Today on PYMNTS

Earnings
Block Rallies as AI Push Turns Cash App Into a...

Block’s first-quarter earnings report was the company’s first since its sweeping organizational restructuring and...

eCommerce
Half of Luxury Shoppers Prefer Resale, and The RealReal Saw...

Luxury resale used to be a secondary consideration. The numbers say it isn’t anymore....

Fraud Prevention
FTC Sounds Alarm as Imposter Scams Steal $3.5 Billion

The Federal Trade Commission (FTC) is warning consumers to beware of text messages that demand money...

Connected Economy
The Connected Economy Is Making Companies Worth a Trillion Dollars 

Samsung’s arrival in the trillion-dollar club this week expands a roster that increasingly defines...

Consumer Finance
Credit Cards Fuel Fastest Revolving Debt Growth Since 2022

Americans are again leaning more heavily on credit cards to finance everyday life. Get...

Back-office
Ramp Eyes $40 Billion Valuation in New Funding Round

Financial operations platform Ramp is looking to raise $750 million at a valuation of...

Amazon Payments
Amazon Bedrock Launches AI Agent Payment Capabilities With Coinbase, Stripe

Amazon Web Services (AWS) announced in a Thursday (May 7) company blog post a...

International
US and Allies Guarantee Tax-Free Streaming and Software Downloads

Nineteen countries, including the United States, have announced an agreement to not impose duties...

Investments
Fazeshift Secures $22 Million to Automate Accounts Receivable Workflows

San Francisco-based artificial intelligence (AI) startup Fazeshift has secured $17 million in Series A...

artificial intelligence
ServiceNow, SAP and Workday Make AI Agents Pay to Play

ServiceNow, SAP and Workday are drawing new lines around the customer data stored inside...

Earnings
McDonald’s CEO: Consumer Caution Drives Demand for Value

McDonald’s executives warned Thursday (May 7) that consumers are becoming more cautious with their...

Credit Cards
Colorado Governor Receives Bill to Outlaw Swipe Fees on Sales...

If Colorado’s governor signs a bill that’s now on his desk, the state will...

Banking
Citi Rebuilds Cards Around Affluent Customers and AI

Citi’s Thursday (May 7)  Investor Day presentation sketched out a bank betting on a...

Amazon
Amazon Bets Logistics Is the New Cloud

Amazon is turning another internal capability into a commercial product. This time, the asset...

Economy
Household Inflation Anxiety Edges Higher in NY Fed Poll

Consumers are more pessimistic and more uncertain about the rate of inflation over the...

Earnings
Big Pharma Runs Its Checkout Counter Through GoodRx 

Out-of-pocket drug costs are rising for millions of Americans. Coverage gaps are widening. GoodRx...

Fintech Investments
Kalshi Reaches $22 Billion Valuation Amid Increasing Institutional Demand

Kalshi completed a $1 billion Series F funding round that values the prediction market...

Apple
Apple’s Next iOS Turns iPhone Into an AI Marketplace 

For two decades, the smartphone was the device people carried to access the internet....

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