Inflation-pressured consumers tend to cut back on their luxury purchases. At least, that’s what PYMNTS Intelligence data has found. However, the demand for Richemont’s jewelry brands like Cartier and Van Cleef tells a different story, with the company experiencing a bump during the most recent...
In a world where Amazon and Walmart are always finding ways to go neck in neck, both retail giants are focusing on enhancing their established strengths this week. Amazon is launching a generative artificial intelligence (AI) tool that aims to address shopper questions, and Walmart...
Every technological advancement — including generative artificial intelligence — brings with it its own, updated variety of adversarial threats. “There are so many ways AI models can behave that they move beyond the binary of fraud and not fraud,” Kojin Oshiba, co-founder of end-to-end AI...
The Fed may not cut rates as soon as many on Wall Street would have hoped. And that means, at least for now, dampened enthusiasm for loans, perhaps some pressure on loan payments … … and so the FinTech IPO Index plummeted 6.6% in a...
Macy’s is reducing its workforce by 3.5%. “As we prepare to deploy a new strategy to meet the needs of an everchanging consumer and marketplace, we made the difficult decision to reduce our workforce by 3.5% to become a more streamlined company,” a Macy’s spokesperson said...
Cybrid, a provider of embedded finance application programming interface (API) solutions, has expanded its Fintech API platform to include business-to-business (B2B) payments. This move is aimed at catering to the sophisticated requirements of modern businesses, the company said in a Thursday (Jan. 18) press release. “Our...
In recent months, business development companies (BDCs) have witnessed a surge in valuations, prompting several firms to opt for public offerings. BDCs, which are private lenders that primarily provide loans to small- to medium-sized businesses (SMBs), have experienced a notable increase in public offerings after...
As consumers look for lower-priced grocery options amid ongoing budgetary pressures, Flashfood is seeing its eCommerce marketplace, which sells food that would otherwise go to waste at discounted prices, boost grocers’ sales. In an interview with PYMNTS, Nicholas Bertram, who was announced as CEO of...
Pretty Links, a link management WordPress plugin, has unveiled its latest feature, a built-in payment-link function that allows online sellers to create branded checkout links for selling products across various channels. This new feature, PrettyPay, was developed in collaboration with the Stripe payments platform, Pretty...
