PYMNTS News

To Understand Big Tech’s AIs, Follow Their Data Trails
To Understand Big Tech’s AIs, Follow Their Data Trails
September 29, 2023  |  Artificial Intelligence

The ability of some of the largest and most valuable businesses in the world to differentiate their generative artificial intelligence (AI) products is inherently limited....

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FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
September 29, 2023  |  Fraud Prevention

The Federal Trade Commission (FTC) has partnered with consumer protection authorities from four Latin American countries — Chile, Colombia, Mexico and Peru — to combat cross-border fraud....

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Gen Z Consumers Are Subscription Boxes’ Biggest Fans
Gen Z Consumers Are Subscription Boxes’ Biggest Fans
September 29, 2023  |  Consumer Insights

As retail subscriptions woo consumers of all ages, PYMNTS Intelligence reveals that, for providers that follow the surprise box model, Generation Z is the most...

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Circle Says Stablecoins Are Not Securities in SEC Case Against Binance
Circle Says Stablecoins Are Not Securities in SEC Case Against Binance
September 29, 2023  |  Cryptocurrency

Circle, the issuer of the USDC stablecoin, has reportedly filed a brief in the Securities and Exchange Commission’s (SEC) case against Binance, one of the...

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NYC May See Surge in Pickup With Food Delivery Wage Increase
NYC May See Surge in Pickup With Food Delivery Wage Increase
September 29, 2023  |  Delivery

With mandated increases in delivery drivers’ pay, New York City is likely to see off-premise restaurant customers shift to pickup to avoid steeper fees. Uber,...

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Ripple Pulls Out of Fortress Trust Acquisition
Ripple Pulls Out of Fortress Trust Acquisition
September 29, 2023  |  Acquisitions

Cryptocurrency company Ripple is not moving ahead with its previously announced plans to acquire custodian Fortress Trust. “A few weeks ago, we signed a letter of...

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Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
September 29, 2023  |  Legal

French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE, is reportedly under investigation for possible money laundering. The investigation, initiated...

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INSHUR Expands Partnership With Uber to Scale On-Demand Insurance
INSHUR Expands Partnership With Uber to Scale On-Demand Insurance
September 29, 2023  |  Partnerships

INSHUR, an on-demand insurance platform, has expanded its strategic partnership with Uber as it launches insurance products for on-demand livery drivers in Arizona. This move follows...

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Wonder Nabs Blue Apron for $103 Million Amid Meal Delivery Consolidation
Wonder Nabs Blue Apron for $103 Million Amid Meal Delivery Consolidation
September 29, 2023  |  Acquisitions

As competition for consumers’ meal delivery spend heats up across businesses ranging from direct-to-consumer (D2C) sites and major food brands to restaurants and aggregators, Wonder...

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