Today on PYMNTS

Point of Sale
Lightspeed CEO on Helping Smaller Merchants Challenge Industry Goliaths

Profit is the applause a business gets from its customers. So the saying, originally...

Artificial Intelligence
AI Takes Turn as Archaeology Assistant to Uncover Ancient Commerce,...

What if Indiana Jones had been able to use artificial intelligence? With AI, Indy...

Legal
DOJ Charges 2 With Money Laundering Around ‘Pig Butchering’ Scams

Two Chinese nationals have been charged with leading a scheme to launder proceeds from...

Banking
Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans...

Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to...

Legal
Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling

The Thursday (May 16) decision by the Supreme Court to uphold the funding mechanism of...

Cryptocurrency
Report: Dolce & Gabbana Sued Over NFT Sale

Dolce & Gabbana has reportedly been sued by a customer who said he spent $6,000...

eCommerce
Online Sales Recede From 2023’s Year-End Splurge

The year-end-splurge online may come as no surprise. The pullback in the first quarter...

Artificial Intelligence
OpenAI Dissolves ‘Superalignment Team,’ Distributes AI Safety Efforts Across Organization

OpenAI reportedly effectively dissolved its “superalignment team,” which was dedicated to ensuring the safety of future advanced...

eCommerce
How Businesses Can Navigate the AI Search Shake-Up

Google’s latest unveiling of artificial intelligence (AI)-powered search tools has sent ripples through the business...

Regulation
SoLo Funds ‘Blindsided’ by CFPB Lawsuit

The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark...

Retail
Three-Quarters of Young Consumers Favor Click-and-Mortar™ Grocery Shopping

Millennials and Generation Z consumers are not satisfied choosing between digital and physical channels to...

Retail
Consumers Are Leaving Major Cities, Slowing Retail’s Digital Transformation

The impact of the pandemic on consumers’ geographic distribution has continued, with shoppers increasingly...

Bank Regulation
Bill Raising Asset Thresholds for Banking Regulations Heads to House...

The House Financial Services Committee (HFSC) voted Thursday (May 16) to advance a bill that would raise the...

Payment Methods
Consumers Want Payment Options That Help Manage Spending

As consumers look for simpler and more intuitive eCommerce experiences, Harvest Hosts sees providing more payment...

Disbursements
Eisen and Checkbook Partner to Streamline Disbursements by Financial Institutions

Eisen and Checkbook partnered to help financial institutions streamline payment disbursements and ensure compliance with consumer protection...

Blockchain
Making Sense of Embedded DeFi’s Role in Web3’s Future

The Web3 space has its sights set on transforming payments and commerce via blockchain...

Banking
HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses

HSBC Bank USA has introduced a checking account for business clients that combines an earnings...

Healthcare
High-Income Women Spend Nearly $1K on Their Own Health, Wellness...

For most women, a complex cluster of building blocks — their life stage, household...

Investments
CoreWeave Secures $7.5 Billion to Expand AI Infrastructure

Artificial intelligence (AI) hyperscaler CoreWeave has secured a $7.5 billion debt financing facility. The company will use...

Artificial Intelligence
This Week in AI: Airline Pricing, Search Boosts, Company Cash...

This week in artificial intelligence, airlines are diving into AI this summer to enhance...

Regulation
UK Antitrust Regulator Won’t Investigate Microsoft-Mistral AI Partnership

The United Kingdom’s Competition and Markets Authority (CMA) will not investigate Microsoft’s partnership with...

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