News

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

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LinkedIn Employs AI and Games to Promote Daily User Visits
LinkedIn Employs AI and Games to Promote Daily User Visits
July 21, 2024  |  Social Commerce

How often do you visit LinkedIn? The platform wants your answer to be “every day.” To that end, the Financial Times (FT) reported Sunday (FT),...

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AI Lets People Chat With ‘Clones’ of Departed Loved Ones
AI Lets People Chat With ‘Clones’ of Departed Loved Ones
July 21, 2024  |  artificial intelligence

An artificial intelligence (AI) that lets you communicate with a digital version of a deceased loved one. It sounds like the stuff of science fiction....

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Luxury Brands Slash Prices to Entice Middle-Income Buyers
Luxury Brands Slash Prices to Entice Middle-Income Buyers
July 21, 2024  |  Retail

Luxury brands have begun lowering their prices to win back middle-income shoppers. As The Wall Street Journal (WSJ) reported Sunday (July 21), this move —...

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National Ice Cream Day Gets a Sprinkle of Digital Transformation This Sundae
National Ice Cream Day Gets a Sprinkle of Digital Transformation This Sundae
July 20, 2024  |  Retail

Sunday (July 21) is National Ice Cream Day, and as the event has evolved for today’s digital consumers, brands are taking advantage of shoppers’ enthusiasm...

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Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 
Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 
July 19, 2024  |  Meta

A Nigerian regulator has fined Meta $220 million, saying the privacy policy of the company’s WhatsApp violated the country’s data and privacy laws. The Federal...

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Microsoft Outage Could Produce ‘Insurance Catastrophe’
Microsoft Outage Could Produce ‘Insurance Catastrophe’
July 19, 2024  |  Business

Insurers reportedly could be facing hundreds or thousands of business interruption claims resulting from the Microsoft outage that began late Thursday (July 18). Economic damages from the...

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Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
July 19, 2024  |  Connected Economy

If there ever was a day that needed a Plan B, it was Friday, July 19. Banks, airlines, hospitals, fast food chains, retailers, even the...

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Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
July 19, 2024  |  Legal

The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management...

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Fifth Third Earnings Focus on Liquidity and Payments Innovations
Fifth Third Earnings Focus on Liquidity and Payments Innovations
July 19, 2024  |  Earnings

This quarter’s bank earnings, like the macroenvironment, have been mixed and unpredictable. And the ongoing theme of controlling for what’s controllable held true for Fifth...

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