Pymnts News news and trends

IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling  
Taxes // May 04, 2024

Digital transformation is becoming as inevitable as the reality of paying taxes. And as many companies discovered during the recent tax season, even the IRS is going digital. As Wendy Walker, solution principal at Sovos, told PYMNTS, the Internal Revenue Service’s ongoing digitization efforts pose...

Banks Boost Visibility, Customer Service With Branches in Airport Terminals
Banking // May 03, 2024

Several banks have reportedly expanded their retail footprint into airport terminals. These bank branches in airports offer convenience, comfort and a range of financial services to existing customers, while also serving as a platform for banks to engage with potential new ones, CNBC reported Friday (May 3).  Brands...

J.P. Morgan Payments Powers Merchandise Transactions for Formula One Organizer
Retail // May 03, 2024

J.P. Morgan Payments is facilitating purchases of merchandise for a Formula One race in Miami, both in-store and online. The firm is doing so in an expanded partnership with South Florida Motorsports (SFM), the organizer of the Formula One Crypto.com Miami Grand Prix being held May...

How AI Reshapes Education, Streamlines Upskilling for Employees
artificial intelligence // May 03, 2024

Artificial intelligence (AI) is changing how companies train and upskill their employees, offering personalized learning experiences that can reduce costs and improve efficiency.  The global AI-in-education market is expected to grow from $3.6 billion in 2023 to around $73.7 billion by 2033, according to a...

Interviews & Exclusives
IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling  

May 04, 2024
Digital transformation is becoming as inevitable as the reality of paying taxes. And as many companies discovered during the recent tax season, even the IRS is going digital. As Wendy Walker, solution principal at Sovos, told PYMNTS, the Internal Revenue Service’s ongoing digitization efforts pose challenges — and benefits — for enterprises switching from paper-based […]

Walmart and Amazon Expand Private-Label Plays to Compete in Grocery

May 03, 2024
As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands. Walmart announced Tuesday (April 30) the launch of bettergoods, its largest private-brand...

Can Open Banking Increase Consumer Trust in New Payments Tech?

May 03, 2024
Open banking is empowering consumers and the businesses they work with to adapt amid uncertainties, Trustly founder and CEO Alex Gonthier writes in the new PYMNTS eBook, “The Implications of...

LiveRamp CFO: Developing Quick-Twitch Muscles Key to Managing Dynamic Businesses

May 03, 2024
To be successful, you must have your heart in your business, and your business in your heart. As today’s chief financial officers know best, the role of a leader is to define...

Quick Reads
Banks Boost Visibility, Customer Service With Branches in Airport Terminals

May 03, 2024
Several banks have reportedly expanded their retail footprint into airport terminals. These bank branches in airports offer convenience, comfort and a range of financial services to existing customers, while also serving as a platform for banks to engage with potential new ones, CNBC reported Friday (May 3).  Brands like Fifth Third Bank, Capital One and Wells Fargo have embraced this concept, creating airport […]

J.P. Morgan Payments Powers Merchandise Transactions for Formula One Organizer

May 03, 2024
J.P. Morgan Payments is facilitating purchases of merchandise for a Formula One race in Miami, both in-store and online. The firm is doing so in an expanded partnership with South Florida...

JPMorgan Chase Unveils AI-Powered Tool for Thematic Investing

May 03, 2024
J.P. Morgan Chase reportedly unveiled an artificial intelligence-powered tool designed to facilitate thematic investing. The tool, called IndexGPT, delivers thematic investment baskets created with the assistance of OpenAI’s GPT-4 model, Bloomberg reported Friday (May 3). IndexGPT creates these...

Google Asks Judge to Reject Proposed Changes to App Store

May 03, 2024
Google reportedly asked a judge to reject an Epic Games proposal that would reform how the Google Play store operates. Google said in a Thursday (May 2) court filing that the proposal “would make it...