Today on PYMNTS

Retail
Prime Day Is Now a Weather System

Summer in the United States has acquired a new seasonal ritual. Get the Full...

Consumer Insights
Easing Gas Prices Lift Consumer Sentiment From All-Time Low

Consumer sentiment has ticked up as gas prices eased, according to preliminary results for...

Retail
Amazon, Walmart and Target Clash in June Sales Events

June will be a big month for omnichannel retailer promotions. Get the Full Story...

Artificial Intelligence
Mistral Seeks $3.5 Billion to Build European AI Infrastructure

Mistral AI is in talks to raise about 3 billion euros (about $3.5 billion)...

Artificial Intelligence
McDonald’s Fired Its AI. Now It’s Back With Google’s.

McDonald’s is back in the artificial intelligence drive-thru business, and this time it’s bringing...

Bank Regulation
Fed’s Barr Warns Bank Deregulation Threatens Financial Stability

Recent moves by the Federal Reserve and other banking regulators to weaken regulation and supervision...

Markets
Gensler Says Prediction Market Sports Contracts Are Just Bets

Gary Gensler, a former chairman of the Commodity Futures Trading Commission (CFTC), disagrees with the current CFTC on...

Artificial Intelligence
Anthropic Vertical Software Rollout Threatens Enterprise AI Builders

Anthropic’s introduction of industry-specific artificial intelligence tools threatens the business of companies that use...

Cryptocurrency
Crypto Experts Tell PYMNTS Where Digital Assets Go Next

There’s something rare happening across the digital asset landscape: it’s quiet. Get the Full...

Artificial Intelligence
ChatGPT Reaches 1 Billion Users as the AI Economy Takes...

ChatGPT reached 1 billion global monthly active app users in May, CNBC reported on Friday...

Banking
As Credit Tightens, FinTechs Look to Deposits for Growth

As interest rate uncertainty lingers and wholesale funding becomes more expensive, digital-first financial firms...

Facebook / Meta
Meta Reports Outages Across Facebook and Instagram

Several Meta-owned platforms experienced outages Friday morning (June 12). Get the Full Story Complete...

SMBs
Payments Power the Real SMB Transformation as AI Arrives on...

The conventional logic has always been that small businesses had smaller needs than their...

Regulation
Bank Regulators Probe Industry Use of AI

Banking regulators have begun asking banks about their use of artificial intelligence during routine...

Digital Payments
Square Financial Services Launches High-Yield Savings to Draw Seller Deposits

Square Financial Services (SFS), a wholly owned subsidiary of Block, has launched a deposit...

Acquisitions
Barclays Acquires GoHenry to Build Lifetime Banking Relationships

Barclays is buying GoHenry, the U.K. money management platform for children ages 6 to...

Cross-border Payments
FinTechs Use Cross-Border Payments to Court Small Businesses

Watch more: Need to Know With Mastercard’s Pratik Khowala Get the Full Story Complete...

Artificial Intelligence
Credit Unions Need AI Chat to Stay in the Conversation

Financial institutions once competed on branch networks, interest rates and, later, mobile apps. Get...

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