May 17, 2024  |  Disbursements

Eisen and Checkbook partnered to help financial institutions streamline payment disbursements and ensure compliance with consumer protection regulations. The companies’ new Disbursement Hub is designed to help financial institutions meet the...

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Making Sense of Embedded DeFi’s Role in Web3’s Future
Making Sense of Embedded DeFi’s Role in Web3’s Future
May 17, 2024  |  Blockchain

The Web3 space has its sights set on transforming payments and commerce via blockchain technologies. And with the news Wednesday (May 15) that Safe has...

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