PYMNTS Intelligence Banner June 2024

News & Trends

Cybersecurity
Report: Disney Data Leaked After Hack of Its Slack System

Disney has reportedly suffered a hack of its Slack system, with...

1 hour ago
Investments
Goldman Sachs Unit Invests in Plaid, Databricks Company Stakes

Venture capital (VC) firm NEA has reportedly created a $540 million...

2 hours ago
Legal
Judge Rules Against Sanctioning Law Firm in Visa, Mastercard Settlement

A federal magistrate judge ruled Saturday (July 13) that plaintiffs law...

2 hours ago
Connected Economy
Tencent Cloud and PlaysOut Partner on Embedded Services for Super...

Tencent Cloud and PlaysOut have unveiled a collaboration on embedded services...

3 hours ago
Earnings
Big Bank Earnings Show Mixed Signals on Consumer Credit Health

Get enough data points in place, and you have a trend....

3 hours ago
Personnel
Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs

Salesforce reportedly cut about 300 jobs in July after eliminating 700 roles...

4 hours ago
artificial intelligence
China’s AI Surge Could Impact the Global Business Landscape, Experts...

Chinese companies are racing ahead in adopting generative artificial intelligence (AI),...

4 hours ago
International
China’s Economic Growth Shows Surprise Slowdown

Economic growth in China reportedly fell to its slowest pace in...

5 hours ago
Retail
Macy’s SVP Says Winning Back Customers Brand’s Top Priority

For Macy’s Senior Vice President, Customer Journey, Bennett Fox-Glassman, personalization boils...

5 hours ago
Connected Economy
What We’ve Learned Tracking the 100 Connected Economy Leaders Since...

The Connected Economy (CE) 100 Stock Index was launched in February 2022....

5 hours ago
Investments
OCN Raises $86 Million to Expand Gig Worker Platform

OCN, a gig worker-focused FinTech formerly called OneCarNow, raised $86 million...

5 hours ago
Retail
Fashion Brands Drop Virtual Goods to Drive Omnichannel Engagement

From the metaverse to video game worlds, fashion companies are releasing...

6 hours ago
Banking
Lloyds Reportedly Puts Brakes on Staff Travel

Lloyds is reportedly telling staff to reduce their use of taxis...

6 hours ago
Social Commerce
Gen Z Consumers 117% Likelier to Shop From Influencers

As social commerce comes to occupy a growing role in retail...

6 hours ago
Banking
Boutique Investment Bank Ardea Reportedly Eyes UK Expansion

Boutique investment bank Ardea Partners is reportedly planning to expand in...

6 hours ago
Artificial Intelligence
C3 Debuts AI-Powered Application for Government Programs

Artificial intelligence software company C3 AI has a new application designed...

7 hours ago
Acquisitions
Macy’s Board Ends Acquisition Talks With Arkhouse, Brigade

The Macy’s board of directors has unanimously decided to end acquisition talks...

7 hours ago
Payment Methods
UK Regulators Investigating Benefits, Risks of Digital Wallets

Two United Kingdom regulators have begun gathering information on the benefits...

7 hours ago
IPO
Finance Platform OneStream Aims to Raise $465.5 Million in IPO

OneStream is attempting to raise $465.5 million in an initial public...

8 hours ago
artificial intelligence
AI Gets Positive Prognosis for Health Insurance Industry

Artificial intelligence (AI) is set to change the health insurance industry,...

8 hours ago
Earnings
Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With...

Goldman Sachs’ GreenSky sale is in the rearview mirror and its...

8 hours ago
B2B Payments
Transend and Midland States Bank Partner on Working Capital Solution

Transend and Midland States Bank have partnered to help suppliers offer their...

9 hours ago
Business
Report: Stripe Valued at $70 Billion Amid Possible Sequoia Deal

The valuation of payments processing platform Stripe reportedly reached $70 billion....

9 hours ago
Investments
Adaptive Raises $19 Million to Scale Construction Industry Financial Platform

Adaptive raised $19 million in a Series A funding round to...

10 hours ago
Personnel
Citi Names Barclays Vet James Morris as UK Commercial Banking...

Citi has a new head of commercial banking (CCB) for the...

10 hours ago
Bank Regulation
Australian Banks Refund $19 Million to Low-Income Customers

Banks in Australia are issuing $19 million in refunds to low-income...

10 hours ago
artificial intelligence
AI Explained: Data Scarcity and How it Impacts Innovation

As artificial intelligence (AI) powers a growing array of technologies, from...

11 hours ago
Acquisitions
Ryder Expands Mobile Maintenance Fleet Services With Pit Stop Acquisition

Ryder System plans to expand its retail mobile maintenance offering with...

11 hours ago
Travel Payments
Paycheck-to-Paycheck Vacationers Seize on Travel Discounts

As budget-strapped consumers look for ways to afford travel this summer,...

11 hours ago
Security & Fraud
AutoNation: CDK Hack Will Hurt Earnings

The impact of the hack on car dealership software firm CDK...

11 hours ago
B2B Payments
Truckin Digital Adds QuickBooks Integration to Trucking Company Platform

Truckin Digital added an integration with Intuit QuickBooks Online to its...

12 hours ago
Connected Economy
Visa and Wirex Partner on Digital Currency Use in Europe,...

 Visa has teamed with WireX to promote the use of digital...

13 hours ago
Regulation
PayPal Fined $27 Million for Contract Violations in Poland

A Polish regulator fined PayPal $27.3 million over allegedly “unprecedented” user...

13 hours ago
Retail
Smartphone Sales Climb Thanks to Markdowns and AI

iPhone sales stabilized in the second quarter amid growth in the...

16 hours ago
Artificial Intelligence
Are Chief Operating Officers Missing GenAI’s Strategic Value?

Most chief operating officers (COOs) surveyed from firms with at least...

19 hours ago
Payments Innovation
AI Unlocks Feedback Loop Between Payments Innovation and Customer Expectations

All the innovation in the world changes nothing if it fails...

19 hours ago
Connected Economy
CE 100 Index Gains 1.3% as Big Banks Post Earnings

Earnings season is in full swing, as big banks – specifically,...

19 hours ago
Connected Economy
How the World Does Digital: UK Consumers Thrive in Connected...

Driven by widespread access to high-speed broadband and advanced mobile networks,...

19 hours ago