Today on PYMNTS

Legal
FTX Asks Judge to Stop Class Action Complaints

FTX reportedly aims to stop class action complaints and other lawsuits that target company...

Cybersecurity
TikTok Hit by Security Breach That Used Malicious Links

TikTok reportedly dealt with a recent security breach when hackers targeted well-known brands and...

Retail
LoadUp Launches Logistics Division for eCommerce Furniture Retailers

On-demand junk removal company LoadUp has launched a division dedicated to helping eCommerce furniture...

Earnings
Stitch Fix: Shoppers Splurging on Fashion Demand More Personalized Expertise

Amid ongoing economic challenges, shoppers may be willing to spring for premium fashion service,...

Travel Payments
Corporations Follow Small Businesses in Returning to Travel

Large corporations are reportedly catching up with small and medium-sized businesses (SMBs) in returning...

SMBs
Rapid Finance Debuts Updates to Fraud Detection Platform for SMB...

Small business banking platform Rapid Finance has introduced updates to its fraud detection platform...

Retail
Albertsons and Uber Expand Program Delivering Surplus Food to Nonprofits

Albertsons Companies and Uber Technologies have expanded a program in which they donate and...

CFO
Why There Are No Sacred Cows for Today’s CFOs

The global economy today is increasingly marked by volatility and rapid shifts. Geopolitical tensions,...

eCommerce
Only 22% of US Consumers Prefer Payment Options on Brand...

Cart abandonment — when online shoppers select items with the apparent intention to buy,...

Partnerships
Informed.IQ and Fuse Team on AI-Powered Fraud Prevention

Artificial intelligence verification software firm Informed.IQ teamed with loan origination system (LOS) Fuse. Via...

Investments
Touchcast Plans to Raise $100 Million to Improve AI Queries

Artificial intelligence startup Touchcast is reportedly raising $100 million from backers including Microsoft. The...

Acquisitions
Databricks to Acquire Tabular to Enhance Data Compatibility

Data and artificial intelligence (AI) company Databricks has agreed to acquire data management company...

Banking
Banks Boost Revenue Streams With Transaction Management Services and Technologies

Card spending is volatile, and commercial real estate loans look shaky. Rules on how...

artificial intelligence
OpenAI, Google DeepMind Employees Look to Voice Concerns About AI

A group of current and former employees from OpenAI and Google DeepMind have reportedly...

Loyalty & Rewards
High-Income Shoppers Seek Store-Specific Card-Linked Rewards  

For shoppers with the most cash to burn, PYMNTS Intelligence data reveal, store-specific card-linked...

Partnerships
Microsoft and Hitachi Form Multibillion-Dollar AI Agreement

Microsoft has announced a multi-billion-dollar AI-focused partnership with Japan’s Hitachi. The collaboration is designed to...

Alternative Credit
66% of Consumers in India Would Switch Merchants for the...

Have you ever been in the process of paying for a purchase — either...

Retail
Zara and Amazon Lead Livestream Shoppable Content Expansion

As consumers around the world look for more engaging purchasing experiences, livestream shopping is...

Economy
Job Openings Slip 4.8% in April, Signaling Cooler Labor Market

The number of job openings in the United States declined by 4.8% in April....

Travel Payments
Middle-Income Vacationers Plan to Spend $500 More This Year Than...

Despite hard-to-shake concerns about inflation, nearly half of U.S. consumers are planning to take...

CFPB
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print

The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable...

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