News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Citi to Offer Network International Omnichannel Payment Acceptance Solutions
Citi to Offer Network International Omnichannel Payment Acceptance Solutions
August 19, 2024  |  Payment Methods

Citi and Network International have formed a referral agreement in which Network will provide omnichannel payment acceptance solutions to the bank’s large enterprise customers across...

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LVMH Founder Bernard Arnault’s Family Firm Invests in AI Companies
LVMH Founder Bernard Arnault’s Family Firm Invests in AI Companies
August 19, 2024  |  Investments

Bernard Arnault, founder and CEO of luxury goods company LVMH and the fourth-richest person in the world, has reportedly made several investments in artificial intelligence...

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Compliance Remains a Constant for Bank-FinTech Partnerships
Compliance Remains a Constant for Bank-FinTech Partnerships
August 19, 2024  |  Bank Regulation

Rapid innovation cycles can often outpace the ability of risk management frameworks to adapt. This is being made evident across the banking-as-a-service (BaaS) landscape, where...

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Mango and Farm Rio: Targeting US Consumers With Global Appeal and Local Relevance
Mango and Farm Rio: Targeting US Consumers With Global Appeal and Local Relevance
August 19, 2024  |  Retail

In the competitive arena of international fashion, Mango and Farm Rio are each pursuing distinct strategies to capture the U.S. consumer market. Both brands, hailing...

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PayTomorrow Flexible Financing Platform Adds FlexShopper Lease-to-Own Services
PayTomorrow Flexible Financing Platform Adds FlexShopper Lease-to-Own Services
August 19, 2024  |  Partnerships

FlexShopper’s lease-to-own (LTO) services are now available in PayTomorrow’s flexible financing platform. This collaboration enables retail merchants to offer more consumer financing options to their customers,...

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GM Streamlines Software and Services Unit, Lays Off 1,000
GM Streamlines Software and Services Unit, Lays Off 1,000
August 19, 2024  |  Personnel

General Motors laid off over 1,000 salaried employees in Software and Services, its division focused on infotainment, OnStar, subscriptions and other emerging features. The employees...

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AI Explained: Emotion AI Tries to Interpret Human Feelings
AI Explained: Emotion AI Tries to Interpret Human Feelings
August 19, 2024  |  artificial intelligence

In an era where artificial intelligence is reshaping industries and daily life, a new frontier is emerging: Emotion AI, also known as affective computing. This...

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As Klarna Eyes Banking, BNPL Becomes Onramp to NextGen Neobank
As Klarna Eyes Banking, BNPL Becomes Onramp to NextGen Neobank
August 19, 2024  |  BNPL

For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps,...

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Regional Banks Pursue Mergers and Acquisitions to Enhance Competitiveness
Regional Banks Pursue Mergers and Acquisitions to Enhance Competitiveness
August 19, 2024  |  Acquisitions

Regional banks in the United States are reportedly actively pursuing mergers and acquisitions to strengthen their balance sheets and enhance their competitiveness in the face...

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