Today on PYMNTS

artificial intelligence
Oracle Adds AI-Powered Vector Search to Converged Database

Oracle, a provider of integrated suites of applications and secure infrastructure in the Oracle...

Cybersecurity
US Firms Are Main Targets for Cyberattacks, Intelligence Chief Tells...

Director of National Intelligence Avril Haines told Congress Thursday (May 2) that there has been an...

Retail
Gen Z Car Buyers Shop Digitally but Complete Purchases in...

Consumers — especially younger generations — are conducting more and more purchases digitally, but...

SMBs
Amazon Launches Grants, Education Hub for Small Business Owners

Amazon’s B2B procurement store is rolling out new resources designed to help smaller entrepreneurs....

Data
Banyan to Add Item-Level Data Capabilities to WEX Virtual Payments

Banyan has announced a new partnership with WEX. “As a B2B FinTech whose purpose...

Earnings
Peloton Layoffs Point to Economic Pressures on Connected Fitness Marketplace 

Peloton made headlines on Thursday (May 2) as it announced the launch of restructuring efforts, including laying...

artificial intelligence
Analysis: Microsoft’s $2.2 Billion AI Bet May Boost Malaysia’s Tech...

Microsoft will inject $2.2 billion into Malaysia’s burgeoning cloud and artificial intelligence (AI) infrastructure...

Acquisitions
Fraud Prevention Firm BioCatch Acquired by Permira

Israeli fraud/financial crime prevention provider BioCatch has been acquired by private equity company Permira.  The deal, announced Thursday (May...

SMBs
Chase Debuts Tools for Small Business Payment Pain Points

Chase introduced a series of payments-oriented tools aimed at small- to medium-sized businesses (SMBs). The new tools...

Amazon
Amazon’s AI Ambitions Help Fuel Q1 Earning Surge

Amazon reported strong financial results for the first quarter of 2024, as the company doubles...

Delivery
Instacart Becomes Kohl’s Same-Day Delivery Partner, Continues Expansion Beyond Grocery

Instacart has become the exclusive same-day delivery partner of Kohl’s. With Kohl’s now on the Instacart App,...

Legal
Uber Sued for $312 Million by London Cab Drivers

Uber is reportedly facing a $312 million lawsuit from drivers of London’s black cabs. That...

Mobile Wallets
55% of High-Earning Consumers and 79% of Gen Z Use...

Whether shopping online or in person, an increasing number of consumers are embracing digital...

Economy
Initial Claims for Unemployment Unchanged, Signaling ‘Fairly Tight’ Labor Market

The number of initial claims for unemployment insurance held steady during the week ending...

B2B Payments
Checkout.com and Mastercard Offer Virtual Cards for Travel Agents

Checkout.com has teamed with Mastercard to offer virtual cards to online travel agents.  “As part of the...

eCommerce
Competing With Giants: How Small Businesses Can Optimize Their eCommerce...

This National Small Business Week, merchants are increasingly moving beyond Main Street — and...

Payments Innovation
Payment Networks Spotlight Rise of Tokenization and Contactless Payments

Four years ago, the pandemic began to give wings to contactless payments. Now, as...

Personnel
Peloton CEO Barry McCarthy Steps Down as Company Begins Restructuring

Peloton Interactive has begun a search for a new CEO and announced that Barry McCarthy has stepped...

Startups
UK’s Non-London FinTechs Fight for Funding

In the north of England, the Manchester area has a booming FinTech startup community....

Economy
Fast-Food Slowdown May Mean Steeper Promotions

It’s been a season of slowing sales for quick-service restaurants (QSRs). That could mean...

artificial intelligence
Europe’s AI Paradox: Slow Adoption, Big Ambitions

Despite Europe’s reputation as a tech laggard, a cadre of companies is making big bets...

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