Today on PYMNTS

Retail
Fast Food Brands Struggle as Consumer Sentiment Sours

Restaurant stocks have been struggling this summer, though it’s not quite clear why. As...

Banking
OCC: Banks Unprepared for Cyberattacks and Other Risks

A U.S. banking regulator has reportedly determined that many lenders aren’t prepared for risks....

IPO
Payments FinTech Ebury Reportedly Planning UK IPO

Santander-owned payments FinTech Ebury is reportedly planning to go public in the U.K. The...

Security & Fraud
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge

Revolut has reportedly denied thousands of British customers reimbursement requests after they were defrauded....

Social Commerce
LinkedIn Employs AI and Games to Promote Daily User Visits

How often do you visit LinkedIn? The platform wants your answer to be “every...

artificial intelligence
AI Lets People Chat With ‘Clones’ of Departed Loved Ones

An artificial intelligence (AI) that lets you communicate with a digital version of a...

Retail
Luxury Brands Slash Prices to Entice Middle-Income Buyers

Luxury brands have begun lowering their prices to win back middle-income shoppers. As The...

Retail
National Ice Cream Day Gets a Sprinkle of Digital Transformation...

Sunday (July 21) is National Ice Cream Day, and as the event has evolved...

Meta
Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 

A Nigerian regulator has fined Meta $220 million, saying the privacy policy of the...

Business
Microsoft Outage Could Produce ‘Insurance Catastrophe’

Insurers reportedly could be facing hundreds or thousands of business interruption claims resulting from the Microsoft...

Connected Economy
Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks

If there ever was a day that needed a Plan B, it was Friday,...

Legal
Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices

The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for...

Earnings
Fifth Third Earnings Focus on Liquidity and Payments Innovations

This quarter’s bank earnings, like the macroenvironment, have been mixed and unpredictable. And the...

Personnel
Magic Leap Cuts 75 Jobs, Shifts Focus to Technology Licensing

Augmented reality (AR) startup Magic Leap reportedly cut 75 jobs on Thursday (July 18) as it...

Earnings
Netflix Co-CEO Touts Programming Flexibility and Eyes Ads Tier Business

During Thursday’s Q2 earnings call, Netflix officials discussed a redesigned homepage aimed at improving...

Acquisitions
Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger

Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters,...

artificial intelligence
Meta’s AI Retreat May Signal EU Regulatory Minefield

Facebook parent Meta’s decision to withhold its latest multimodal artificial intelligence (AI) model from...

Connected Economy
They Said That: Notable Quotables From the Week of July...

This week featured insights from JOOR CEO Kristin Savilia on the necessity of experiential...

Connected Economy
Hospitals Cancel Procedures, Find Manual Workarounds Amid Microsoft Outage

Hospitals are reportedly among the organizations being hit hard by the Microsoft system outage that...

Bank Regulation
Open Banking Faces Challenges as Banks Urge Delay in New...

Open banking, as it emerges more fully in the United States, promises to bring...

artificial intelligence
This Week in AI: From Mini GPTs to Construction Cash...

As OpenAI unveils its compact GPT-4o mini and pursues human-level reasoning with “Project Strawberry,”...

Exclusive Clips

Markets

Latest Reports

Karen Webster

Regulations

Connected Economy

SMB