News

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

(source: pymnts.com)

Wall Street Providing Financing Deals Backed by AI Chips
Wall Street Providing Financing Deals Backed by AI Chips
May 21, 2024  |  artificial intelligence

Wall Street investment firms are taking advantage of the booming artificial intelligence (AI) industry by providing financing deals backed by AI chips. Graphics-processing-unit (GPU) chips...

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New Legislation Could Exempt Banks From Durbin’s Debit Fee Cap Impact
New Legislation Could Exempt Banks From Durbin’s Debit Fee Cap Impact
May 21, 2024  |  Banking

For banks eyeing the impact of the Durbin Amendment — and the prospect of debit interchange caps — there might be some relief coming from Congress. A bill that was approved...

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Paytm’s Shares Fall as Widening Losses Are Anticipated
Paytm’s Shares Fall as Widening Losses Are Anticipated
May 21, 2024  |  Banking

Paytm’s stock has reportedly fallen considerably amid the company’s troubles with Indian banking regulators. Shares in Paytm are down roughly 61% in the last six months, Bloomberg...

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Google Introduces AI Tools for Generating Product Images, Videos
Google Introduces AI Tools for Generating Product Images, Videos
May 21, 2024  |  Google

Google has announced a range of new artificial intelligence (AI) tools for retailers, including some that help them generate product images and videos. “At a time...

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Gen X Shoppers Cut Back on Groceries the Most Amid Inflation
Gen X Shoppers Cut Back on Groceries the Most Amid Inflation
May 21, 2024  |  Consumer Insights

As consumers rethink their spending on groceries amid inflation, PYMNTS Intelligence research reveals, Gen X shoppers are quicker to make changes to everything from what products they...

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30% of US Consumers Count on Side Hustles to Pay the Bills
30% of US Consumers Count on Side Hustles to Pay the Bills
May 21, 2024  |  Consumer Insights

Although inflation is down to 3.3% from its July 2022 peak of 9.1%, many consumers in the United States are still working some kind of side hustle to make...

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Better Together: Embracing Data Consortiums to Prevent Payments Fraud
Better Together: Embracing Data Consortiums to Prevent Payments Fraud
May 21, 2024  |  Fraud Prevention

Teamwork makes the dream work. At least in some cases.  After all, it is hard to imagine leading businesses in today’s hyper-competitive landscape sharing information...

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LSQ Provides Supply Chain Finance Solutions to Battery Recycler Ecobat
LSQ Provides Supply Chain Finance Solutions to Battery Recycler Ecobat
May 21, 2024  |  Supply Chain

Battery recycler Ecobat has tapped LSQ for supply chain finance solutions. This collaboration has enabled Ecobat to bolster supplier health and generate working capital, the...

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Ice Cream for Dogs: Pet Parents Are Springing for Human-Like Treats
Ice Cream for Dogs: Pet Parents Are Springing for Human-Like Treats
May 21, 2024  |  Retail

Pet parents are splurging on products and experiences that treat their dogs like their human relatives. Ollie, a company specializing in human-grade dog food, announced...

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